Macy’s Inc (M)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 383,000 | 1,130,000 | 1,236,000 | 1,511,000 | 1,730,000 | 2,069,000 | 2,400,000 | 2,598,000 | 2,350,000 | 1,736,000 | 1,086,000 | -142,000 | -4,476,000 | -4,318,000 | -4,139,000 | -3,353,000 | 969,000 | 1,460,000 | 1,555,000 | 1,703,000 |
| 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 |
| Operating profit margin | 1.60% | 4.69% | 5.04% | 6.03% | 6.80% | 8.11% | 9.48% | 10.38% | 9.75% | 7.80% | 5.19% | -0.75% | -25.84% | -22.77% | -20.45% | -15.08% | 3.91% | 5.84% | 6.16% | 6.73% |
February 3, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $383,000K ÷ $23,866,000K
= 1.60%
The operating profit margin of Macy's Inc has shown fluctuations over the past several quarters. The trend indicates a decline in operating profit margin from the positive range during May 2019 to Oct 2021, with a notable decrease in the most recent quarters.
The operating profit margin decreased from 1.60% in Feb 3, 2024, to -25.84% in Jan 30, 2021, indicating a significant decline in profitability. The negative operating profit margins in the last few quarters suggest that the company's operating expenses have exceeded its operating income, resulting in losses.
It is evident that Macy's Inc needs to effectively manage its operating expenses and improve operational efficiency to enhance its profitability and return to a positive operating profit margin. The negative trend in operating profit margin highlights the need for strategic cost control measures and revenue-enhancing strategies to ensure sustainable financial performance in the upcoming periods.
Peer comparison
Feb 3, 2024