Victoria's Secret & Co (VSCO)
Pretax margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 141,000 | 139,000 | 264,000 | 348,000 | 428,000 | 524,000 | 589,000 | 702,000 |
| Revenue (ttm) | US$ in thousands | 6,083,000 | 6,029,000 | 6,093,000 | 6,198,000 | 6,285,000 | 6,459,000 | 6,585,000 | 6,688,000 |
| Pretax margin | 2.32% | 2.31% | 4.33% | 5.61% | 6.81% | 8.11% | 8.94% | 10.50% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $141,000K ÷ $6,083,000K
= 2.32%
Based on the data provided, Victoria's Secret & Co's pretax margin has shown a downward trend over the past several quarters. The pretax margin was strongest in the earlier periods, reaching a peak of 10.50% in April 2022, but has since declined to 2.32% by February 2024.
This indicates that the company's profitability before taxes has been contracting over time. A declining pretax margin may suggest challenges in managing costs effectively or fluctuations in revenue performance. It is important for the company to closely monitor its cost structure and revenue generation strategies to improve profitability and maintain sustainable financial health in the future.
Peer comparison
Feb 3, 2024