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

Earnings data Q1 2022

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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.

Results Impacted by COVID-19 Results Impacted by COVID-19

La-Z-Boy Reports Fiscal 2020 Fourth-Quarter and Year-End Results

MONROE, Mich., June  22, 2020  (GLOBE NEWSWIRE) -- With great sadness, La-Z-Boy Incorporated (NYSE: LZB) today announced that Steve Kincaid passed away over the weekend. A veteran of the furniture industry for almost 50 years, he was a part of the La-Z-Boy family. 

La-Z-Boy Announces Passing of Steve Kincaid

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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.

Earnings Preview: La-Z-Boy (LZB) Q4 Earnings Expected to Decline

The maker of comfortable chairs finds itself making some uncomfortable choices.

La-Z-Boy Terminating 10% of Its Workforce

La-Z-Boy Inc. LZB, +1.04% said late Thursday it will lay off about 10% of its workforce, or 850 employees, across its business and including an upholstery factory in Mississippi.

La-Z-Boy to lay off 850 people, close Mississippi plant

MONROE, Mich., June  04, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced initiatives designed to strengthen the company and position it to thrive in the new external environment, marked by COVID-19.  Effective immediately, the company will reduce its global workforce by about 10%, or approximately 850 employees, across its manufacturing, retail and corporate locations, including the closure of its Newton, Mississippi upholstery manufacturing facility.  Production will be shifted to available capacity at the company’s Dayton, Tennessee, Neosho, Missouri, and Siloam Springs, Arkansas plants.  These changes are expected to leverage efficiencies across the business, improve competitiveness and position the company to drive long-term value for all stakeholders. 

La-Z-Boy Announces Moves to Strengthen and Re-Align Business

MONROE, Mich., April  22, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced it will begin to resume operations at partial production capacity at several U.S.-based plants on April 27, 2020, following the temporary closure of its manufacturing facilities and company-owned La-Z-Boy Furniture Galleries® stores in response to the COVID-19 pandemic.  The company is resuming production to work through its existing backlog and to be able to service expected demand.  Additionally, over the past week, based on various applicable state guidelines, the company opened several retail locations across the U.S. on a reduced schedule and expects to open additional stores in the coming weeks.  Regional Distribution Centers remain operational to deliver in-process orders.

La-Z-Boy Provides COVID-19 Manufacturing and Retail Update

MONROE, Mich., April  09, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today provided an update to its COVID-19 action plan.  With a continued focus on the health, safety and well-being of its employees and their families, its customers and the communities in which it operates, the company will continue to:

LA-Z-BOY PROVIDES UPDATE ON OPERATIONS

MONROE, Mich., March  29, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced its response to the COVID-19 crisis.  The company is taking the following actions based on its on-going assessment of the accelerating spread of the coronavirus and to ensure the well-being of its employees and their families, its customers and the communities where it operates:  

LA-Z-BOY ANNOUNCES COVID-19 ACTION PLAN

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.

Are Investors Undervaluing La-Z-Boy (LZB) Right Now?

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MONROE, Mich., March  05, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) today announced it intends to acquire the business that operates six independently owned La-Z-Boy Furniture Galleries® stores, with approximately $30 million in annual retail volume, and one warehouse in the Seattle, Washington market. The transaction is a result of the planned retirement of independent dealers, Chris and Lisa Washko, who took over the stores in 2011, and the mutually agreed-upon decision that selling the stores to La-Z-Boy Incorporated would be in the best interest of their employees while providing for the greatest stability and continuity of the business. The transaction is expected to close in June and is subject to customary closing conditions. The stores will become part of La-Z-Boy’s Retail segment, which today is composed of 155 stores.

La-Z-Boy to Acquire La-Z-Boy Furniture Galleries® Stores in Seattle Market

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La-Z-Boy (LZB) Q3 Earnings Preview: What's in the Cards?

MONROE, Mich., Jan.  08, 2020  (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that three members of its Board of Directors -- Sarah M. Gallagher, Janet E. Kerr and Lauren B. Peters -- were named to WomenInc. magazine’s 2019 list of Most Influential Corporate Board Directors, which recognizes women executives, influencers and achievers contributing leadership to corporate boards. WomenInc. magazine is a media platform that showcases and drives positive dialogue on and about women.

La-Z-Boy Board Members Named to WomenInc’s 2019 List of Most Influential Corporate Directors

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SILICON SLOPES, Utah, Nov.  27, 2019  (GLOBE NEWSWIRE) --   Domo  (Nasdaq: DOMO) today announced that its customer La-Z-Boy Incorporated, the world-renowned North American furniture manufacturer, has been named a winner with Domo of Ventana Research’s prestigious Digital Leadership Award in Analytics. This award recognizes the company and technology provider that best exemplifies leadership in any use or application of analytics across the business and/or IT. 

Domo Customer La-Z-Boy Receives the Ventana Research Digital Leadership Award for Innovative Application of Analytics Across the Enterprise

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La-Z-Boy Incorporated (LZB) CEO Kurt Darrow on Q2 2020 Results - Earnings Call Transcript

La-Z-Boy hopes a dividend hike may help support its stock after an earnings miss.

News for LaZBoy Stock (LZB)