La-Z-Boy Incorporated (LZB)
Pretax margin
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 165,752 | 163,742 | 205,789 | 204,512 | 205,491 |
| Revenue | US$ in thousands | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 | 2,356,810 |
| Pretax margin | 8.10% | 8.00% | 8.76% | 8.70% | 8.72% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $165,752K ÷ $2,047,030K
= 8.10%
The pretax margin of La-Z-Boy Incorporated has remained relatively stable over the past five years, fluctuating within a narrow range between 8.00% and 8.76%. This indicates that the company has been able to effectively manage its operating expenses in relation to its pre-tax income. The slight decrease in pretax margin from 8.76% in April 2023 to 8.00% in April 2024 may indicate a potential increase in operating expenses or a decrease in pre-tax income during that period. However, the pretax margin rebounded to 8.10% by the end of April 2024, suggesting that the company was able to improve its efficiency and profitability. Overall, La-Z-Boy's pretax margin demonstrates a consistent level of operational efficiency and financial performance over the years.
Peer comparison
Apr 30, 2024