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.

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La-Z-Boy reported its fiscal Q1 earnings which beat expectations, brushing aside concerns of a slowdown in consumer demand. Higher margins support continued earnings growth.

La-Z-Boy Stock: Strong Q1 Report Supports A Bullish Outlook

La-Z-Boy Incorporated (NYSE:LZB ) Q1 2023 Earnings Conference Call August 24, 2022 8:30 AM ET Company Participants Melinda Whittington - President, Chief Executive Officer Bob Lucian - Senior Vice President, Chief Financial Officer Kathy Liebmann - Director, Investor Relations and Corporate Communications Conference Call Participants Anthony Lebiedzinski - Sidoti Brad Thomas - Keybanc Capital Alessandra Jimenez - Raymond James Operator Good morning ladies and gentlemen and welcome to the La-Z-Boy fiscal 2023 first quarter conference call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comments after the presentation.

La-Z-Boy (LZB) CEO, Melinda Whittington on Q1 2023 Results - Earnings Call Transcript

La-Z-Boy Inc. shares rose in the extended session Tuesday after the recliner and furniture maker's quarterly results and outlook outpaced Wall Street estimates.

La-Z-Boy stock rallies on earnings beat

MONROE, Mich., Aug. 23, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record-setting first-quarter results for the quarter ended July 30, 2022.

La-Z-Boy Reports Record Fiscal 2023 First-Quarter Results

MONROE, Mich., Aug. 15, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2023 first-quarter results after the close of trading on the New York Stock Exchange on Tuesday, August 23, 2022, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 24, 2022.

La-Z-Boy Announces Fiscal 2023 First-Quarter Conference Call

MONROE, Mich., July 20, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today published its inaugural Environmental, Social and Governance (ESG) report. The report shares how La-Z-Boy Incorporated's continued investments into sustainable products, a healthy planet, and a values-based culture is driving results for customers, consumers, employees, shareholders, and the world at large.

La-Z-Boy Incorporated Publishes Inaugural ESG Report

MONROE, Mich., July 18, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that it is finalizing the planned closure of its Newton, Mississippi upholstery manufacturing facility, expected to be effective September 16, 2022. In June 2020, the company announced that it would close the Newton facility as part of its plan to strengthen and re-align the business to thrive in what was a new external environment marked by COVID-19. However, with stronger-than-expected demand ensuing immediately thereafter, the company temporarily re-activated a portion of the Newton facility in October 2020. Over the past two years, La-Z-Boy has added capacity to its manufacturing footprint and rebalanced production across more than 5 million square feet of North American manufacturing space to leverage efficiencies and manage its backlog.

La-Z-Boy Finalizes Previously Announced Newton, MS Facility Closure

La-Z-Boy Incorporated maintains robust operations with its impeccable revenue and margins expansion. Growth remains sustainable, given its solid and intact financial position.

La-Z-Boy: A Safe Cushion Against Macroeconomic Pressures

La-Z-Boy Inc. (NYSE: LZB) shares are trading higher after the company reported better-than-expected fourth quarter EPS and sales results. The company also issued 2023 first quarter sales guidance.

Why Shares Of La-Z-Boy Are Trading Higher Today

La-Z-Boy Incorporated (NYSE:LZB ) Q4 2022 Results Conference Call June 22, 2022 8:30 AM ET Company Participants Kathy Liebmann - Investor Relations Melinda Whittington - President & Chief Executive Officer Bob Lucian - Chief Financial Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Anthony Lebiedzinski - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the La-Z-Boy Fiscal 2022 Fourth Quarter and Full Year Conference Call. At this time, all participants have been placed on a listen-only mode, and the floor will be opened for your questions and comments after the presentation.

La-Z-Boy Incorporated (LZB) CEO Melinda Whittington on Q4 2022 Results - Earnings Call Transcript

La-Z-Boy's strategy of raising prices offset higher input costs and supply chain disruptions.

La-Z-Boy Stock Jumps as Earnings Top Estimates Despite Rising Costs

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La-Z-Boy Inc. LZB, -1.98% shares rallied more than 11% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter earnings above Wall Street expectations and said it is focusing on its backlog and long lead times. La-Z-Boy said it earned $57.5 million, or $1.33 a share, compared with $37.5 million, or 81 cents a share, in the year-ago quarter.

La-Z-Boy stock jumps more than 11% after furniture maker reports 'record' quarterly sales

MONROE, Mich., June 21, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record sales and operating income for the fiscal 2022 fourth quarter and full year ended April 30, 2022.

La-Z-Boy Reports Record Sales and Operating Income for the Fiscal 2022 Fourth Quarter and Full Year

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MONROE, Mich., June 14, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Carol Y. Lee will join the company as Vice President and Chief Information Officer, effective June 20, 2022, and will report to CEO Melinda D. Whittington.

Carol Y. Lee Joins La-Z-Boy Incorporated as Chief Information Officer

MONROE, Mich., June 07, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2022 fourth-quarter and full-year results after the close of trading on the New York Stock Exchange on Tuesday, June 21, 2022, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 22, 2022.

La-Z-Boy Announces Fiscal 2022 Fourth-Quarter and Full-Year Conference Call

Although rising inflation and supply-chain disruptions pose risks, positive momentum in home remodeling projects along with a focus on digitization and product innovation raise hopes for WSC, LZB, and VIRC.

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La-Z-Boy is a global leader in the furniture industry, and they are currently benefitting from record consumer demand.

La-Z-Boy: Relax With This Sleeper Stock

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MONROE, Mich., March 02, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced the planned retirement of Darrell Edwards, SVP and Chief Operating Officer. Mike Leggett will be promoted to Senior Vice President and Chief Supply Chain Officer, assuming Edwards' responsibilities, at the beginning of May 2022, the start of the company's fiscal 2023 year. Edwards will remain with the company through July 2022 in an advisory role.

La-Z-Boy Announces Planned Retirement of Darrell Edwards, COO; Names Mike Leggett SVP and Chief Supply Chain Officer

MONROE, Mich., Feb. 28, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Raymond James 43rd Annual Institutional Investors Conference, on March 7, 2022, at 3:25 p.m. Eastern. The presentation will be webcast live and archived for one year. It will be available at https://lazboy.gcs-web.com/.

La-Z-Boy to Present at Raymond James 43rd Annual Institutional Investors Conference

La-Z-Boy Incorporated (LZB) CEO Melinda Whittington on Q3 2022 Results - Earnings Call Transcript

La-Z-Boy (LZB) delivered earnings and revenue surprises of -29.35% and 1.40%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

News for LaZBoy Stock (LZB)