LaZBoy Incorporated Share News

HIGH POINT, N.C., April 19, 2024 (GLOBE NEWSWIRE) -- England Inc., a leader in customized upholstery with fast speed to market, and a subsidiary of La-Z-Boy Incorporated (NYSE: LZB), celebrated its 60th anniversary with a ribbon cutting ceremony at Furniture Market in High Point, NC this week. Terry England, President, England Inc., Tj Linz, President, Portfolio Brands, La-Z-Boy Incorporated, M...

The housing market is in a quandary due to a shortage of supply, which keeps prices elevated, and high interest rates, which soften demand. Many homeowners are simply opting to keep their homes as selling them would still expose them to high mortgage rates on their next home purchase.

Nothing strikes more fear in the hearts of stock market bears than two simple words: short squeeze. Like a tsunami, a short squeeze can wreak havoc on unexpectant bears as they frantically rush to cover short positions, inadvertently driving prices even higher in the process.

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 Marrio...

La-Z-Boy Incorporated (LZB) Q3 2024 Earnings Call Transcript

La-Z-Boy Inc.'s stock slumped 12% in after-hours trading Tuesday after the company posted quarterly results that fell short of analysts' revenue and earnings estimates.

La-Z-Boy Reports Fiscal 2024 Third Quarter Results Consolidated delivered sales of $500 million Up 5% versus our most recent pre-pandemic third quarter Down 13% versus year ago period Results impacted by winter weather events in January Gross margin expansion on GAAP and Non-GAAP basis, across all segments GAAP diluted EPS of $0.66 Non-GAAP diluted EPS of $0.67 Generated $48 million in operatin...

La-Z-Boy Incorporated is an undervalued stock with a consistent history of earnings growth and a strong balance sheet. The company aims to achieve sales growth and double-digit operating margins through its Century Vision plan, which includes expansion and modernizing its marketing. LZB is expanding in part by increasing its company-owned store count, both by opening new locations and buying ex...