Nordstrom Inc (JWN)

Pretax margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	147,000	117,000	10,000	12,000	337,000	443,000	563,000	506,000	246,000	-38,000	-71,000	-603,000	-1,228,000	-946,000	-831,000	-217,000	683,000	729,000	636,000	661,000
Revenue (ttm)	US$ in thousands	14,693,000	14,592,000	14,818,000	15,141,000	15,529,000	15,696,000	15,787,000	15,349,000	14,789,000	13,948,000	13,400,000	11,605,000	10,715,000	11,607,000	12,190,000	14,200,000	15,524,000	15,470,000	15,546,000	15,741,000
Pretax margin		1.00%	0.80%	0.07%	0.08%	2.17%	2.82%	3.57%	3.30%	1.66%	-0.27%	-0.53%	-5.20%	-11.46%	-8.15%	-6.82%	-1.53%	4.40%	4.71%	4.09%	4.20%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $147,000K ÷ $14,693,000K
= 1.00%

The pretax margin of Nordstrom Inc has shown some fluctuations over the past several quarters. The company's pretax margin was relatively stable in early 2022, ranging from 1.66% to 3.57%. However, in recent quarters, the pretax margin has been more volatile, with fluctuations between negative figures and positive percentages.

The pretax margin dipped significantly in the first half of 2021, reaching a low of -11.46% in January 2021, indicating challenges in profitability during that period. Subsequently, the company saw some improvement with positive pretax margins in the following quarters.

Overall, the pretax margin for Nordstrom Inc has shown variability, indicating fluctuations in the company's ability to generate profits before taxes. It is essential for investors and stakeholders to monitor these trends closely to assess the company's financial performance and stability.