Buckle Inc (BKE)

Operating profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating income	US$ in thousands	271,059	328,132	335,499	168,022	131,497
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Operating profit margin		21.49%	24.39%	25.92%	18.64%	14.61%

February 3, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $271,059K ÷ $1,261,100K
= 21.49%

The operating profit margin of Buckle Inc has displayed some fluctuations over the past five years. In the latest fiscal year ending February 3, 2024, the operating profit margin stood at 21.49%, which represents a decrease compared to the preceding year's figure of 24.39%. Despite this decrease, the company's operating profit margin remains relatively strong compared to the levels observed in the fiscal years 2020 and 2021, which were 14.61% and 18.64%, respectively.

It is worth noting that Buckle Inc experienced its highest operating profit margin in the fiscal year ending January 29, 2022, at 25.92%. This indicates a strong performance in terms of generating profits from its core operations during that period. However, the subsequent slight decline in the following years suggests potential shifts in the company's cost structure or revenue generation strategies.

Overall, while there has been some variability in Buckle Inc's operating profit margin over the past five years, the company has generally maintained a healthy level of profitability relative to its operating expenses, demonstrating its ability to efficiently manage costs and generate profits from its business operations.