Buckle Inc (BKE)

Pretax margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	289,215	335,056	337,755	170,947	137,707
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Pretax margin		22.93%	24.91%	26.09%	18.97%	15.30%

February 3, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $289,215K ÷ $1,261,100K
= 22.93%

Buckle Inc's pretax margin has demonstrated fluctuations over the past five years. The pretax margin was highest in fiscal year 2022 at 26.09% and lowest in fiscal year 2020 at 15.30%. The downward trend from 26.09% in 2022 to 22.93% in 2024 indicates a decrease in profitability before taxes. While the pretax margin has fluctuated, it generally remained above 15%, suggesting a consistent ability to generate income relative to total revenues. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall financial performance.