Signet Jewelers Ltd (SIG)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,825,400 | 3,052,100 | 3,124,000 | 1,732,500 | 2,223,700 |
| Revenue | US$ in thousands | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 | 6,113,300 |
| Gross profit margin | 39.23% | 38.98% | 40.01% | 33.54% | 36.37% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,825,400K ÷ $7,202,700K
= 39.23%
Signet Jewelers Ltd has demonstrated fluctuations in its gross profit margin over the past five years. The gross profit margin was 39.23% as of February 3, 2024, representing a slight increase compared to the prior year's margin of 38.98% as of January 28, 2023. This improvement suggests that the company may have effectively managed its cost of goods sold and pricing strategies to enhance profitability.
Looking further back, the gross profit margin was higher in January 29, 2022, at 40.01%, reflecting stronger efficiency in generating revenue after deducting the cost of goods sold. However, there was a notable decrease in the margin to 33.54% as of January 30, 2021, which could indicate challenges in controlling production costs or pricing structures during that period.
The company experienced a rebound in its gross profit margin to 36.37% on February 1, 2020, after the dip in the previous year. Overall, Signet Jewelers Ltd's gross profit margin has shown some variability in recent years, and it is essential for stakeholders to monitor the trend closely to assess the company's operational performance and profitability.