La-Z-Boy Incorporated (LZB)
Net profit margin
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 122,626 | 122,626 | 150,664 | 150,664 | 150,017 |
| Revenue | US$ in thousands | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 | 2,356,810 |
| Net profit margin | 5.99% | 5.99% | 6.41% | 6.41% | 6.37% |
April 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $122,626K ÷ $2,047,030K
= 5.99%
Net profit margin is a key profitability ratio that indicates how efficiently a company is generating profits from its revenue. The net profit margin for La-Z-Boy Incorporated has shown a relatively stable trend over the past few years.
In April 2022, La-Z-Boy's net profit margin was 6.37%, slightly increasing to 6.41% in April 2023. This indicates that the company was able to maintain profitability and effectively control its costs during that period.
However, in April 2024, the net profit margin decreased slightly to 5.99%, which could imply that the company may have faced some challenges in managing its expenses or experienced a decrease in revenue relative to costs.
Overall, La-Z-Boy's net profit margin has demonstrated a consistent performance, albeit with a slight decline in the most recent period. It is important for the company to continue monitoring and optimizing its cost structure to ensure sustained profitability in the future.
Peer comparison
Apr 30, 2024