Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
21 February 1973Website:
http://www.la-z-boy.comNext earnings report:
23 August 2024Last dividends:
04 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:02:13 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
LZB Latest News
Here is how La-Z-Boy (LZB) and Naspers Ltd. (NPSNY) have performed compared to their sector so far this year.
La-Z-Boy (LZB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
NMM, ODP and LZB made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 24, 2024.
Melinda Whittington, CEO of La-Z-Boy, on beating earnings expectations, strategies the company leveraged to drive growth, and more.
Reduced spending on furniture and home furnishings, with overall declining store visits, hurts La-Z-Boy's (LZB) fourth-quarter fiscal 2024 results.
La-Z-Boy (LZB) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago.
Fiscal 2024 Fourth Quarter Highlights : Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter) Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarter Grew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights : Consolidated delivered sales of $2.05 billion Gross margin expansion on GAAP and Non-GAAP(1) basis, across all segments GAAP diluted EPS of $2.83 Non-GAAP(1) diluted EPS of $2.98 Generated $158 million in operating cash flow for the year Strong balance sheet with $341 million in cash and no external debt Opened six company-owned and acquired 11 independent La-Z-Boy Furniture Galleries® stores Retail (company-owned) stores now represent over half of the total La-Z-Boy Furniture Galleries® network for first time in company history Returned $85 million to shareholders through share repurchases and dividends Increased prior quarterly dividend by 10% to $0.20 in third quarter MONROE, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported fourth quarter and full year results for the period ended April 27, 2024.
MONROE, Mich., June 03, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its Fiscal 2024 Fourth Quarter and Full Year results for the period ended April 27, 2024 after the close of trading on the New York Stock Exchange on Monday, June 17, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Tuesday, June 18, 2024.
LZB is prioritizing market share growth and improving operating margins in a challenging furniture industry environment. The company experienced substantial revenue growth and a rise in orders in FY22 as a result of pent-up demand following the pandemic. LZB is getting ready for the furniture industry to stabilize, expecting increased demand driven by favorable demographics and potential interest rate reductions.
MONROE, Mich., Feb. 27, 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 Raymond James 45th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 4, 2024, at 1:40 p.m. Eastern Time and archived on the Company's investor relations website at https://lazboy.gcs-web.com/ .
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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 does La-Z-Boy Incorporated report earnings?
The next expected earnings date for La-Z-Boy Incorporated is 23 August 2024