Buckle Inc (BKE)

Net profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	219,919	254,626	254,820	130,139	104,429
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Net profit margin		17.44%	18.93%	19.68%	14.44%	11.60%

February 3, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $219,919K ÷ $1,261,100K
= 17.44%

Buckle Inc's net profit margin has exhibited fluctuations over the past five fiscal years. The net profit margin, which represents the percentage of revenue that translates into net income after all expenses have been deducted, shows a downward trend from 2018 to 2019, with a net profit margin of 11.60% in 2020. However, it then increased in 2021 to 14.44% and continued to rise in 2022 to 19.68%. In the most recent fiscal year, the net profit margin decreased slightly to 18.93%.

This indicates that Buckle Inc has been able to effectively manage its expenses and generate profits relative to its revenue in recent years, although the downward trend in the most recent fiscal year may warrant further investigation into potential factors impacting profitability. Efforts to control costs and improve operational efficiency may help sustain or enhance the net profit margin in the future.