Macy’s Inc (M)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 125,000 | 864,000 | 943,000 | 1,337,000 | 1,518,000 | 1,863,000 | 2,032,000 | 2,118,000 | 1,866,000 | 1,198,000 | 687,000 | -492,000 | -4,789,000 | -4,654,000 | -4,433,000 | -3,588,000 | 732,000 | 1,249,000 | 1,319,000 | 1,402,000 |
| 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 |
| Pretax margin | 0.52% | 3.59% | 3.85% | 5.34% | 5.96% | 7.30% | 8.03% | 8.46% | 7.74% | 5.38% | 3.28% | -2.60% | -27.64% | -24.54% | -21.90% | -16.13% | 2.96% | 5.00% | 5.22% | 5.54% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $125,000K ÷ $23,866,000K
= 0.52%
The pretax margin of Macy's Inc has varied over the last few quarters. In the most recent period ending on February 3, 2024, the pretax margin stood at 0.52%, indicating that the company retained approximately 0.52% of its revenue as profit before taxes. This figure represents a decline compared to the previous quarter, where the pretax margin was 3.59%.
Looking back over the past quarters, the pretax margin has shown fluctuations. The highest pretax margin was recorded on May 4, 2019, at 5.54%, and the lowest was on January 30, 2021, with a negative pretax margin of -27.64%.
Overall, the trend in pretax margin for Macy's Inc has not been consistent, showing both positive and negative margins. It is essential for the company to closely monitor and manage its operating expenses, revenue generation, and tax obligations to ensure sustained profitability and financial health.
Peer comparison
Feb 3, 2024