Nordstrom Inc (JWN)
Gross profit margin
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,620,000 | 9,348,000 | 5,390,000 | 5,511,000 | 10,404,000 |
| Revenue | US$ in thousands | 15,016,000 | 14,693,000 | 14,693,000 | 15,530,000 | 15,530,000 |
| Gross profit margin | 37.43% | 63.62% | 36.68% | 35.49% | 66.99% |
January 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,620,000K ÷ $15,016,000K
= 37.43%
Nordstrom Inc's gross profit margin has exhibited some fluctuations over the years, as per the provided data.
On January 28, 2023, the gross profit margin was strong at 66.99%, indicating the company effectively managed its cost of goods sold relative to its revenue.
There was a significant drop in the gross profit margin to 35.49% by January 31, 2023, suggesting a possible increase in the cost of goods sold or a decrease in revenue during that period.
However, Nordstrom Inc was able to improve its gross profit margin slightly to 36.68% by January 31, 2024. This improvement could be a result of cost-cutting measures or an increase in sales prices.
By February 3, 2024, there was a notable recovery in the gross profit margin to 63.62%, indicating a more efficient management of costs and improved sales performance.
Finally, as of January 31, 2025, the gross profit margin stood at 37.43%, showing modest growth compared to the previous year.
Overall, Nordstrom Inc's gross profit margin has shown variability, but the company has demonstrated the ability to adapt and manage its costs effectively to maintain a healthy margin. It is essential for the company to continue monitoring and optimizing its cost structure to ensure sustainable profitability.
Peer comparison
Jan 31, 2025