RH (RH)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,389,020 | 1,811,980 | 1,855,410 | 1,325,530 | 1,095,010 |
| Revenue | US$ in thousands | 2,836,370 | 3,539,340 | 3,668,920 | 2,777,900 | 2,564,930 |
| Gross profit margin | 48.97% | 51.20% | 50.57% | 47.72% | 42.69% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,389,020K ÷ $2,836,370K
= 48.97%
The gross profit margin for RH has shown some variability over the past five years. In the most recent fiscal year ending February 3, 2024, the gross profit margin stood at 48.97%, reflecting a slight decrease compared to the prior year's margin of 51.20%. Despite this decline, the margin remains relatively healthy and above the levels observed in the two preceding years, indicating the company's ability to effectively manage its cost of goods sold. The upward trend in gross profit margin from 2020 to 2023 suggests improvements in RH's profitability and operational efficiency during this period. However, the slight dip in the margin in the latest year may warrant further investigation to understand the factors contributing to this change and assess its potential impact on the company's overall financial performance.
Peer comparison
Feb 3, 2024