Designer Brands Inc (DBI)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 974,886 | 1,079,220 | 1,068,640 | 311,241 | 999,670 |
| Revenue | US$ in thousands | 3,074,980 | 3,315,430 | 3,196,580 | 2,234,720 | 3,492,690 |
| Gross profit margin | 31.70% | 32.55% | 33.43% | 13.93% | 28.62% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $974,886K ÷ $3,074,980K
= 31.70%
The gross profit margin of Designer Brands Inc has fluctuated over the past five years. In fiscal year 2024, the gross profit margin was 31.70%, showing a slight decrease from the previous year's margin of 32.55%. However, compared to fiscal year 2022 and 2020, the margin has experienced a notable decline.
Fiscal year 2023 had a gross profit margin of 32.55%, which was higher than the margins in fiscal year 2024 and 2020, but lower than the margin in fiscal year 2022. The margin in fiscal year 2022 was 33.43%, the highest among the years analyzed. This indicates that the company was more efficient in generating profits from its sales in that specific period.
In contrast, fiscal year 2021 had a significantly lower gross profit margin of 13.93%, the lowest among the years reviewed. This could be a result of various factors such as increased costs of goods sold, lower pricing power, or inefficient operations during that period.
Overall, the trend in Designer Brands Inc's gross profit margin suggests some variability in the company's ability to generate profits from its sales over the past five years, with fluctuating levels of efficiency in managing production costs and pricing strategies.
Peer comparison
Feb 3, 2024