La-Z-Boy Incorporated (LZB)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 122,626 | 117,691 | 120,777 | 139,655 | 150,664 | 173,759 | 170,500 | 163,939 | 150,017 | 130,045 | 130,810 | 126,229 | 106,461 | 71,260 | 76,540 | 64,198 | 77,469 | 76,702 | 70,921 | 68,340 |
| 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 |
| Net profit margin | 5.99% | 5.73% | 5.68% | 6.27% | 6.41% | 7.03% | 6.90% | 6.73% | 6.37% | 5.93% | 6.26% | 6.40% | 6.14% | 4.50% | 4.82% | 4.07% | 4.55% | 4.28% | 3.98% | 3.85% |
April 27, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $122,626K ÷ $2,047,027K
= 5.99%
The net profit margin of La-Z-Boy Incorporated has displayed some variability over the past several quarters. It ranged from a low of 3.85% in July 2019 to a high of 7.03% in January 2023. The trend indicates a generally positive performance, although there are fluctuations in profitability.
In the most recent quarter, ending April 27, 2024, the net profit margin stood at 5.99%, implying that for every dollar of revenue generated, the company retained approximately 5.99 cents as profit after accounting for all expenses. This figure reflects a slight increase from the previous quarter's 5.73%.
Overall, La-Z-Boy's net profit margin has shown resilience, remaining above 5% consistently, which suggests effective cost management and operational efficiency. However, the company should continue monitoring and striving to improve this metric to enhance profitability and shareholder value.
Peer comparison
Apr 27, 2024