Buckle Inc (BKE)

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	619,065	631,957	650,143	657,100	676,003	665,301	660,966	657,616	653,009	614,149	570,033	521,396	400,668	365,747	342,331	327,646	377,474	370,178	362,801	363,035
Revenue (ttm)	US$ in thousands	1,261,102	1,280,525	1,309,409	1,318,957	1,345,187	1,324,311	1,311,402	1,304,546	1,294,607	1,232,512	1,164,085	1,084,990	901,278	853,446	826,562	814,354	900,254	893,663	884,649	881,912
Gross profit margin		49.09%	49.35%	49.65%	49.82%	50.25%	50.24%	50.40%	50.41%	50.44%	49.83%	48.97%	48.06%	44.46%	42.86%	41.42%	40.23%	41.93%	41.42%	41.01%	41.16%

February 3, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $619,065K ÷ $1,261,102K
= 49.09%

The gross profit margin of Buckle Inc has displayed some fluctuations over the last few years. In general, the trend indicates that the company has been able to maintain a relatively stable gross profit margin, with figures mostly ranging between 49% and 50% for the most recent periods.

There was a notable decline in the gross profit margin in the early part of 2021, where it dropped to 41.16%, but there has been a recovery since then. The highest gross profit margin was observed in January 2023 at 50.25%.

Overall, Buckle Inc seems to have been able to effectively manage its cost of goods sold to generate a reasonable level of gross profit relative to its net sales. It is essential for the company to continue monitoring and optimizing its cost structure to sustain and potentially improve its gross profit margin in the future.