Macy’s Inc (M)
Gross profit margin
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,266,000 | 148,000 | 9,723,000 | 9,999,000 | 501,000 |
| Revenue | US$ in thousands | 23,006,000 | 23,866,000 | 23,866,000 | 23,866,000 | 25,449,000 |
| Gross profit margin | 40.28% | 0.62% | 40.74% | 41.90% | 1.97% |
January 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,266,000K ÷ $23,006,000K
= 40.28%
Based on the provided data, Macy's Inc gross profit margin has shown significant fluctuations over the years. The gross profit margin for the period ending January 28, 2023, was at a low of 1.97%, indicating a very narrow margin between the cost of goods sold and the revenue generated.
However, there was a substantial improvement in the gross profit margin for the period ending January 31, 2023, recording a much healthier margin of 41.90%. This suggests that Macy's was able to effectively manage its cost of goods sold and increase its profitability during that period.
In the following year, as of January 31, 2024, the gross profit margin slightly decreased to 40.74%, still indicating a strong performance in terms of generating profits from its core operations.
There was a sharp decline in the gross profit margin for the period ending February 3, 2024, dropping to 0.62%. Such a steep decline may be a cause for concern as it could indicate issues with cost management or a decrease in revenue relative to the cost of goods sold.
Lastly, as of January 31, 2025, the gross profit margin improved to 40.28%, showing a recovery from the low point in February 2024 and demonstrating Macy's ability to adapt and enhance its profitability.
Overall, while the gross profit margin of Macy's Inc exhibits fluctuations, the company has shown resilience and the ability to navigate through challenges to maintain a relatively healthy margin in recent years.
Peer comparison
Jan 31, 2025