Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
21 February 1973Website:
http://www.la-z-boy.comNext earnings report:
20 February 2025Last dividends:
05 September 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:40:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
LZB Latest News
La-Z-Boy Incorporated (NYSE:LZB ) Q2 2025 Earnings Conference Call November 20, 2024 8:30 AM ET Company Participants Mark Becks - Director of IR & Corporate Development Melinda Whittington - President & CEO Bob Lucian - SVP & CFO Taylor Luebke - VP, Finance & Treasurer Conference Call Participants Bobby Griffin - Raymond James Anthony Lebiedzinski - Sidoti & Company Brad Thomas - KeyBanc Operator Greetings. Welcome to the La-Z-Boy Fiscal 2025 Second Quarter Conference Call.
LZB's second-quarter fiscal 2025 results indicate increased delivered volume in the Retail segment.
La-Z-Boy (LZB) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.74 per share a year ago.
Fiscal 2025 Second Quarter Highlights : Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP (1) diluted EPS of $0.71 Delivered sales and Non-GAAP (1) operating margin ahead of guidance Company-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleries® stores, and an additional two-store acquisition signed and expected to close in the third quarter Quarterly dividend increased to $0.22, 10% higher than the previous dividend MONROE, Mich., Nov. 19, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported strong second quarter results for the period ended October 26, 2024.
La-Z-Boy's stock is attractively priced despite mixed performance, with revenue growth and strong cash flows, warranting a soft 'buy' recommendation. The company faced revenue and profitability declines in 2023 due to supply chain issues and increased competition but remains financially robust with no debt. Management's focus on direct-to-consumer sales and strategic acquisitions aims to drive future growth, supported by significant cash reserves and investment in infrastructure.
HIGH POINT, N.C., Oct. 25, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has opened its newly renovated showroom at High Point Market in Furniture Plaza, High Point, North Carolina.
MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025.
MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members.
La-Z-Boy Inc. NYSE: LZB stock dropped 7% after the home furnishings retailer reported earnings on August 20. The report itself was fine with revenue and earnings beating analysts' expectations and revenue coming in higher year-over-year (YOY).
La-Z-Boy's (LZB) first-quarter fiscal 2025 results reflect increased delivered volume in the Wholesale segment.
What type of business is La-Z-Boy Incorporated?
La-Z-Boy Incorporated is engaged in the production, sale, import, export, distribution, and retail sale of upholstered furniture. The company also imports, distributes, and sells accessories and wooden furniture items. The company's segments include the Upholstery segment, the Casegoods segment, and the Retail segment. The company is a manufacturer of reclining chairs and a manufacturer/distributor of residential furniture in the United States. The company sells its products primarily in the United States and Canada, as well as internationally to furniture retailers and directly to consumers through stores that it owns and operates. The company has a network of approximately 340 La-Z-Boy Furniture Galleries stores and over 560 Comfort Studio stores. The company owns about 120 La-Z-Boy Furniture Galleries stores. The company's other brands include England, Kincaid, American Drew, and Hammary.
What sector is La-Z-Boy Incorporated in?
La-Z-Boy Incorporated is in the Consumer Cyclical sector
What industry is La-Z-Boy Incorporated in?
La-Z-Boy Incorporated is in the Furnishings, Fixtures & Appliances industry
What country is La-Z-Boy Incorporated from?
La-Z-Boy Incorporated is headquartered in United States
When did La-Z-Boy Incorporated go public?
La-Z-Boy Incorporated initial public offering (IPO) was on 21 February 1973
What is La-Z-Boy Incorporated website?
https://www.la-z-boy.com
Is La-Z-Boy Incorporated in the S&P 500?
No, La-Z-Boy Incorporated is not included in the S&P 500 index
Is La-Z-Boy Incorporated in the NASDAQ 100?
No, La-Z-Boy Incorporated is not included in the NASDAQ 100 index
Is La-Z-Boy Incorporated in the Dow Jones?
No, La-Z-Boy Incorporated is not included in the Dow Jones index
When was La-Z-Boy Incorporated the previous earnings report?
No data
When does La-Z-Boy Incorporated earnings report?
The next expected earnings date for La-Z-Boy Incorporated is 20 February 2025