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 Q3 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.

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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.

Record Fourth-Quarter Sales and Profit Strong Written Order Trends Drive Record Backlog Record Fourth-Quarter Sales and Profit Strong Written Order Trends Drive Record Backlog

La-Z-Boy Reports Fiscal 2021 Fourth-Quarter and Full-Year Results

American furniture manufacturer La-Z-Boy Incorporated (NYSE:LZB) is up nearly 60% in the last 12 months, with pullbacks finding support at the shares' 160-day moving average.

Getting Comfortable with LZB Fundamentals Before Earnings

La-Z-Boy (LZB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

La-Z-Boy (LZB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

MONROE, Mich., June 02, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2021 fourth-quarter and full-year results after the close of trading on the New York Stock Exchange on Tuesday, June 15, 2021, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 16, 2021.

La-Z-Boy Announces Fiscal 2021 Fourth-Quarter and Full-Year Conference Call

MONROE, Mich., April 21, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, has finalized a 10-year resource-backed virtual power purchase agreement (VPPA), extending through the end of 2030, with AEP Energy Partners, a competitive energy subsidiary of American Electric Power (Nasdaq: AEP). The agreement signifies a meaningful initiative as La-Z-Boy expands its environmental programs in its quest to reduce its carbon footprint. La-Z-Boy's VPPA will support approximately 70,000 MWh of renewable energy per year, from AEP's principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the term of the agreement. Once fully implemented, La-Z-Boy will receive renewable energy certificates (REC) equivalent to roughly 16 MW of wind power capacity representing more than 90% of La-Z-Boy's current total annual domestic energy consumption.

La-Z-Boy Signs Long-Term Renewable Energy Deal

Bear of the Day: La-Z-Boy Inc (LZB)

MONROE, Mich., March 16, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Kurt Darrow, Chairman, President and Chief Executive Officer, Melinda Whittington, Chief Financial Officer, and Bob Lucian, VP, Finance, will present at the Sidoti & Company LLC Virtual Investor Conference, on Wednesday, March 24, 2021, at 10:00 a.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 Sidoti Virtual Investor Conference

After years of dormancy, La-Z-Boy has improved a lot given its increased revenues and income with a strong financial position. Although there were years with non-payment of dividends, it has become more consistent since 2013 although growth could be cut in FY 2021.

La-Z-Boy: A Decade Of Recovery, Rejuvenation, And Sustained Growth

MONROE, Mich., Feb. 22, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Kurt Darrow, Chairman, President and Chief Executive Officer, and Melinda Whittington, Chief Financial Officer, will present at the virtual Raymond James 42nd Annual Institutional Investors Conference, on March 1, 2021, at 10:50 a.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 42nd Annual Institutional Investors Conference

MONROE, Mich., Feb. 18, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Raphael Richmond, Senior Director of Corporate Compliance and Employment Law, will succeed Stephen K. Krull as Vice President and General Counsel, effective April 25, 2021, concurrent with the company's new fiscal year. She will also hold the role of Chief Compliance Officer. In a related move, Uzma Ahmad, Senior Director of Corporate Law and Assistant Secretary, has been appointed Vice President, Deputy General Counsel and Corporate Secretary, also effective on April 25, 2021. Krull previously announced his retirement and will work with Richmond and Ahmad to ensure a smooth transition.

La-Z-Boy Announces Changes to Legal and Finance Teams

La-Z-Boy Incorporated (LZB) CEO Kurt Darrow on Q3 2020 Results - Earnings Call Transcript

La-Z-Boy Inc said on Tuesday Chief Executive Kurt Darrow will retire in April and will be replaced by finance chief Melinda Whittington.

Longtime La-Z-Boy CEO Darrow to retire, CFO to take helm

La-Z-Boy Inc. shares initially slumped 6% in extended trading Tuesday after the retailer announced the retirement of its chief executive, Kurt L. Darrow, effective April 25.

La-Z-Boy CEO to step down in late April, to be replaced by CFO

Strong Written Orders Drive Record Backlog Quarterly Dividend Increased

La-Z-Boy Reports Solid Fiscal 2021 Third-Quarter Results

CFO Melinda Whittington to Succeed Darrow as CEO CFO Melinda Whittington to Succeed Darrow as CEO

La-Z-Boy Announces Kurt Darrow to Retire as CEO; Will Remain Chairman of the Board

MONROE, Mich., Feb. 11, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that James P. Hackett has been named to its Board of Directors, effective immediately. He will serve on the Audit Committee and Nominating and Governance Committee. The appointment expands the Board to 10 members.

La-Z-Boy Appoints James P. Hackett to Board of Directors

MONROE, Mich., Feb. 02, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2021 third-quarter results after the close of trading on the New York Stock Exchange on Tuesday, February 16, 2021, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 17, 2021.

La-Z-Boy Announces Fiscal 2021 Third-Quarter Conference Call

Strong Written Orders Drive Record Backlog; COVID-19-Related Production Constraints Impact Delivered Sales; Dividend Rate to be Increased

La-Z-Boy Provides Business Update for Fiscal 2021 Q3

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MONROE, Mich., Jan. 11, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced the appointment of Robert Sundy as Senior Vice President and Chief Commercial Officer, effective January 27, 2021. In this capacity, he will report to Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy Incorporated, and will have responsibility for all facets of sales, merchandising and marketing for the La-Z-Boy branded business in North America.

La-Z-Boy Appoints Robert Sundy as Chief Commercial Officer

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We shortlisted five retail stocks, namely B&G Foods (BGS), Sprouts Farmers Market (SFM), Etsy (ETSY), LaZBoy (LZB) and Wayfair (W) to cash in on the upswing in e-commerce.

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After a tumultuous 2020, Wall Street investors now expect a brighter 2021. This calls for investing in growth stocks like Malibu Boats (MBUU), LaZBoy (LZB) and Alphabet (GOOGL), to name a few.

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Is La-Z-Boy (LZB) Stock Undervalued Right Now?

La-Z-Boy Inc. said late Monday it will resume its share buyback program, put on ice in March as part of the furniture maker and retailer's plan to withstand COVID-19-related shutdowns and other impact. The company said it plans to resume the share repurchases under its previous share repurchase authorization, of which 4.5 million shares remain available for repurchase.

News for LaZBoy Stock (LZB)