Signet Jewelers Ltd (SIG)
Pretax margin
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 124,200 | 397,100 | 402,300 | 591,500 | 639,800 | 579,600 | 608,100 | 696,800 | 451,200 | 481,100 | 540,700 | 580,800 | 884,400 | 772,900 | 701,800 | 381,800 | -89,700 | -168,200 | -240,300 | -173,700 |
| Revenue (ttm) | US$ in thousands | 6,712,300 | 6,880,500 | 6,926,400 | 7,048,500 | 7,202,700 | 7,348,300 | 7,533,100 | 7,669,400 | 7,830,100 | 7,967,900 | 7,923,300 | 7,954,800 | 7,807,100 | 7,169,500 | 6,926,400 | 6,014,800 | 5,173,500 | 5,165,200 | 5,061,200 | 5,553,800 |
| Pretax margin | 1.85% | 5.77% | 5.81% | 8.39% | 8.88% | 7.89% | 8.07% | 9.09% | 5.76% | 6.04% | 6.82% | 7.30% | 11.33% | 10.78% | 10.13% | 6.35% | -1.73% | -3.26% | -4.75% | -3.13% |
February 1, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $124,200K ÷ $6,712,300K
= 1.85%
Signet Jewelers Ltd's pretax margin has shown fluctuations over the past few years. The company experienced negative pretax margins in the fiscal years ending in 2020 and early 2021, indicating that its expenses were surpassing its pre-tax income during those periods. However, the pretax margin turned positive in May 2021 and continued to improve through July 2022, reaching double-digit percentages.
During the latter part of 2022 and into early 2023, the pretax margin declined slightly but remained relatively stable around 6-9%. The pretax margin peaked at 11.33% in January 2022, showcasing a strong performance in profitability. However, in February 2025, the pretax margin dropped significantly to 1.85%, indicating a decrease in profitability.
Overall, Signet Jewelers Ltd's pretax margin demonstrates a mix of positive and negative trends, with periods of improvement followed by slight declines. The company should continue to monitor its expenses and revenue streams to sustain and enhance its profitability levels in the future.