Signet Jewelers Ltd (SIG)
Pretax margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 639,800 | 451,200 | 884,400 | -89,700 | 129,700 |
| Revenue | US$ in thousands | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 | 6,113,300 |
| Pretax margin | 8.88% | 5.76% | 11.33% | -1.74% | 2.12% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $639,800K ÷ $7,202,700K
= 8.88%
Signet Jewelers Ltd's pretax margin has fluctuated over the past five years. In fiscal year 2024, the pretax margin stood at 8.88%, showing an improvement from the previous year's 5.76%. This indicates that the company's ability to generate profits before taxes relative to its total revenue has strengthened. It is noteworthy that the pretax margin in fiscal year 2022 was significantly higher at 11.33%, reflecting a more profitable period for the company. In fiscal year 2021, the pretax margin was negative at -1.74%, signifying that the company incurred losses before accounting for taxes. However, the pretax margin recovered in fiscal year 2020 to 2.12%, indicating a return to profitability after the loss-making year. Overall, Signet Jewelers Ltd's pretax margin performance has shown variability, with the company experiencing both periods of profitability and losses during the past five years.