La-Z-Boy Incorporated (LZB)
Gross profit margin
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 881,670 | 901,663 | 923,990 | 950,869 | 976,171 | 987,322 | 971,106 | 944,917 | 915,969 | 866,832 | 848,719 | 825,979 | 740,260 | 689,876 | 688,262 | 670,096 | 721,445 | 739,512 | 729,744 | 721,760 |
| Revenue (ttm) | US$ in thousands | 2,047,027 | 2,054,779 | 2,127,096 | 2,226,993 | 2,349,433 | 2,472,712 | 2,471,562 | 2,436,119 | 2,356,811 | 2,191,715 | 2,090,338 | 1,973,569 | 1,734,244 | 1,582,055 | 1,587,715 | 1,575,807 | 1,703,982 | 1,790,492 | 1,782,218 | 1,774,339 |
| Gross profit margin | 43.07% | 43.88% | 43.44% | 42.70% | 41.55% | 39.93% | 39.29% | 38.79% | 38.86% | 39.55% | 40.60% | 41.85% | 42.68% | 43.61% | 43.35% | 42.52% | 42.34% | 41.30% | 40.95% | 40.68% |
April 27, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $881,670K ÷ $2,047,027K
= 43.07%
The gross profit margin of La-Z-Boy Incorporated has shown a fluctuating trend over the past few quarters. The margin ranged from a low of 38.79% in July 30, 2022, to a high of 43.88% in Jan 27, 2024. Overall, the company's gross profit margin has been relatively stable, with an average margin of approximately 42.55% over the period analyzed. The highest margins were observed in the more recent quarters, suggesting potential improvements in the company's cost management or pricing strategies. It is essential for the company to continue monitoring and analyzing its gross profit margin to ensure profitability and competitive positioning in the furniture industry.
Peer comparison
Apr 27, 2024