Nordstrom Inc (JWN)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,348,000 | 10,404,000 | 9,748,000 | 6,328,000 | 5,200,000 |
| Revenue | US$ in thousands | 14,693,000 | 15,530,000 | 14,789,000 | 10,715,000 | 15,524,000 |
| Gross profit margin | 63.62% | 66.99% | 65.91% | 59.06% | 33.50% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,348,000K ÷ $14,693,000K
= 63.62%
Over the past five years, Nordstrom Inc's gross profit margin has shown a fluctuating trend. In the most recent fiscal year, ending on February 3, 2024, the gross profit margin was 63.62%, indicating a decrease compared to the previous year's margin of 66.99%. This decline suggests a potential decrease in Nordstrom's ability to generate profit from its core operations.
Looking further back, the gross profit margin in fiscal year 2022 was 65.91%, demonstrating a slight decrease from the previous year but still relatively strong. In fiscal year 2021, the margin dropped to 59.06%, reflecting a significant decrease in profitability compared to the preceding years. Notably, in fiscal year 2020, Nordstrom experienced a substantial decrease in its gross profit margin to 33.50%, which could be attributed to various external factors such as economic downturn or strategic shifts within the company.
Overall, Nordstrom's gross profit margin has experienced variability in recent years, with the company facing challenges in maintaining consistent profitability from its sales. This trend may indicate the need for Nordstrom to closely monitor its cost management strategies and operational efficiency to enhance its profitability in the future.
Peer comparison
Feb 3, 2024