Designer Brands Inc (DBI)
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 | 40,043 | 159,534 | 173,025 | -608,647 | 119,774 |
| Revenue | US$ in thousands | 3,074,980 | 3,315,430 | 3,196,580 | 2,234,720 | 3,492,690 |
| Pretax margin | 1.30% | 4.81% | 5.41% | -27.24% | 3.43% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $40,043K ÷ $3,074,980K
= 1.30%
The pretax margin of Designer Brands Inc has fluctuated over the past five years, as shown in the table. In the most recent fiscal year (ending on February 3, 2024), the pretax margin was 1.30%, which represents a decline compared to the prior year's margin of 4.81% (ending on January 28, 2023). The pretax margin was relatively stable and positive in the years 2022 and 2020, with percentages of 5.41% and 3.43% respectively. Notably, in the fiscal year ending on January 30, 2021, Designer Brands Inc experienced a significant decrease in profitability with a negative pretax margin of -27.24%.
Overall, the pretax margin reflects the company's ability to control its operating expenses relative to its revenue before accounting for taxes. The fluctuation in pretax margin over the years may be indicative of changes in the company's cost structure, sales performance, or efficiency in managing expenses. Further analysis of the underlying factors driving these fluctuations would provide additional insights into the company's financial performance and operational effectiveness.
Peer comparison
Feb 3, 2024