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 (NYSE: LZB) generates a steady flow of news as a vertically integrated retailer and manufacturer of residential furniture. Company updates often highlight its La-Z-Boy Furniture Galleries® network, Wholesale operations, and the Joybird® brand, reflecting activity across both consumer-facing retail and manufacturing.
Investors and observers following LZB news can expect regular coverage of quarterly and annual financial results, including delivered sales, operating margins, cash flow, and returns to shareholders. Earnings releases frequently discuss performance in the Retail and Wholesale segments, trends in written and delivered sales, and the impact of macroeconomic conditions on consumer demand for home furnishings.
La-Z-Boy also issues news about store expansion and acquisitions, such as agreements to acquire independent La-Z-Boy Furniture Galleries® store networks and the opening of new company-owned locations. These announcements shed light on the company’s Century Vision strategy to grow its Retail footprint and expand brand reach.
Other recurring news themes include portfolio and supply chain initiatives, like distribution and home delivery transformation projects, consolidation of distribution centers, and decisions to exit certain non-core casegoods and upholstery businesses. Leadership and governance developments, including board appointments and commercial leadership realignments, are disclosed through press releases and corresponding Form 8‑K filings.
This news page brings together these items so readers can review La-Z-Boy’s latest earnings announcements, strategic updates, leadership changes, and capital allocation decisions in one place. For those tracking LZB, the feed provides context on how the company is executing its strategies in the residential furniture market over time.
La-Z-Boy Incorporated (NYSE: LZB), a leader in residential furniture, will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 3:25 p.m. Eastern. The CEO, Melinda D. Whittington, and CFO, Bob Lucian, will host the event, which will be available via a live webcast and archived for one year. For further details, visit La-Z-Boy's official website.
The company aims to keep investors informed through SEC filings and future news releases.
La-Z-Boy reported a strong fiscal 2022 Q3 with consolidated sales rising 22% to $572 million.
Despite record retail segment profits, supply chain disruptions and component shortages impacted margins, lowering GAAP operating margin to 6.9% from 7.3% year-over-year.
Net income per diluted share increased to $0.65, while non-GAAP EPS fell to $0.65.
The company returned $32 million to shareholders and declared a quarterly dividend of $0.165 per share.
Future outlook remains positive, with expected sales growth and improved margins despite persistent supply chain challenges.
La-Z-Boy (NYSE: LZB) will announce its fiscal 2022 Q3 results on February 15, 2022, after market close, followed by an investor conference call on February 16, 2022, at 8:30 a.m. ET. The call can be accessed at (888) 506-0062 for U.S. and Canada, and (973) 528-0011 internationally. A live webcast will also be available, with slides archived online. La-Z-Boy is a leading furniture producer with a diverse portfolio including brands like England and Joybird. For more details, visit the official website or SEC filings.
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.