Foot Locker Inc (FL)
Pretax margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -423,000 | 146,000 | 242,000 | 388,000 | 522,000 | 625,000 | 704,000 | 1,148,000 | 1,241,000 | 1,253,000 | 1,400,000 | 883,000 | 494,000 | 516,000 | 318,000 | 333,000 | 672,000 | 713,000 | 688,000 | 718,000 |
| Revenue (ttm) | US$ in thousands | 8,155,000 | 8,116,000 | 8,298,000 | 8,499,000 | 8,743,000 | 8,755,000 | 8,770,000 | 8,980,000 | 8,958,000 | 8,806,000 | 8,723,000 | 8,525,000 | 7,548,000 | 7,580,000 | 7,406,000 | 7,103,000 | 8,005,000 | 8,056,000 | 7,984,000 | 7,992,000 |
| Pretax margin | -5.19% | 1.80% | 2.92% | 4.57% | 5.97% | 7.14% | 8.03% | 12.78% | 13.85% | 14.23% | 16.05% | 10.36% | 6.54% | 6.81% | 4.29% | 4.69% | 8.39% | 8.85% | 8.62% | 8.98% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-423,000K ÷ $8,155,000K
= -5.19%
The pretax margin of Foot Locker Inc has fluctuated over the past several quarters. The company experienced a negative pretax margin of -5.19% on Feb 3, 2024, indicating that its pre-tax earnings were less than its total revenue. This was a significant decrease compared to the previous quarter's pretax margin of 1.80% on Oct 28, 2023.
The trend of the pretax margin prior to the most recent quarter was generally positive, with pretax margins ranging from 2.92% to 16.05%. The highest pretax margin of 16.05% was recorded on Jul 31, 2021. However, on a downward trend, the pretax margin dropped to 10.36% on Jan 30, 2021, and further decreased to 6.54% on Oct 31, 2020. The lowest pretax margin in the provided data set was 4.29% on May 2, 2020.
It is essential for Foot Locker Inc to closely monitor and manage its pretax margin to ensure profitability and efficiency in its operations. A negative pretax margin, as seen in the most recent quarter, may indicate financial challenges that require attention and strategic decision-making to improve the company's financial performance.
Peer comparison
Feb 3, 2024