Macy’s Inc (M)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 148,000 | 501,000 | 792,000 | -5,750,000 | -220,000 |
| Revenue | US$ in thousands | 23,866,000 | 25,449,000 | 24,097,000 | 17,123,000 | 24,489,000 |
| Gross profit margin | 0.62% | 1.97% | 3.29% | -33.58% | -0.90% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $148,000K ÷ $23,866,000K
= 0.62%
Macy's Inc has seen fluctuations in its gross profit margin over the past five years. In the most recent fiscal year, ending February 3, 2024, the gross profit margin was reported at 0.62%, representing a significant decline compared to the previous year's margin of 1.97%. This downward trend is consistent with the negative gross profit margins witnessed in fiscal year 2021 and 2020, indicating operational challenges and potentially ineffective cost management strategies during those periods.
On the positive side, the gross profit margin for the fiscal year ending January 29, 2022, showed a notable improvement to 3.29%, suggesting that Macy's made efforts to enhance its profitability through better pricing strategies, cost controls, or product mix optimization. Overall, Macy's gross profit margin performance reflects a mix of challenges and improvements in managing costs and generating revenue, highlighting the company's ongoing efforts to enhance operational efficiency and financial performance.
Peer comparison
Feb 3, 2024