La-Z-Boy Incorporated (LZB)
Gross profit margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 926,418 | 915,439 | 924,157 | 906,763 | 906,674 | 889,196 | 871,718 | 864,192 | 856,666 | 894,137 | 931,608 | 961,461 | 991,314 | 980,722 | 970,130 | 976,009 | 971,458 | 993,201 | 963,082 | 940,987 |
| Revenue (ttm) | US$ in thousands | 2,109,207 | 2,091,871 | 2,123,629 | 2,103,008 | 2,107,882 | 2,065,782 | 2,023,682 | 2,004,927 | 1,986,172 | 2,036,024 | 2,085,876 | 2,176,948 | 2,268,020 | 2,318,065 | 2,368,110 | 2,399,478 | 2,430,846 | 2,504,080 | 2,464,321 | 2,431,803 |
| Gross profit margin | 43.92% | 43.76% | 43.52% | 43.12% | 43.01% | 43.04% | 43.08% | 43.10% | 43.13% | 43.92% | 44.66% | 44.17% | 43.71% | 42.31% | 40.97% | 40.68% | 39.96% | 39.66% | 39.08% | 38.70% |
April 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $926,418K ÷ $2,109,207K
= 43.92%
The gross profit margin of La-Z-Boy Incorporated has exhibited a generally upward trend over the specified period, reflecting progressive improvements in profitability at the gross level. Beginning with a margin of approximately 38.70% as of July 30, 2022, the margin experienced steady increases, reaching around 43.92% by April 30, 2025. This progression indicates that the company has enhanced its ability to generate profit from sales after covering the cost of goods sold.
Throughout the observed period, minor fluctuations occurred, with the gross profit margin peaking temporarily at approximately 44.66% in July 2023, before settling at around 43.01% to 43.92% during subsequent quarters. These slight declines and recoveries suggest periods of operational adjustments or fluctuating input costs, but the overall trajectory remains positive.
The continuous increase in gross profit margin implies effective management of production costs, pricing strategies, or a favorable product mix, contributing to improved profitability. The stabilization of margins in recent periods indicates that the company has reached a relatively consistent level of gross profitability, maintaining margins in the low 43% range.
Overall, the data portrays La-Z-Boy Incorporated as a company that has successfully improved its gross profitability over the analyzed timeframe, demonstrating a resilient cost management approach and effective sales strategies that support sustained margin enhancement.
Peer comparison
Apr 30, 2025