Welcome to our dedicated page for La-Z-Boy news (Ticker: LZB), a resource for investors and traders seeking the latest updates and insights on La-Z-Boy stock.
La-Z-Boy Incorporated (LZB) is a leading manufacturer of residential upholstered furniture, renowned for innovative recliners and comfort-focused designs. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases and curated news coverage spanning earnings reports, product launches, manufacturing innovations, and retail expansions. Our aggregation ensures you stay informed about operational milestones, leadership updates, and market positioning within the furniture industry.
Key coverage areas include quarterly financial results, sustainability initiatives, retail network growth, and design partnerships. All content is verified for accuracy and relevance to support informed analysis of LZB's wholesale operations, retail strategies, and competitive dynamics.
Bookmark this page for streamlined access to La-Z-Boy's latest developments. Check regularly for updates reflecting the company's commitment to quality craftsmanship and evolving home comfort solutions.
La-Z-Boy reported strong operating results for the second quarter of fiscal 2022, ending October 23, 2021. Sales surged 25% to $576 million compared to the prior year, driven by increased capacity and pricing actions. GAAP EPS rose to $0.89 from $0.75, while non-GAAP EPS increased to $0.85 from $0.82. However, operating margins decreased due to rising commodity costs. The company announced a 10% increase in its quarterly dividend to $0.165 per share, payable on December 15, 2021. CEO Melinda Whittington expressed confidence in sustainable sales momentum amid ongoing supply chain challenges.
La-Z-Boy Incorporated (NYSE: LZB) will announce its fiscal 2022 second-quarter results on November 16, 2021. The company will host a conference call for investors on November 17, 2021, at 8:30 a.m. ET, accessible via phone or webcast. La-Z-Boy is a leading producer of residential furniture, operating a wholesale segment with multiple established brands and a retail segment featuring 157 La-Z-Boy Furniture Galleries. Investors can find further financial disclosures and updates on La-Z-Boy's website.
La-Z-Boy Incorporated (NYSE: LZB) announced the appointment of Erika Alexander to its Board of Directors effective October 25, 2021. This addition expands the Board to 12 members. Alexander, currently the Chief Global Officer for Global Operations at Marriott International, brings over 32 years of operational leadership experience. La-Z-Boy's CEO Melinda D. Whittington expressed excitement for her expertise, especially as the company pursues its growth strategy, Century Vision, aimed at 2027 and beyond. Her insights in sustainability and consumer dynamics are expected to enhance the company's direction.
La-Z-Boy Incorporated (NYSE: LZB), a leading residential furniture producer, announced that CEO Melinda Whittington and CFO Bob Lucian will present at the Sidoti Fall Virtual Investor Conference on September 22, 2021, at 8:30 a.m. Eastern. The presentation will be available via live webcast. La-Z-Boy operates numerous brands, including England and Joybird, and has a robust distribution network with 352 La-Z-Boy Furniture Galleries and 560 independent Comfort Studio locations. For more information about the company and future updates, investors can visit their official site.
La-Z-Boy Incorporated (NYSE: LZB), a leader in residential furniture, announced that Melinda Whittington, CEO, and Bob Lucien, CFO, will present at the Raymond James Consumer Conference on September 14, 2021, at 2:20 p.m. ET. The presentation will be available via live webcast and archived for one year. La-Z-Boy operates a vast distribution network, including 352 La-Z-Boy Furniture Galleries and 560 independent Comfort Studio locations, along with its e-commerce platform Joybird. Additional financial information and updates can be accessed through their SEC filings and news releases.
La-Z-Boy reported an impressive 84% increase in consolidated sales, reaching $524.8 million for Q1 of fiscal 2022, driven by strong demand across business units. The company's GAAP operating margin rose to 6.5% from 1.5% year-over-year. Net income per diluted share increased to $0.54 compared to $0.10 in Q1 2021. Additionally, La-Z-Boy's Board increased share repurchase authorization to 9 million shares, representing around 20% of outstanding shares. Though facing rising commodity costs, the outlook remains positive with expectations of improved margins in subsequent quarters.
La-Z-Boy Incorporated (NYSE: LZB) will announce its fiscal 2022 Q1 earnings post-market on August 17, 2021. The investor conference call, scheduled for August 18, 2021, at 8:30 a.m. ET, will be accessible via dial-in and webcast, with a replay option available for a week thereafter. La-Z-Boy, a leading residential furniture maker, operates 354 La-Z-Boy Furniture Galleries and various other brands. Investors can find additional financial disclosures through the SEC filings on their website.
La-Z-Boy (NYSE: LZB) announced a $30 million investment in its Neosho, MO manufacturing facility over two years to upgrade operations and build a new parts distribution center. This facility, which employs about 950 people, is crucial for producing La-Z-Boy products. The upgrades aim to enhance productivity and employee working conditions, with plans to hire over 100 additional workers. A groundbreaking ceremony is scheduled for August 11, 2021. This strategic investment comes as part of La-Z-Boy's efforts to strengthen its manufacturing capabilities in response to increasing product demand.
La-Z-Boy Incorporated (LZB) reported record fourth-quarter sales of $519.5 million, a 41% increase year-over-year, driven by strong demand and increased production capacity. The company achieved a GAAP operating margin of 9.6% and non-GAAP EPS of $0.87, compared to $0.05 a year earlier. For the full fiscal year, sales rose 1.8% to $1.7 billion, with net income of $2.30 per diluted share. Cash flow from operations reached $310 million, boosting cash reserves to $395 million. The outlook indicates continued strong demand but warns of potential profit margin pressure due to rising raw material costs.
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