Oxford Industries Inc (OXM)

Gross profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Gross profit	US$ in thousands	995,585	888,855	706,218	415,207	644,967
Revenue	US$ in thousands	1,573,230	1,414,130	1,145,750	748,833	1,123,790
Gross profit margin		63.28%	62.86%	61.64%	55.45%	57.39%

February 3, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $995,585K ÷ $1,573,230K
= 63.28%

Oxford Industries Inc has demonstrated a consistent improvement in its gross profit margin over the past five years, with the ratio increasing from 57.39% in fiscal year 2020 to 63.28% in fiscal year 2024. This upward trend indicates the company's ability to effectively manage its production costs and pricing strategies to generate higher profits on sales. The company's gross profit margin surpassed 60% in the last two fiscal years, reflecting strong operational efficiency and pricing power. The significant increase from 55.45% in fiscal year 2021 to 61.64% in fiscal year 2022 highlights a notable improvement in profitability. Overall, Oxford Industries Inc's consistently improving gross profit margin is a positive indicator of its financial health and operational effectiveness.