Buckle Inc (BKE)

Gross profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Gross profit	US$ in thousands	619,065	676,003	653,009	400,668	377,474
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Gross profit margin		49.09%	50.25%	50.44%	44.46%	41.93%

February 3, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $619,065K ÷ $1,261,100K
= 49.09%

Buckle Inc's gross profit margin has shown a fluctuating trend over the past five years. The company experienced a decrease in gross profit margin in the most recent fiscal year, with a margin of 49.09% as of February 3, 2024, compared to 50.25% in the previous year. However, it is worth noting that the gross profit margin has generally improved over the five-year period, reaching its highest point at 50.44% on January 29, 2022, after a noticeable increase from 44.46% in the prior year. This indicates that Buckle Inc has been able to effectively manage its cost of goods sold relative to its revenue in recent years, with the margin trending upwards. The fluctuations in the gross profit margin may be attributed to various factors such as changes in pricing strategies, product mix, or input costs. Further analysis and comparison with industry benchmarks could provide additional insights into Buckle Inc's performance in terms of generating profits from its core operations.