Shoe Carnival Inc (SCVL)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 421,390 | 468,164 | 526,787 | 279,982 | 311,869 |
| Revenue | US$ in thousands | 1,175,880 | 1,262,240 | 1,330,390 | 976,765 | 1,036,550 |
| Gross profit margin | 35.84% | 37.09% | 39.60% | 28.66% | 30.09% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $421,390K ÷ $1,175,880K
= 35.84%
The gross profit margin of Shoe Carnival Inc has shown fluctuations over the past five years. In the fiscal year ending February 3, 2024, the gross profit margin decreased to 35.84% from 37.09% in the prior year. This decline indicates a decrease in the percentage of revenue retained by the company after accounting for the cost of goods sold.
Comparing the latest margin to the figures from earlier years, it is evident that Shoe Carnival's gross profit margin has experienced variability. The margin was highest at 39.60% in the fiscal year ending January 29, 2022, and lowest at 28.66% in the fiscal year ending January 30, 2021. The company was able to improve its margin in 2022 but faced a setback in 2023.
These fluctuations in the gross profit margin could be attributed to various factors such as changes in pricing strategies, cost of goods sold, inventory management, and competitive pressures within the industry. Investors and stakeholders may need to delve deeper into the company's financial performance and operational strategies to understand the dynamics influencing these changes in the gross profit margin over the years.
Peer comparison
Feb 3, 2024