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.

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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.

MONROE, Mich., Jan. 03, 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 2024 ICR Conference. The event will be held on January 8, 2024, at 9:30 a.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/.

La-Z-Boy Incorporated to Present at the 2024 ICR Conference

OAKLAND, Calif.--(BUSINESS WIRE)--Fivetran today announced that its industry-leading data integration platform is being utilized by La-Z-Boy Incorporated, a global leader in residential furniture. La-Z-Boy, which has a number of different brands including Joybird and Hammary, is leveraging Fivetran to break down data silos and accelerate data-driven decision making across the organization. La-Z-Boy Incorporated is one of the world's leading residential furniture producers. At nearly 100 years o.

La-Z-Boy Partners with Fivetran to Accelerate Data-Driven Decision Making

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La-Z-Boy (LZB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

La-Z-Boy (LZB) Upgraded to Buy: What Does It Mean for the Stock?

MONROE, Mich., Dec. 04, 2023 (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 participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference. The event will be held on December 6, 2023, at 11:00 a.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/.

La-Z-Boy to Present at Morgan Stanley Global Consumer & Retail Conference

La-Z-Boy Incorporated (NYSE:LZB ) Q2 2024 Results Conference Call November 30, 2023 8:30 AM ET Company Participants Mark Becks - Director, IR & Corporate Development Melinda Whittington - President, CEO Bob Lucian - SVP, CFO Conference Call Participants Brad Thomas - KeyBanc Capital Markets Anthony Lebiedzinski - Sidoti & Company Bobby Griffin - Raymond James Operator Greetings, and Welcome to the La-Z-Boy Fiscal 2024 Second Quarter Conference Call. At this time, all participants have been placed in a listen-only mode.

La-Z-Boy Incorporated (LZB) Q2 2024 Earnings Call Transcript

Shares of La-Z-Boy Inc. LZB, +0.83% rose 4% in the extended session Wednesday after the company reported second-quarter earnings above expectations and increased its dividend by 10%. La-Z-Boy earned $27 million, or 63 cents a share, in the quarter, compared with $46 million, or $1.07 a share, in the year-ago period.

La-Z-Boy stock gains 5% after company's earnings beat, dividend increase

La-Z-Boy Reports Fiscal 2024 Second Quarter Results La-Z-Boy Furniture Galleries ® network written same-store sales increased 1% GAAP diluted EPS of $0.63 ; Non-GAAP diluted EPS of $0.74 Year to date operating cash flow of $57 million , 84% above year ago period Dividend increased 10% over the prior dividend to $0.20 per share MONROE, Mich., Nov. 29, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported second quarter results for the period ended October 28, 2023.

La-Z-Boy Incorporated Reports Strong Second Quarter Results; La-Z-Boy Furniture Galleries® Network Written Same-Store Sales Up 1%; Dividend Increased 10%

MONROE, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its second quarter fiscal 2024 results for the period ended October 28, 2023 after the close of trading on the New York Stock Exchange on Wednesday, November 29, 2023, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Thursday, November 30, 2023.

La-Z-Boy Announces Timing of Second Quarter Fiscal 2024 Earnings Release/ Conference Call

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La-Z-Boy Incorporated (NYSE:LZB ) Q1 2024 Earnings Call Transcript August 23, 2023 8:30 AM ET Company Participants Mark Becks - Director of IR and Corporate Development Melinda Whittington - President and CEO Bob Lucian - CFO Conference Call Participants Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Anthony Lebiedzinski - Sidoti & Company Operator Greetings. Welcome to the La-Z-Boy Fiscal 2024 First Quarter Conference Call.

La-Z-Boy Incorporated (LZB) Q1 2024 Earnings Call Transcript

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Nvidia shares NVDA, -2.77% rose 2%, ahead of its eagerly awaited results after the close. Cathie Wood's ARK Invest sold stock in the graphics chipmaker on Tuesday, according to a fund disclosure.

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La-Z-Boy (LZB) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.91 per share a year ago.

La-Z-Boy (LZB) Q1 Earnings and Revenues Beat Estimates

Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped nearly 6% in after-hours trading on Tuesday as the retailer reported record second quarter sales and earnings which topped Street estimates. For the three months ended July 31, 2023, the company reported earnings per share (EPS) of $1.10, up from $0.64 in the year-ago quarter.

