La-Z-Boy Incorporated (LZB)
Net profit margin
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 122,626 | 150,664 | 150,017 | 106,461 | 77,469 |
| Revenue | US$ in thousands | 2,047,030 | 2,349,430 | 2,356,810 | 1,734,240 | 1,703,980 |
| Net profit margin | 5.99% | 6.41% | 6.37% | 6.14% | 4.55% |
April 27, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $122,626K ÷ $2,047,030K
= 5.99%
The net profit margin of La-Z-Boy Incorporated has shown slight fluctuations over the past five years, ranging from 4.55% in April 2020 to 6.41% in April 2023. In the most recent period ending on April 27, 2024, the net profit margin stands at 5.99%. This ratio indicates that for every dollar of revenue generated, the company is able to retain approximately 5.99 cents as net profit after accounting for all expenses. The variations in the net profit margin over the years may be attributed to changes in revenue, costs of goods sold, operating expenses, and other factors affecting the company's profitability. It is essential for stakeholders to monitor this metric over time to assess the company's efficiency in generating profits relative to its revenue.
Peer comparison
Apr 27, 2024