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