La-Z-Boy Incorporated (LZB)
Operating profit margin
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 150,796 | 150,796 | 211,439 | 211,439 | 206,756 |
| Revenue | US$ in thousands | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 | 2,356,810 |
| Operating profit margin | 7.37% | 7.37% | 9.00% | 9.00% | 8.77% |
April 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $150,796K ÷ $2,047,030K
= 7.37%
Based on the provided data, La-Z-Boy Incorporated's operating profit margin has experienced slight fluctuations over the time period indicated. In April 2022, the operating profit margin was recorded at 8.77%, showing a moderate level of profitability. By April 2023, the operating profit margin improved to 9.00%, indicating a positive trend in the company's operational efficiency.
However, in the following years, there was a dip in the operating profit margin. By April 2024, the operating profit margin decreased to 7.37%, which suggests a decline in profitability compared to the previous year. This reduction could be attributed to various factors such as increased operating expenses, changes in revenue streams, or other operational challenges.
Overall, while La-Z-Boy Incorporated's operating profit margin has shown both improvements and declines during the period in question, it is important for the company to focus on maintaining and enhancing its operational efficiency to ensure sustainable profitability in the future.
Peer comparison
Apr 30, 2024