Macy’s Inc (M)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,000 | 685,000 | 750,000 | 1,047,000 | 1,178,000 | 1,412,000 | 1,543,000 | 1,613,000 | 1,430,000 | 847,000 | 517,000 | -259,000 | -3,943,000 | -3,763,000 | -3,670,000 | -3,153,000 | 564,000 | 964,000 | 1,024,000 | 1,104,000 |
| 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 |
| Net profit margin | 0.44% | 2.85% | 3.06% | 4.18% | 4.63% | 5.53% | 6.10% | 6.44% | 5.93% | 3.80% | 2.47% | -1.37% | -22.76% | -19.84% | -18.13% | -14.18% | 2.28% | 3.86% | 4.06% | 4.36% |
February 3, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $106,000K ÷ $23,866,000K
= 0.44%
Macy’s Inc's net profit margin has fluctuated over the past few years. The company experienced a positive trend from May 2019 to April 2023, with the net profit margin gradually increasing from 4.36% to 4.63%. However, there was a noticeable decline in the net profit margin in the following quarter, dropping to 4.18% in July 2023, and further decreasing to 2.85% by October 2023.
The net profit margin continued to decline in the subsequent quarters, reaching 0.44% in February 2024. This significant decrease indicates a potential challenge facing Macy’s Inc in maintaining profitability.
Overall, Macy’s Inc's net profit margin has shown volatility in recent periods, reflecting potential challenges in generating sufficient profits relative to its revenue. It is important for the company to closely monitor and manage its cost structures and revenue streams to improve its profitability in the future.
Peer comparison
Feb 3, 2024