La-Z-Boy Incorporated (LZB)
Operating profit margin
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 150,796 | 211,439 | 206,756 | 136,736 | 118,762 |
| Revenue | US$ in thousands | 2,047,030 | 2,349,430 | 2,356,810 | 1,734,240 | 1,703,980 |
| Operating profit margin | 7.37% | 9.00% | 8.77% | 7.88% | 6.97% |
April 27, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $150,796K ÷ $2,047,030K
= 7.37%
The operating profit margin of La-Z-Boy Incorporated has shown some fluctuations over the past five years. In the most recent fiscal year ending on April 27, 2024, the operating profit margin was 7.37%, a decrease from the previous year's 9.00%. This indicates a decline in the company's ability to generate profits from its core operations compared to the prior year.
Looking at the trend over the past five years, the operating profit margin has generally been above 7%, with the highest margin of 9.00% recorded in the fiscal year ending on April 29, 2023. Despite some fluctuations, the company has maintained a relatively stable operating profit margin range between 6.97% to 9.00% during this period.
Overall, La-Z-Boy Incorporated has demonstrated a consistent ability to generate profits from its core operations, with the operating profit margin staying within a reasonable range over the past five years. However, the recent decrease in the operating profit margin compared to the prior year may require further analysis to understand the factors contributing to this decline and assess the company's financial performance.
Peer comparison
Apr 27, 2024