The Afterhours: Urban Outfitters, La-Z-Boy, Toll Brothers

Shares of La-Z-Boy Inc. LZB, -2.30% rose nearly 2% in the extended session Tuesday after the home-furniture maker reported fiscal first-quarter results that topped Wall Street expectations and said that it expects its industry “to remain challenged” with some improvement around the holidays. La-Z-Boy earned $27.5 million, or 63 cents a share, in the quarter, compared with $38.5 million, or 89 cents a share, in the year-ago quarter.

La-Z-Boy says furniture industry to ‘remain challenged,' but with some seasonal boost

La-Z-Boy (NYSE:LZB) Incorporated stock fell in extended trading Tuesday despite the furniture maker beating fiscal first-quarter expectations.  The company posted adjusted earnings of $0.62 per share on revenue of $482 million, compared to Street expectations of $0.55 per share on revenue of $474.58 million.

La-Z-Boy stock sags despite fiscal 1Q earnings surprise

MONROE, Mich., Aug. 22, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported first quarter results for the period ended July 29, 2023. Sales totaled $482 million, in line with guidance of $470 to $490 million, and a decrease of 20% against a year ago period that benefited from delivery of pandemic related backlog. Company owned Retail written same-store sales for the first quarter increased 2% versus a year ago, led by strong store execution. Written sales for the entire La-Z-Boy Furniture Galleries® network also increased by 2%. Operating margin was 7.2% in the quarter on a GAAP basis and 7.0% on a Non-GAAP basis. Earnings per diluted share totaled $0.63 on a GAAP basis and $0.62 on a Non-GAAP basis.

La-Z-Boy Reports First Quarter Fiscal 2024 Results

SALT LAKE CITY--(BUSINESS WIRE)--InMoment, the leading provider of Experience Improvement (XI) solutions, announced today that La-Z-Boy has selected InMoment's omnichannel listening XI Platform as they continue to honor the past and embrace the future by bringing meaningful products and quality experiences to a new generation of customers. The XI technology leverages InMoments' award-winning text analytics engine and deep learning AI to allow users to listen, learn, and act on all of the data s.

La-Z-Boy Selects InMoment to Integrate Its Omnichannel Customer Experience Insights to Drive Customer Loyalty and Satisfaction

La-Z-Boy (NYSE:LZB) is expected to report lower sales and a drop in profit when it posts its first quarter fiscal 2024 results for the three months ended July 29, 2023, after the market close on Tuesday, August 22. The furniture producer is expected to report revenue of $475.6 million, down from $604.1 million in the year-ago quarter, according to Zacks Consensus Estimate.

La-Z-Boy to report reclining profits for 1Q

MONROE, Mich.--(BUSINESS WIRE)--La-Z-Boy, one of the most iconic brands in the furniture industry, is launching a new integrated marketing platform to proudly reclaim “lazy” and empower its fans to indulge in deserved feet-up moments of relaxation. The “Long Live The Lazy” platform focuses on the transformational power of comfort, delivered by the company that invented truly comfortable furniture more than 96 years ago. A new national advertising campaign will begin airing this week through bro.

La-Z-Boy Launches “Long Live The Lazy” Marketing Platform Celebrating Hard-Earned Moments of Laziness

MONROE, Mich., June 28, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Raza S. Haider has been named to its Board of Directors, effective yesterday. He will serve on the Nominating and Governance Committee. The appointment expands the Board to 11 members.

La-Z-Boy Appoints Raza Haider to Board of Directors

La-Z-Boy Incorporated is an undervalued company with strong operating performance and cash generation ability in the home furnishing space. The company has a long track record, pays dividends, and is expected to benefit from the post-COVID environment and demographic shifts. Risks include potential softness in consumer discretionary spending due to heightened interest rates and changing consumer tastes.

La-Z-Boy: Own A Piece Of This Undervalued And Well-Run Company

La-Z-Boy Incorporated (NYSE:LZB ) Q4 2023 Earnings Conference Call June 21, 2023 8:30 AM ET Company Participants Bob Lucian - Chief Financial Officer Mark Becks - Director, Investor Relations and Corporate Development Melinda Whittington - President and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti and Company Zachary Donnelly - KeyBanc Operator Greetings. Welcome to the La-Z-Boy Fiscal 2023 Fourth Quarter Conference Call.

La-Z-Boy Incorporated (LZB) Q4 2023 Earnings Call Transcript

La-Z-Boy NYSE: LZB and other furniture stocks have declined over the past year as bubble-infused expectations were returned to reality. The takeaway from La-Z-Boy's Q4 results and guidance is that normalization is at hand, and growth in the core retail segment is back in the picture.

News for LaZBoy Stock (LZB)