GURUFOCUS.COM » STOCK LIST » USA » NYSE » Macy's Inc (NYSE:M) » Definitions » Gross Margin %
Switch to:

Macy's Gross Margin %

: 41.67% (As of Apr. 2022)
View and export this data going back to 1992. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Macy's's Gross Profit for the three months ended in Apr. 2022 was $2,308 Mil. Macy's's Revenue for the three months ended in Apr. 2022 was $5,539 Mil. Therefore, Macy's's Gross Margin % for the quarter that ended in Apr. 2022 was 41.67%.

Warning Sign:

Macy's Inc gross margin has been in long-term decline. The average rate of decline per year is -2.1%.


The historical rank and industry rank for Macy's's Gross Margin % or its related term are showing as below:

M' s Gross Margin % Range Over the Past 10 Years
Min: 32.11   Med: 40.2   Max: 41.08
Current: 41.08


During the past 13 years, the highest Gross Margin % of Macy's was 41.08%. The lowest was 32.11%. And the median was 40.20%.

M's Gross Margin % is ranked better than
57.38% of 1098 companies
in the Retail - Cyclical industry
Industry Median: 37.74 vs M: 41.08

Macy's had a gross margin of 41.67% for the quarter that ended in Apr. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Macy's was -2.10% per year.


Macy's Gross Margin % Historical Data

The historical data trend for Macy's's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macy's Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.79 40.89 40.11 32.11 40.87

Macy's Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.62 42.62 43.27 38.33 41.67

Competitive Comparison

For the Department Stores subindustry, Macy's's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Macy's Gross Margin % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Macy's's Gross Margin % falls into.



Macy's Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Macy's's Gross Margin for the fiscal year that ended in Jan. 2022 is calculated as

Gross Margin % (A: Jan. 2022 )=Gross Profit (A: Jan. 2022 ) / Revenue (A: Jan. 2022 )
=10336 / 25292
=(Revenue - Cost of Goods Sold) / Revenue
=(25292 - 14956) / 25292
=40.87 %

Macy's's Gross Margin for the quarter that ended in Apr. 2022 is calculated as


Gross Margin % (Q: Apr. 2022 )=Gross Profit (Q: Apr. 2022 ) / Revenue (Q: Apr. 2022 )
=2308 / 5539
=(Revenue - Cost of Goods Sold) / Revenue
=(5539 - 3231) / 5539
=41.67 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Macy's  (NYSE:M) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Macy's had a gross margin of 41.67% for the quarter that ended in Apr. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Macy's Gross Margin % Related Terms

Thank you for viewing the detailed overview of Macy's's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Macy's Business Description

Macy's logo
Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates 570 stores under the Macy's nameplate, 58 stores under the Bloomingdale's nameplate, and 160 freestanding Bluemercury specialty beauty stores (as of the end of fiscal-year 2021). Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances comprised 59% of Macy's 2021 sales.
Executives
Granoff Jill director LIZ CLAIBORNE, INC. 1441 BROADWAY NEW YORK NY 10018
Chandoha Marie A director C/O THE CHARLES SCHWAB CORPORATION 211 MAIN STREET SAN FRANCISCO CA 94105
Zhen Tracey director C/O MACY'S, INC. 145 PROGRESS PLACE SPRINGDALE OH 45246
Buchanan Ashley director C/O THE MICHAELS COMPANIES, INC. 8000 BENT BRANCH DRIVE IRVING TX 75063
Mitchell Adrian V officer: Chief Financial Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Griscom Paul officer: Interim Principal Acctg. Offr. C/O MACY'S, INC. 145 PROGRESS PLACE SPRINGDALE OH 45246
Harper John T. officer: Chief Operations Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Boone Torrence director 3308 N MITTHOEFFER INDIANAPOLIS IN 46235
Abney David P director 55 GLENLAKE PARWAY, NE ATLANTA GA 30328
Price Paula A officer: Chief Financial Officer ONE CVS DRIVE WOONSOCKET RI 02895
Kirgan Danielle L. officer: Chief Human Resources Officer C/O MACY'S, INC. 151 WEST 34TH STREET NEW YORK NY 10001
Lawton Iii Harry A officer: President C/O EBAY INC. 2065 SAN JOSE CA 95125
Spring Antony officer: Chairman & CEO, Bloomingdale's C/O MACY'S, INC. 7 WEST SEVENTH STREET CINCINNATI OH 45202
Lennox Richard A officer: Chief Marketing Officer C/O MACYS, INC. 7 WEST SEVENTH STREET CINCINNATI OH 45202
Garcia C Elisa D officer: Chief Legal Officer 151 WEST 34TH STREET NEW YORK NY 10001

Macy's Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)