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%.
NYSE:LZB'
s Gross Margin % Range Over the Past 10 Years
Min: 29.85 Med: 36.87 Max: 43.61
Current: 43.61
29.85
-
43.61
During the past 13 years, the highestGross Margin % of La-Z-Boy was 43.61%. The lowest was 29.85%. And the median was 36.87%.
La-Z-Boy had a gross margin of 42.80% for the quarter that ended in Jan. 2021 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for La-Z-Boy was 3.00% per year.
La-Z-Boy Gross Margin % 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 Margin %
38.35
40.08
39.32
40.25
42.34
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 Margin %
41.95
46.75
40.76
43.68
42.80
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 Margin % Distribution
* The bar in red indicates where La-Z-Boy's Gross Margin % falls into.
* 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 Margin % 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
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Excel Add-In GURUF
API
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
My Gurus
1.76(4.25%) Volume: 223,576 1:15PM EST
Email Alerts
Stock PDF
RSS
Website
Filings
Manual of Stocks™ Web APP
NYSE:LZB has been successfully added to your 
