LaZBoy

La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Wholesale, Retail, and Corporate and Other. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

Earnings data Q4 2021

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La-Z-Boy achieves record fiscal 2023 results, anticipates growth opportunities

La-Z-Boy reported record results for fiscal 2023, with strong performance in the retail segment and progress against their growth strategy. However, challenges include a decrease in fourth quarter sales and the need for improvement in Joybird's performance. The company remains optimistic about industry demand and sales growth in fiscal year 2024.

La-Z-Boy reports solid Q1 performance, faces sales and financial challenges

La-Z-Boy's Q1 2024 performance reflects solid operational achievements but also challenges in sales and financial metrics. The company is making progress towards a more resilient business model and growth strategy, while also addressing inventory and sales challenges.

La-Z-Boy reports record Q3 performance amidst challenges and opportunities

La-Z-Boy delivered strong financial performance in Q3 2023, driven by robust sales, earnings, and cash generation, particularly in the retail segment.
Despite challenges in the wholesale business and Joybird, the company's strategic investments and focus on efficiency position it for long-term success.
Future success hinges on navigating uncertainties, capitalizing on growth opportunities, and maintaining a commitment to profitability and operational excellence.

La-Z-Boy (LZB) reports record fiscal 2023 results, outlines growth plans

La-Z-Boy delivered strong financial performance in fiscal 2023, with a focus on operational efficiency and growth strategies for the future. Despite challenges in Joybird's sales, the company remains optimistic and committed to enhancing shareholder value.

La-Z-Boy reports resilient Q1 performance, eyes strategic growth opportunities

La-Z-Boy's Q1 2024 earnings call showcased resilience in the face of market challenges, with a strong focus on growth strategies and operational efficiency. While navigating a tough macro environment, the company remains committed to enhancing shareholder value and expanding its market presence.

La-Z-Boy reports mixed Q2 results, targets sustainable growth strategy

La-Z-Boy's Q2 performance reflects mixed results with sales growth from pre-pandemic levels but a decline year-on-year. The company aims for double-digit operating margins and industry-leading growth.
Despite challenges in sales and margins, La-Z-Boy's strategic focus on growth initiatives, cash position, and commitment to operational efficiency position it for long-term success.
Opportunities for La-Z-Boy include enhancing productivity, expanding retail operations, and navigating market challenges to achieve sustainable growth and profitability.

La-Z-Boy reports Q3 growth amidst industry challenges, eyes strategic expansion

La-Z-Boy's Q3 performance showed resilience with sales growth and margin expansion, despite industry challenges. The company's strategic focus on growth initiatives and financial strength bode well for long-term success. Addressing retail challenges and leveraging opportunities in acquisitions and brand campaigns are key priorities for sustained growth.

La-Z-Boy Q4 Earnings: Stable Sales, Strategic Expansions

La-Z-Boy's Q4 FY2024 earnings call highlighted a year of stable financial performance and strategic growth initiatives despite industry challenges. The company's strong cash position and debt-free status, combined with strategic store expansions and acquisitions, position it well for modest growth and continued market outperformance in the upcoming fiscal year.

La-Z-Boy reports solid Q1 results, eyes growth amidst challenges

La-Z-Boy's Q1 performance reflects resilience amidst industry challenges, with a focus on financial stability and strategic growth initiatives. Despite sales declines in same-store segments, opportunities lie in acquisitions and brand expansion through consumer-centric approaches.

La-Z-Boy (LZB) reports strong Q2 earnings amidst industry challenges

La-Z-Boy's Q2 2025 performance showcased growth, profitability, and strategic advancements.
Despite challenges, the company's focus on brand strength and operational efficiency remains robust.
Transition in CFO leadership signals continuity and adaptability in navigating market uncertainties.
Confidence in outperforming the market and leveraging opportunities for sustained growth.

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La-Z-Boy, Inc. engages in the production, manufacturing, and distribution of residential furniture. It operates through the following business segments: Wholesale, Retail, and Corporate and Other. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas, and imports case goods furniture, such as occasional pieces, bedroom sets, dining room sets, and entertainment centers. The Retail segment sells upholstered furniture, in addition to some case goods and other accessories to the end consumer through its company-owned La-Z-Boy Furniture Galleries stores. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy LaZBoy (LZB) Stock?

La-Z-Boy sells furniture through retail and wholesale channels, known for its reclining chairs. The company has a great expansion strategy, built on accretive store acquisitions from independently-run La-Z-Boy retail store owners. The furnishings industry has had major headwinds, which La-Z-Boy has managed to navigate resiliently.

La-Z-Boy's Accretive Expansion Strategy Is Undervalued

Here is how La-Z-Boy (LZB) and Naspers Ltd. (NPSNY) have performed compared to their sector so far this year.

Is LaZBoy (LZB) Outperforming Other Consumer Discretionary Stocks This Year?

