Signet Jewelers Ltd (SIG)
Pretax margin
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 124,200 | 639,800 | 451,200 | 884,400 | -89,700 |
| Revenue | US$ in thousands | 6,712,300 | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 |
| Pretax margin | 1.85% | 8.88% | 5.76% | 11.33% | -1.74% |
February 1, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $124,200K ÷ $6,712,300K
= 1.85%
Based on the data provided, Signet Jewelers Ltd's pretax margin has fluctuated over the past five years. The pretax margin was negative at -1.74% on January 30, 2021, indicating that the company had incurred losses before taxes.
However, there was a significant improvement in pretax margin to 11.33% on January 29, 2022, reflecting a strong performance in generating profits before tax. The pretax margin then decreased to 5.76% on January 28, 2023, suggesting a slight decline in the company's profitability.
On February 3, 2024, the pretax margin improved to 8.88%, indicating a recovery in profitability. However, the pretax margin fell again to 1.85% on February 1, 2025, showing a decline in profitability compared to the previous year.
Overall, Signet Jewelers Ltd's pretax margin has shown variability over the years, with periods of improvement and decline. It is essential for the company to closely monitor and manage its operational efficiency and cost structure to enhance profitability in the future.