Abercrombie & Fitch Company (ANF)
Pretax margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 477,009 | 67,016 | 308,974 | -53,810 | 56,729 |
| Revenue | US$ in thousands | 4,280,680 | 3,697,750 | 3,712,770 | 3,125,380 | 3,623,070 |
| Pretax margin | 11.14% | 1.81% | 8.32% | -1.72% | 1.57% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $477,009K ÷ $4,280,680K
= 11.14%
Abercrombie & Fitch Company's pretax margin has shown variability over the past five years. The pretax margin was negative at -1.72% on January 30, 2021, reflecting a period of unprofitability. However, there has been an improvement in profitability since then, with the pretax margin increasing to 1.57% on February 1, 2020, and further rising to 11.14% on February 3, 2024.
The significant increase in pretax margin to 11.14% in 2024 indicates that Abercrombie & Fitch has been able to generate higher profits relative to its total revenue before accounting for taxes. This improvement may be attributed to effective cost management, revenue growth, or a combination of both. Analyzing the trend in pretax margin helps investors and stakeholders assess the company's operational efficiency and profitability over time.
Peer comparison
Feb 3, 2024