La-Z-Boy Incorporated (LZB)
Gross profit margin
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 881,670 | 964,733 | 915,969 | 740,260 | 721,445 |
| Revenue | US$ in thousands | 2,047,030 | 2,349,430 | 2,356,810 | 1,734,240 | 1,703,980 |
| Gross profit margin | 43.07% | 41.06% | 38.86% | 42.68% | 42.34% |
April 27, 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 displayed a generally positive trend over the past five years. From 2020 to 2022, there was a steady increase in the gross profit margin from 42.34% to 38.86%. However, in 2023, there was a slight decrease to 41.06%. The most recent data from 2024 shows a notable improvement in the gross profit margin to 43.07%, indicating a positive shift in profitability. Overall, the company's gross profit margin has shown variability over the years but has improved in the most recent period, suggesting potentially more effective cost management or pricing strategies.
Peer comparison
Apr 27, 2024