| Stage | SHOE | % of rev | BOOT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $284M | 100.00% | $582M | 100.00% | BOOT ×2.05 |
| Gross profit | $91M | 31.87% | $216M | 37.21% | BOOT +5.3pp |
| Operating income | $8M | 2.68% | $70M | 12.07% | BOOT +9.4pp |
| Pre-tax income | $9M | 3.00% | $71M | 12.16% | BOOT +9.2pp |
| Net income | $6M | 2.20% | $52M | 9.02% | BOOT +6.8pp |
| Stage | SHOE | BOOT | Gap · A − B |
|---|---|---|---|
| Revenue | $284M100.00% | $582M100.00% | BOOT ×2.05 |
| Gross profit | 31.87%$91M | 37.21%$216M | BOOT +5.3pp |
| Operating income | 2.68%$8M | 12.07%$70M | BOOT +9.4pp |
| Pre-tax income | 3.00%$9M | 12.16%$71M | BOOT +9.2pp |
| Net income |
| 2.20%$6M |
| 9.02%$52M |
| BOOT +6.8pp |