Macy’s Inc (M)
Gross profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 149,000 | 647,000 | 509,000 | 541,000 | 501,000 | 724,000 | 853,000 | 1,018,000 | 814,000 | 538,000 | 80,000 | -1,024,000 | -5,254,000 | -5,056,000 | -4,793,000 | -4,019,000 | 260,000 | 692,000 | 786,000 | 927,000 |
| Revenue (ttm) | US$ in thousands | 23,866,000 | 24,074,000 | 24,503,000 | 25,057,000 | 25,449,000 | 25,519,000 | 25,304,000 | 25,040,000 | 24,097,000 | 22,264,000 | 20,925,000 | 18,914,000 | 17,325,000 | 18,967,000 | 20,244,000 | 22,238,000 | 24,752,000 | 24,995,000 | 25,251,000 | 25,316,000 |
| Gross profit margin | 0.62% | 2.69% | 2.08% | 2.16% | 1.97% | 2.84% | 3.37% | 4.07% | 3.38% | 2.42% | 0.38% | -5.41% | -30.33% | -26.66% | -23.68% | -18.07% | 1.05% | 2.77% | 3.11% | 3.66% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $149,000K ÷ $23,866,000K
= 0.62%
The gross profit margin of Macy’s Inc has exhibited fluctuations over the past few quarters. The trend can be observed as follows:
- The Gross profit margin was consistently positive from November 2019 to July 2021, ranging from 0.38% to 4.07%, indicating that for every dollar of sales, the company was able to retain a percentage as gross profit.
- However, there was a significant decline in the gross profit margin in the following quarters, notably dropping to -30.33% and -26.66% in January and October 2021 respectively, suggesting that the company's cost of goods sold exceeded its sales revenue.
- Subsequently, a gradual recovery can be seen, with the gross profit margin improving to 2.84% in October 2022 and reaching 2.69% in October 2023.
- The most recent data point for February 2024 shows a decrease to 0.62%, indicating a potential decline in profitability compared to the earlier quarters.
Overall, Macy’s Inc has experienced varying levels of gross profit margin, reflecting changes in sales revenue and cost of goods sold, which are crucial factors influencing the company's financial performance. It would be important for the company to closely monitor and manage these metrics to ensure sustainable profitability in the future.
Peer comparison
Feb 3, 2024