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

Company name
Symbol
Pretax margin
La-Z-Boy Incorporated
LZB
8.00%
Leggett & Platt Incorporated
LEG
-3.71%
Tempur Sealy International Inc
TPX
9.27%