Shoe Carnival Inc (SCVL)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,348 | 110,068 | 154,881 | 15,991 | 42,914 |
| Revenue | US$ in thousands | 1,175,880 | 1,262,240 | 1,330,390 | 976,765 | 1,036,550 |
| Net profit margin | 6.24% | 8.72% | 11.64% | 1.64% | 4.14% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $73,348K ÷ $1,175,880K
= 6.24%
Shoe Carnival Inc's net profit margin has fluctuated over the past five years, ranging from a low of 1.64% in fiscal year 2021 to a high of 11.64% in fiscal year 2022. The net profit margin indicates the company's profit as a percentage of its total revenue, reflecting its ability to control costs and generate earnings from sales.
The decrease in net profit margin from 11.64% in 2022 to 6.24% in 2024 suggests a decline in profitability relative to revenue during this period. This could be due to various factors, such as increased expenses, pricing pressures, or changes in sales volume.
On the positive side, Shoe Carnival's net profit margin improved from the low of 1.64% in 2021 to 6.24% in 2024, indicating a recovery in profitability. However, the company may need to continue focusing on managing costs and optimizing revenue streams to sustain and potentially increase its net profit margin in the future.
Peer comparison
Feb 3, 2024