La-Z-Boy Incorporated (LZB)

Pretax margin

Apr 30, 2025 Apr 30, 2024 Apr 27, 2024 Apr 30, 2023 Apr 29, 2023
Earnings before tax but after interest (EBT) US$ in thousands 147,134 165,752 163,742 205,789 204,512
Revenue US$ in thousands 2,109,210 2,047,030 2,047,030 2,349,430 2,349,430
Pretax margin 6.98% 8.10% 8.00% 8.76% 8.70%

April 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $147,134K ÷ $2,109,210K
= 6.98%

The pretax margin of La-Z-Boy Incorporated has exhibited fluctuations over the observed periods. As of April 29, 2023, the pretax margin stood at approximately 8.70%, indicating the proportion of earnings before taxes relative to revenue at that time. A slight increase was noted by April 30, 2023, with the margin rising marginally to 8.76%. However, the following year, the pretax margin experienced a decline, reaching 8.00% on April 27, 2024, and maintaining a similar level of 8.10% by April 30, 2024. The most recent data point shows a further decrease, with the pretax margin falling to 6.98% on April 30, 2025.

This trend suggests a gradual compression of profitability before taxes over the analyzed period, with the margin decreasing from its early 2023 levels to the latest figures in 2025. The observed decline indicates that, relative to revenue, the company's earnings before taxes have contracted, potentially due to factors such as increased costs, competitive pressures, or changes in revenue mix. Overall, the pretax margin trends depict a pattern of diminishing pre-tax profitability in recent years, warranting further analysis into underlying operational or market conditions affecting these margins.


Peer comparison

Apr 30, 2025

Company name
Symbol
Pretax margin
La-Z-Boy Incorporated
LZB
6.98%
Leggett & Platt Incorporated
LEG
-67.97%
Somnigroup International Inc.
SGI
10.23%