Retail Dogma

RETAIL BENCHMARKS

Financial Ratios List (2019)

We have analyzed the financial statements of 50+ publicly traded U.S retail companies across different retail segments & store types. Below are the averages for each type and the main brand  highlights for 2019.

This is an annually updated* list with the most relevant financial ratios (Pre-tax profitGross MarginInventory Turnover & GMROI). You can use it as a benchmark for your own retail business’ performance by looking at the most relevant segment/store type to your business.

*Note: We decided not to use 2020 as a benchmark, as it was an exceptional year, so the next update will be for the FY 2021 and will be published early 2022.

Apparel & Footwear

Average Financial Ratios

Pre-tax Profit
7.3%
Gross Margin
43%
Inventory Turnover
4.27
GMROI
3.3$

Abercrombie & Fitch

Pre-tax Profit
3.2%
Gross Margin
61%
Inventory Turnover
3.25
GMROI
5.1$

American Eagle Outfitters

Pre-tax Profit
8.6%
Gross Margin
38%
Inventory Turnover
6.1
GMROI
3.7$

Gap

Pre-tax Profit
7.8%
Gross Margin
42%
Inventory Turnover
4.7
GMROI
3.4$

Nordstorm

Pre-tax Profit
4.6%
Gross Margin
40%
Inventory Turnover
4.8
GMROI
3.2$

Ralph Lauren

Pre-tax Profit
9.2%
Gross Margin
62%
Inventory Turnover
3
GMROI
4.9$

Urban Outfitters

Pre-tax Profit
9.6%
Gross Margin
38%
Inventory Turnover
6.9
GMROI
4.1$

Foot Locker

Pre-tax Profit
9%
Gross Margin
32%
Inventory Turnover
4.2
GMROI
1.9$

Shoe Carnival

Pre-tax Profit
5%
Gross Margin
30%
Inventory Turnover
2.7
GMROI
1.2$

Department Stores

Average Financial Ratios

Pre-tax Profit
2.7%
Gross Margin
34%
Inventory Turnover
3.7
GMROI
1.9$

JC Penny

Pre-tax Profit
-2.3%
Gross Margin
34%
Inventory Turnover
3
GMROI
1.6$

Macy's

Pre-tax Profit
5.4%
Gross Margin
41%
Inventory Turnover
2.9
GMROI
2$

Sears

Pre-tax Profit
-5.9%
Gross Margin
23%
Inventory Turnover
3.8
GMROI
1.1$

TJX

Pre-tax Profit
10.8%
Gross Margin
31%
Inventory Turnover
6.2
GMROI
2.7$

Discount Stores

Average Financial Ratios

Pre-tax Profit
6.9%
Gross Margin
32%
Inventory Turnover
5.18
GMROI
2.3$

Big Lots

Pre-tax Profit
4%
Gross Margin
40%
Inventory Turnover
3.4
GMROI
2.3$

Dollar General

Pre-tax Profit
7.8%
Gross Margin
32%
Inventory Turnover
4.5
GMROI
2.1$

Five Below

Pre-tax Profit
12%
Gross Margin
38%
Inventory Turnover
4.6
GMROI
2.8$

PriceSmart

Pre-tax Profit
3.8%
Gross Margin
19%
Inventory Turnover
8.2
GMROI
1.9$

Drug Stores

Average Financial Ratios

Pre-tax Profit
2.6%
Gross Margin
21%
Inventory Turnover
10.5
GMROI
2.7$

CVS

Pre-tax Profit
0.7%
Gross Margin
18%
Inventory Turnover
10.1
GMROI
2.2$

Walgreen

Pre-tax Profit
4.6%
Gross Margin
23%
Inventory Turnover
10.9
GMROI
3.3$

Electronics & Appliances

Average Financial Ratios

Pre-tax Profit
5.4%
Gross Margin
40%
Inventory Turnover
4.6
GMROI
2.9$

Best Buy

Pre-tax Profit
4.4%
Gross Margin
25%
Inventory Turnover
6.1
GMROI
2$

Conn's

Pre-tax Profit
6.5%
Gross Margin
55%
Inventory Turnover
3.1
GMROI
3.8$

Furniture & Home Furnishings

Average Financial Ratios

Pre-tax Profit
5.8%
Gross Margin
40%
Inventory Turnover
2.7
GMROI
1.8$

At Home Group

Pre-tax Profit
4.1%
Gross Margin
39%
Inventory Turnover
2.2
GMROI
1.4$

Williams Sonoma

Pre-tax Profit
7.5%
Gross Margin
40%
Inventory Turnover
3.1
GMROI
2.1$

Grocery & Convenience

Average Financial Ratios

Pre-tax Profit
2.6%
Gross Margin
25%
Inventory Turnover
16
GMROI
5.4$

Caseys General Stores

Pre-tax Profit
2.8%
Gross Margin
21%
Inventory Turnover
28.8
GMROI
7.8$

Kroger

Pre-tax Profit
3.3%
Gross Margin
22%
Inventory Turnover
14.3
GMROI
4$

Walmart

Pre-tax Profit
2.2%
Gross Margin
27%
Inventory Turnover
8.5
GMROI
3.2$

Home Improvement

Average Financial Ratios

Pre-tax Profit
9.1%
Gross Margin
33%
Inventory Turnover
4.7
GMROI
2.4$

Lowe's

Pre-tax Profit
4.8%
Gross Margin
32%
Inventory Turnover
4
GMROI
1.9$

Home Depot

Pre-tax Profit
13.5%
Gross Margin
35%
Inventory Turnover
5.3
GMROI
2.8$

Specialty Stores

Average Financial Ratios

Pre-tax Profit
6.9%
Gross Margin
37%
Inventory Turnover
3.4
GMROI
1.7$

AutoNation

Pre-tax Profit
2.5%
Gross Margin
16%
Inventory Turnover
5
GMROI
1$

Carmax

Pre-tax Profit
6%
Gross Margin
15%
Inventory Turnover
6.3
GMROI
1.1$

Barnes & Noble

Pre-tax Profit
-1.9%
Gross Margin
25%
Inventory Turnover
3.1
GMROI
1$

Dick's Sporting Goods

Pre-tax Profit
5.1%
Gross Margin
31%
Inventory Turnover
3.3
GMROI
1.5$

L Brands

Pre-tax Profit
6.5%
Gross Margin
42%
Inventory Turnover
6.4
GMROI
4.6$

Party City

Pre-tax Profit
6.7%
Gross Margin
42%
Inventory Turnover
2.1
GMROI
1.5$

Tiffany & Co.

Pre-tax Profit
16.9%
Gross Margin
68%
Inventory Turnover
0.6
GMROI
1.3$

Sally Beauty

Pre-tax Profit
8.4%
Gross Margin
49%
Inventory Turnover
2.1
GMROI
2$

Ulta Beauty

Pre-tax Profit
12.8%
Gross Margin
40%
Inventory Turnover
3.5
GMROI
2.4$