Designer Brands Inc (DBI)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,062 | 162,676 | 154,481 | -488,719 | 94,497 |
| Revenue | US$ in thousands | 3,074,980 | 3,315,430 | 3,196,580 | 2,234,720 | 3,492,690 |
| Net profit margin | 0.95% | 4.91% | 4.83% | -21.87% | 2.71% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $29,062K ÷ $3,074,980K
= 0.95%
The net profit margin of Designer Brands Inc has exhibited fluctuating trends over the past five years. In the most recent fiscal year ending February 3, 2024, the net profit margin stood at 0.95%, representing a decrease from the previous year's figure of 4.91%. This decline indicates a lower proportion of each dollar of revenue is translating into profit for the company.
Comparing to the fiscal year ending January 29, 2022 and January 30, 2021, where the net profit margins were 4.83% and -21.87% respectively, the company managed to improve its profitability in 2024 but still remained relatively low compared to 2021.
The positive net profit margin in 2020, at 2.71%, reveals that the company was able to generate profit from its operations. However, the significant negative net profit margin in 2021 signals a period of financial difficulty where the company's expenses outweighed its revenue.
This volatile trend in net profit margins indicates potential challenges in maintaining consistent profitability for Designer Brands Inc, and further analysis of the company's financial and operational strategies would be necessary to fully understand the factors driving these fluctuations.
Peer comparison
Feb 3, 2024