La-Z-Boy (LZB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About La-Z-Boy (LZB) Rating Upgrade to Strong Buy

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La-Z-Boy (LZB) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Fast-paced Momentum Stock La-Z-Boy (LZB) Is Still Trading at a Bargain

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La-Z-Boy Incorporated (NYSE:LZB ) Q4 2024 Earnings Conference Call June 18, 2024 8:30 AM ET Company Participants Melinda Whittington - President, Chief Executive Officer Bob Lucian - Senior Vice President, Chief Financial Officer Mark Becks - Director of IR & Corporate Development Conference Call Participants Brad Thomas - KeyBanc Capital Market Bobby Griffin - Raymond James Operator Good morning, everyone. Welcome to the La-Z-Boy Fiscal 2024 Fourth Quarter Conference Call.

La-Z-Boy Incorporated (LZB) Q4 2024 Earnings Call Transcript

Reduced spending on furniture and home furnishings, with overall declining store visits, hurts La-Z-Boy's (LZB) fourth-quarter fiscal 2024 results.

La-Z-Boy (LZB) Q4 Earnings and Sales Beat Estimates, Down Y/Y

Shares in furniture maker La-Z-Boy (LZB) jumped more than 9% ahead of Tuesday's opening bell after the company eased investors' fears over slowing consumer spending and a sluggish housing market by announcing quarterly results and forward sales guidance that came in above analysts' expectations.

La-Z-Boy Stock Jumps on Strong Earnings, Upbeat Outlook—Watch This Price Level

La-Z-Boy (LZB) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago.

La-Z-Boy (LZB) Q4 Earnings and Revenues Surpass Estimates

Shares of La-Z-Boy Inc. rallied after hours on Monday after the maker of recliners and other furniture reported fourth-quarter results that topped expectations despite a “volatile” furniture industry hit by a largely frozen housing market.

La-Z-Boy is opening new stores, despite expectations for ‘volatile' furniture demand

Fiscal 2024 Fourth Quarter Highlights : Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter) Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarter Grew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights : Consolidated delivered sales of $2.05 billion Gross margin expansion on GAAP and Non-GAAP(1) basis, across all segments GAAP diluted EPS of $2.83 Non-GAAP(1) diluted EPS of $2.98 Generated $158 million in operating cash flow for the year Strong balance sheet with $341 million in cash and no external debt Opened six company-owned and acquired 11 independent La-Z-Boy Furniture Galleries® stores Retail (company-owned) stores now represent over half of the total La-Z-Boy Furniture Galleries® network for first time in company history Returned $85 million to shareholders through share repurchases and dividends Increased prior quarterly dividend by 10% to $0.20 in third quarter MONROE, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported fourth quarter and full year results for the period ended April 27, 2024.

La-Z-Boy Incorporated Reports Solid Fourth Quarter and Full Year Results; Operating Cash Flow of $158 million for the Full Year

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Softened demand for home furnishings space is expected to have dented La-Z-Boy's (LZB) fourth-quarter fiscal 2024 performance.

Here's What to Expect From La-Z-Boy (LZB) in Q4 Earnings

MONROE, Mich., June 03, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its Fiscal 2024 Fourth Quarter and Full Year results for the period ended April 27, 2024 after the close of trading on the New York Stock Exchange on Monday, June 17, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Tuesday, June 18, 2024.

La-Z-Boy Incorporated Announces Timing of Fiscal 2024 Fourth Quarter and Full Year Earnings Release and Conference Call

MONROE, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.20 per share. The dividend will be paid on June 14, 2024 to shareholders of record as of June 4, 2024.

La-Z-Boy Incorporated Declares Quarterly Dividend

LZB is focusing on gaining market share and strengthening operating margins amidst a weak furniture industry outlook. FY22 saw significant revenue growth and an increase in orders due to pent-up demand post-pandemic. LZB is preparing for the normalization of the furniture industry, anticipating a return to demand driven by favorable demographics and potential interest rate easing.

La-Z-Boy Incorporated: Optimism Amidst The Housing Shortage Crisis

HIGH POINT, N.C., April 19, 2024 (GLOBE NEWSWIRE) -- England Inc., a leader in customized upholstery with fast speed to market, and a subsidiary of La-Z-Boy Incorporated (NYSE: LZB), celebrated its 60th anniversary with a ribbon cutting ceremony at Furniture Market in High Point, NC this week. Terry England, President, England Inc., Tj Linz, President, Portfolio Brands, La-Z-Boy Incorporated, Melinda Whittington, President and CEO, La-Z-Boy Incorporated, employees, customers, and suppliers all participated in the celebratory event. England continues to benefit from consumers' preference for differentiation with its customized upholstery offering, which is a key competitive advantage for the brand. As it continues to invest in the business for the long term, England Furniture Inc. just revealed its newly renovated High Point showroom at April Furniture Market.

England Furniture Brand Celebrates 60th Anniversary at High Point Furniture Market

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MONROE, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 4, 2024, at 1:40 p.m. Eastern Time and archived on the Company's investor relations website at https://lazboy.gcs-web.com/ .

La-Z-Boy Incorporated to Present at Raymond James 45th Annual Institutional Investors Conference

La-Z-Boy Incorporated (LZB) Q3 2024 Earnings Call Transcript

La-Z-Boy (LZB) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.91 per share a year ago.

News for LaZBoy Stock (LZB)