La-Z-Boy Incorporated (LZB)
Pretax margin
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 163,742 | 156,402 | 164,309 | 189,530 | 204,512 | 236,309 | 230,564 | 222,347 | 203,180 | 176,588 | 179,106 | 172,276 | 144,845 | 106,809 | 112,923 | 96,459 | 113,658 | 105,054 | 97,825 | 93,010 |
| Revenue (ttm) | US$ in thousands | 2,047,027 | 2,054,779 | 2,127,096 | 2,226,993 | 2,349,433 | 2,472,712 | 2,471,562 | 2,436,119 | 2,356,811 | 2,191,715 | 2,090,338 | 1,973,569 | 1,734,244 | 1,582,055 | 1,587,715 | 1,575,807 | 1,703,982 | 1,790,492 | 1,782,218 | 1,774,339 |
| Pretax margin | 8.00% | 7.61% | 7.72% | 8.51% | 8.70% | 9.56% | 9.33% | 9.13% | 8.62% | 8.06% | 8.57% | 8.73% | 8.35% | 6.75% | 7.11% | 6.12% | 6.67% | 5.87% | 5.49% | 5.24% |
April 27, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $163,742K ÷ $2,047,027K
= 8.00%
The pretax margin of La-Z-Boy Incorporated has exhibited some fluctuations over the historical period provided. The average pretax margin appears to be around 8%, with some variability from quarter to quarter. Generally, the company has maintained a pretax margin within the range of 7% to 9%, indicating a relatively consistent level of profitability before taxes.
The pretax margin reached its highest point in January 2023 at 9.56%, suggesting a strong performance during that period. However, in July 2021 and October 2020, the pretax margin dipped to 6.12% and 5.87% respectively, reflecting potential challenges faced by the company in those quarters.
Overall, La-Z-Boy Incorporated has managed to sustain a healthy pretax margin, which is an important indicator of operational efficiency and cost management. It is essential for the company to monitor and analyze the factors contributing to fluctuations in the pretax margin to ensure continued profitability and financial stability.
Peer comparison
Apr 27, 2024