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