Buckle Inc (BKE)
Gross profit margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 592,787 | 593,483 | 653,593 | 668,274 | 694,792 | 633,023 | 571,254 | 557,296 | 543,338 | 617,999 | 692,660 | 724,804 | 756,948 | 689,244 | 621,540 | 608,299 | 645,269 | 702,271 | 717,968 | 726,874 |
| Revenue (ttm) | US$ in thousands | 1,217,689 | 1,220,873 | 1,309,638 | 1,330,703 | 1,371,680 | 1,281,725 | 1,191,770 | 1,171,147 | 1,150,524 | 1,259,902 | 1,369,280 | 1,418,787 | 1,468,294 | 1,368,464 | 1,268,634 | 1,245,357 | 1,293,946 | 1,372,900 | 1,390,356 | 1,400,724 |
| Gross profit margin | 48.68% | 48.61% | 49.91% | 50.22% | 50.65% | 49.39% | 47.93% | 47.59% | 47.23% | 49.05% | 50.59% | 51.09% | 51.55% | 50.37% | 48.99% | 48.85% | 49.87% | 51.15% | 51.64% | 51.89% |
January 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $592,787K ÷ $1,217,689K
= 48.68%
Buckle Inc's gross profit margin has exhibited fluctuations over the analyzed period. The trend shows a gradual decline from 51.89% in January 2022 to 48.68% in January 2025. There are various factors that could contribute to this decline, such as changes in pricing strategies, cost of goods sold, competition in the retail industry, or shifts in consumer preferences.
It is essential for Buckle Inc to closely monitor its gross profit margin and investigate the reasons behind the downward trend. Maintaining a healthy gross profit margin is critical for the company's overall financial health, as it reflects the efficiency of its production process and pricing strategy. Strategies to improve the gross profit margin may include cost-cutting measures, renegotiating supplier contracts, optimizing inventory management, or analyzing product mix to focus on higher-margin items.
Analyzing and addressing the factors impacting the gross profit margin can help Buckle Inc enhance its profitability and competitiveness in the retail market. Keeping a close eye on this financial metric and implementing targeted strategies will be essential for sustaining long-term success and growth.
Peer comparison
Jan 31, 2025