Gross Margin % is calculated as gross profit divided by its revenue. Caleres's Gross Profit for the
three
months ended in Jan. 2024 was $306 Mil. Caleres's Revenue for the
three
months ended in Jan. 2024 was $697 Mil. Therefore, Caleres's Gross Margin % for the quarter that ended in Jan. 2024 was 43.86%.
The historical rank and industry rank for Caleres's Gross Margin % or its related term are showing as below:
CAL'
s Gross Margin % Range Over the Past 10 Years
Min: 37.18 Med: 40.98 Max: 44.83
Current: 44.83
During the past 13 years, the highestGross Margin % of Caleres was 44.83%. The lowest was 37.18%. And the median was 40.98%.
CAL's Gross Margin % is ranked better than 64.87% of 1096
companies
in the Retail - Cyclical industry
Industry Median: 36.74
vs CAL: 44.83
Caleres had a gross margin of 43.86% for the quarter that ended in Jan. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Caleres was 3.20% per year.
Caleres Gross Margin % Historical Data
The historical data trend for Caleres's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Caleres's Gross Margin %
For the Apparel Retail subindustry, Caleres's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Caleres's Gross Margin % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Caleres's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Caleres's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Caleres (NYSE:CAL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Caleres had a gross margin of 43.86% for the quarter that ended in Jan. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Caleres Gross Margin % Related Terms
Thank you for viewing the detailed overview of Caleres's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Caleres Inc is a footwear retailer in the United States. The Company's business are organized into two reportable segments are famous Footwear and Brand Portfolio. The famous Footwear segment is comprised of famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of top brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company owned famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.
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