Signet Jewelers Ltd (SIG)
Gross profit margin
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,625,600 | 2,825,400 | 3,052,100 | 3,124,000 | 1,732,500 |
| Revenue | US$ in thousands | 6,712,300 | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 |
| Gross profit margin | 39.12% | 39.23% | 38.98% | 40.01% | 33.54% |
February 1, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,625,600K ÷ $6,712,300K
= 39.12%
Signet Jewelers Ltd's gross profit margin has shown a positive trend over the past five years, increasing from 33.54% as of January 30, 2021, to 39.12% as of February 1, 2025. This improvement indicates the company's ability to effectively manage its production costs and generate more revenue from its core business activities. The rising gross profit margin suggests that Signet Jewelers Ltd has been able to maintain healthy pricing strategies, control its cost of goods sold, and potentially enhance its product mix or efficiency in operations. Overall, the consistent growth in gross profit margin reflects positively on the company's profitability and operational efficiency.