LaZBoy Incorporated Share News

La-Z-Boy Incorporated (NYSE:LZB ) Q4 2024 Earnings Conference Call June 18, 2024 8:30 AM ET Company Participants Melinda Whittington - President, Chief Executive Officer Bob Lucian - Senior Vice President, Chief Financial Officer Mark Becks - Director of IR & Corporate Development Conference Call Participants Brad Thomas - KeyBanc Capital Market Bobby Griffin - Raymond James Operator Good morni...

Shares in furniture maker La-Z-Boy (LZB) jumped more than 9% ahead of Tuesday's opening bell after the company eased investors' fears over slowing consumer spending and a sluggish housing market by announcing quarterly results and forward sales guidance that came in above analysts' expectations.

Shares of La-Z-Boy Inc. rallied after hours on Monday after the maker of recliners and other furniture reported fourth-quarter results that topped expectations despite a “volatile” furniture industry hit by a largely frozen housing market.

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...

Retail sales anticipated to rise for the first time since January. How to build a rate-agnostic portfolio.

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.

MONROE, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.20 per share. The dividend will be paid on June 14, 2024 to shareholders of record as of June 4, 2024.

LZB is focusing on gaining market share and strengthening operating margins amidst a weak furniture industry outlook. FY22 saw significant revenue growth and an increase in orders due to pent-up demand post-pandemic. LZB is preparing for the normalization of the furniture industry, anticipating a return to demand driven by favorable demographics and potential interest rate easing.