Retail Dogma

RETAIL BENCHMARKS

Financial Ratios List

We have analyzed the financial statements of different 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 FY 2021, as reported in early 2022.

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.

Apparel & Footwear

Average Financial Ratios

Pre-tax Profit
10.6%
Gross Margin
43%
Inventory Turnover
4.4
GMROI
3.25

Abercrombie & Fitch

Pre-tax Profit
8.3%
Gross Margin
62%
Inventory Turnover
3.01
GMROI
4.97

American Eagle Outfitters

Pre-tax Profit
11.2%
Gross Margin
40%
Inventory Turnover
6.3
GMROI
4.15

Gap

Pre-tax Profit
1.9%
Gross Margin
40%
Inventory Turnover
3.67
GMROI
2.43

Nordstorm

Pre-tax Profit
3.3%
Gross Margin
37%
Inventory Turnover
4.5
GMROI
2.62

Nike

Pre-tax Profit
15%
Gross Margin
45%
Inventory Turnover
3.46
GMROI
2.81

Urban Outfitters

Pre-tax Profit
8.9%
Gross Margin
33%
Inventory Turnover
6.37
GMROI
3.11

Foot Locker

Pre-tax Profit
13.8%
Gross Margin
34%
Inventory Turnover
5.37
GMROI
2.81

Shoe Carnival

Pre-tax Profit
15.6%
Gross Margin
40%
Inventory Turnover
3.1
GMROI
2.03

Department Stores

Average Financial Ratios

Pre-tax Profit
10%
Gross Margin
42%
Inventory Turnover
3.72
GMROI
2.67

Dillard's

Pre-tax Profit
16.4%
Gross Margin
43%
Inventory Turnover
3.46
GMROI
2.65

Macy's

Pre-tax Profit
7.4%
Gross Margin
41%
Inventory Turnover
3.67
GMROI
2.53

Kohl's

Pre-tax Profit
6.3%
Gross Margin
41%
Inventory Turnover
4.04
GMROI
2.83

Discount & Off-Price Stores

Average Financial Ratios

Pre-tax Profit
6.4%
Gross Margin
29%
Inventory Turnover
5.56
GMROI
2.14

Big Lots

Pre-tax Profit
3.8%
Gross Margin
39%
Inventory Turnover
3.45
GMROI
2.2

Dollar General

Pre-tax Profit
9%
Gross Margin
32%
Inventory Turnover
4.31
GMROI
1.99

Dollar Tree

Pre-tax Profit
6.2%
Gross Margin
29%
Inventory Turnover
4.77
GMROI
1.99

PriceSmart

Pre-tax Profit
4.1%
Gross Margin
18%
Inventory Turnover
8.51
GMROI
1.84

TJX

Pre-tax Profit
9.1%
Gross Margin
28%
Inventory Turnover
6.74
GMROI
2.69

Drug Stores

Average Financial Ratios

Pre-tax Profit
2.1%
Gross Margin
19%
Inventory Turnover
12.55
GMROI
3.03

CVS

Pre-tax Profit
3.6%
Gross Margin
18%
Inventory Turnover
13.24
GMROI
2.87

Walgreen

Pre-tax Profit
0.7%
Gross Margin
21%
Inventory Turnover
11.86
GMROI
3.19

Electronics & Appliances

Best Buy

Pre-tax Profit
5.8%
Gross Margin
22%
Inventory Turnover
6.93
GMROI
2.01

Furniture

Williams Sonoma

Pre-tax Profit
17.6%
Gross Margin
44%
Inventory Turnover
4.1
GMROI
3.22

Grocery Stores

Average Financial Ratios

Pre-tax Profit
4.4%
Gross Margin
28%
Inventory Turnover
11.32
GMROI
4.48

Target

Pre-tax Profit
8.4%
Gross Margin
29%
Inventory Turnover
6.11
GMROI
2.53

Kroger

Pre-tax Profit
1.5%
Gross Margin
22%
Inventory Turnover
15.53
GMROI
4.38

Walmart

Pre-tax Profit
3.3%
Gross Margin
25%
Inventory Turnover
8.46
GMROI
2.83

Home Improvement

Average Financial Ratios

Pre-tax Profit
13%
Gross Margin
33%
Inventory Turnover
4.49
GMROI
2.26

Lowe's

Pre-tax Profit
11.6%
Gross Margin
33%
Inventory Turnover
3.8
GMROI
1.9

Home Depot

Pre-tax Profit
14.4%
Gross Margin
34%
Inventory Turnover
5.19
GMROI
2.63

Specialty Stores

AutoNation

Pre-tax Profit
7%
Gross Margin
19%
Inventory Turnover
9.4
GMROI
2.23

Dick's Sporting Goods

Pre-tax Profit
16.2%
Gross Margin
38%
Inventory Turnover
3.57
GMROI
2.22

Bath & Body Works

Pre-tax Profit
18.1%
Gross Margin
49%
Inventory Turnover
6.29
GMROI
6.02

Victoria's Secret

Pre-tax Profit
12.4%
Gross Margin
41%
Inventory Turnover
4.88
GMROI
3.35

Sally Beauty

Pre-tax Profit
8.4%
Gross Margin
50%
Inventory Turnover
2.28
GMROI
2.32

Ulta Beauty

Pre-tax Profit
15%
Gross Margin
39%
Inventory Turnover
3.95
GMROI
2.53