Macy’s Inc (M)
Pretax margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 764,000 | 226,000 | 88,000 | -61,000 | -113,000 | -41,000 | 32,000 | 197,000 | 362,000 | 1,029,000 | 1,696,000 | 1,610,000 | 1,524,000 | 1,251,000 | 978,000 | 1,245,000 | 2,102,000 | 2,720,000 | 2,650,000 | 2,552,000 |
| Revenue (ttm) | US$ in thousands | 23,006,000 | 23,374,000 | 26,846,000 | 26,788,000 | 26,826,000 | 23,731,000 | 20,636,000 | 20,771,000 | 20,906,000 | 24,152,000 | 27,455,000 | 27,749,000 | 28,043,000 | 25,321,000 | 22,572,000 | 22,644,000 | 26,106,000 | 28,955,000 | 28,774,000 | 28,487,000 |
| Pretax margin | 3.32% | 0.97% | 0.33% | -0.23% | -0.42% | -0.17% | 0.16% | 0.95% | 1.73% | 4.26% | 6.18% | 5.80% | 5.43% | 4.94% | 4.33% | 5.50% | 8.05% | 9.39% | 9.21% | 8.96% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $764,000K ÷ $23,006,000K
= 3.32%
The pretax margin of Macy’s Inc has shown fluctuations over the years, with a general downward trend observed from October 2022 to July 2023. The margin declined from 5.50% in October 2022 to 1.73% in July 2023. However, there was a slight recovery in the following period, with the margin increasing to 6.18% by April 30, 2023.
Subsequently, there was another significant decline in the pretax margin, reaching a low of 0.16% in October 2023. The margin turned negative in the following periods, hitting -0.42% by February 3, 2024. However, there was a gradual improvement afterward, with the pretax margin returning to positive territory in July 2024 at 0.33%.
By January 31, 2025, Macy’s Inc saw a notable improvement in its pretax margin, reaching 3.32%. It is evident that the company faced challenges in maintaining a consistent and high pretax margin during the period under review, indicating the need for strategic adjustments to enhance profitability.
Peer comparison
Jan 31, 2025