La-Z-Boy's strong Q2 results and Century Vision strategy execution support a Buy rating despite industry challenges and macroeconomic pressures. Management's optimism about future Fed rate cuts and housing market recovery positions La-Z-Boy for potential growth. Key earnings drivers include strong holiday sales, retail segment growth, and effective cost control, despite higher SG&A expenses.
MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board's periodic evaluation of its leadership structure:
MONROE, Mich.--(BUSINESS WIRE)--A record Thanksgiving travel rush is underway, and La-Z-Boy, the iconic American furniture company that invented the recliner nearly 100 years ago, is pleading with airline passengers to keep their seats upright to avoid making crammed fellow passengers even more uncomfortable. Airplane etiquette — specifically if and when it is appropriate to recline — is a high...
Highlights La-Z-Boy's rich heritage while embracing modern lifestyles, introducing “Urban Modern,” “La-Z-Girl,” and “Gamer” themes Embodies innovation in the retail experience of the La-Z-Boy brand, aiming to share the transformational power of comfort with a broader audience MONROE, Mich., Nov. 25, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture a...
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 Operat...
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 ...
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 ...
MONROE, Mich., Nov. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024 after the close of trading on the New York Stock Exchange on Tuesday, November 19, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, November 20, 2024.
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