La-Z-Boy Incorporated (LZB)

Gross profit margin

Apr 30, 2025 Apr 30, 2024 Apr 27, 2024 Apr 30, 2023 Apr 29, 2023
Gross profit US$ in thousands 926,418 881,670 881,670 1,008,700 964,733
Revenue US$ in thousands 2,109,210 2,047,030 2,047,030 2,349,430 2,349,430
Gross profit margin 43.92% 43.07% 43.07% 42.93% 41.06%

April 30, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $926,418K ÷ $2,109,210K
= 43.92%

The gross profit margin of La-Z-Boy Incorporated demonstrates a generally favorable trend over the periods examined. As of April 29, 2023, the gross profit margin was recorded at 41.06%. This increased slightly to 42.93% by April 30, 2023, indicating an improvement in the company's ability to generate gross profit relative to its sales during that period. The following year, the margin further improved, reaching 43.07% on April 27, 2024, and maintaining that level on April 30, 2024, reflecting stability in gross profitability. The data for April 30, 2025, shows a continued upward trajectory, with the gross profit margin rising to 43.92%.

Overall, the consistent upward movement in gross profit margin over the reported periods suggests that La-Z-Boy Incorporated has been effectively managing its cost of goods sold and improving its gross profitability, potentially due to better pricing strategies, product mix, or cost control measures. The margins remain in a relatively narrow range, indicating stability and moderate growth in gross profitability.


Peer comparison

Apr 30, 2025

Company name
Symbol
Gross profit margin
La-Z-Boy Incorporated
LZB
43.92%
Leggett & Platt Incorporated
LEG
100.00%
Somnigroup International Inc.
SGI
44.21%