La-Z-Boy Incorporated (LZB)
Gross profit margin
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 881,670 | 881,670 | 1,008,700 | 964,733 | 915,969 |
| Revenue | US$ in thousands | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 | 2,356,810 |
| Gross profit margin | 43.07% | 43.07% | 42.93% | 41.06% | 38.86% |
April 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $881,670K ÷ $2,047,030K
= 43.07%
The gross profit margin of La-Z-Boy Incorporated has shown a positive trend over the years, starting at 38.86% in April 30, 2022, and increasing steadily to 43.07% in April 30, 2024. This upward trajectory indicates an improvement in the company's ability to control production costs and generate profits from its core operations. A rising gross profit margin is generally viewed positively by investors and stakeholders as it signifies operational efficiency and potentially higher profitability in the future.
Peer comparison
Apr 30, 2024
Company name
Symbol
Gross profit margin
La-Z-Boy Incorporated
LZB
43.07%
Leggett & Platt Incorporated
LEG
100.00%
Somnigroup International Inc.
SGI
44.21%