La-Z-Boy's gross profit for the
three
months ended in Jan. 2021 was $201 Mil. La-Z-Boy's gross profit for the trailing twelve months (TTM) ended in Jan. 2021 was $690 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. La-Z-Boy's gross profit for the
three
months ended in Jan. 2021 was $201 Mil. La-Z-Boy's Revenue for the
three
months ended in Jan. 2021 was $470 Mil. Therefore, La-Z-Boy's Gross Margin % for the quarter that ended in Jan. 2021 was 42.80%.
La-Z-Boy had a gross margin of 42.80% for the quarter that ended in Jan. 2021 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of La-Z-Boy was 42.34%. The lowest was 29.85%. And the median was 36.87%.
La-Z-Boy Gross Profit Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
La-Z-Boy Annual Data
Apr11
Apr12
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Gross Profit
584.98
609.30
622.75
702.57
721.45
La-Z-Boy Quarterly Data
Apr16
Jul16
Oct16
Jan17
Apr17
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Gross Profit
199.64
171.71
116.36
200.56
201.25
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.
La-Z-Boy Gross Profit Distribution
* The bar in red indicates where La-Z-Boy's Gross Profit falls into.
La-Z-Boy Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
La-Z-Boy's Gross Profit for the fiscal year that ended in Apr. 2020 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
La-Z-Boy (NYSE:LZB) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
La-Z-Boy had a gross margin of 42.80% for the quarter that ended in Jan. 2021 => Durable competitive advantage
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