Bath & Body Works Inc. (BBWI)
Gross profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,237,000 | 3,150,000 | 3,146,000 | 3,184,000 | 3,257,000 | 3,453,000 | 3,614,000 | 3,782,000 | 3,855,000 | 3,816,000 | 3,840,000 | 3,571,000 | 3,097,000 | 3,484,000 | 3,362,000 | 3,786,000 | 4,452,000 | 4,626,000 | 4,813,000 | 4,889,000 |
| Revenue (ttm) | US$ in thousands | 7,118,000 | 7,175,000 | 7,203,000 | 7,253,000 | 7,300,000 | 7,438,000 | 7,510,000 | 9,197,000 | 9,306,000 | 11,098,000 | 12,442,000 | 11,542,000 | 11,726,000 | 11,614,000 | 11,357,000 | 9,078,000 | 10,053,000 | 10,198,000 | 10,296,000 | 13,240,000 |
| Gross profit margin | 45.48% | 43.90% | 43.68% | 43.90% | 44.62% | 46.42% | 48.12% | 41.12% | 41.42% | 34.38% | 30.86% | 30.94% | 26.41% | 30.00% | 29.60% | 41.71% | 44.29% | 45.36% | 46.75% | 36.93% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,237,000K ÷ $7,118,000K
= 45.48%
The gross profit margin of Bath & Body Works Inc. has demonstrated fluctuations over the past several quarters. The company's gross profit margin has ranged from a low of 26.41% in January 30, 2021, to a high of 48.12% in July 30, 2022. The trend indicates that there was a significant improvement in the margin from the low points in 2021 to the peak in mid-2022, followed by a decline in the more recent quarters.
Overall, Bath & Body Works Inc. has maintained a gross profit margin above 40% in the majority of the reported periods, indicating the company's ability to generate a reasonable level of profit after accounting for the cost of goods sold. The fluctuations in the margin may be attributed to various factors such as changes in product pricing, cost of goods, promotional activities, and overall sales performance.
It is important for the company to closely monitor and manage its gross profit margin to ensure sustainable profitability and competitiveness in the retail industry. Further analysis of the underlying reasons for the fluctuations in the margin would be beneficial in identifying areas for improvement and strategic decision-making.
Peer comparison
Feb 3, 2024