La-Z-Boy Incorporated

LZB

US5053361078

Home Furnishings

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
33.11 ^USD	-0.12%		-1.25%	-10.32%

Feb. 21	Sector Update: Consumer Stocks Edge Higher Premarket Wednesday	MT
Feb. 21	Exchange-Traded Funds, Equity Futures Lower Pre-Bell Ahead of Fed Meeting Minutes	MT

La-Z-Boy Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended October 28, 2023

November 29, 2023 at 05:06 pm EST

La-Z-Boy Incorporated reported earnings results for the second quarter and six months ended October 28, 2023. For the second quarter, the company reported sales was USD 511.44 million compared to USD 611.33 million a year ago. Net income was USD 27.2 million compared to USD 46.08 million a year ago. Basic earnings per share from continuing operations was USD 0.63 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 1.07 a year ago.
For the six months, sales was USD 993.09 million compared to USD 1,215.42 million a year ago. Net income was USD 54.68 million compared to USD 84.57 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.96 a year ago. Diluted earnings per share from continuing operations was USD 1.26 compared to USD 1.96 a year ago.

Latest news about La-Z-Boy Incorporated

Sector Update: Consumer Stocks Edge Higher Premarket Wednesday	Feb. 21	MT
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Ahead of Fed Meeting Minutes	Feb. 21	MT
Transcript : La-Z-Boy Incorporated, Q3 2024 Earnings Call, Feb 21, 2024	Feb. 21
La-Z-Boy Fiscal Q3 Adjusted Earnings, Sales Decline; Issues Fiscal Q4 Sales Guidance	Feb. 21	MT
Tranche Update on La-Z-Boy Incorporated's Equity Buyback Plan announced on February 10, 2004.	Feb. 20	CI
La-Z-Boy Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended January 27, 2024	Feb. 20	CI
Earnings Flash (LZB) LA-Z-BOY INCORPORATED Reports Q3 EPS $0.67, vs. Street Est of $0.74	Feb. 20	MT
Earnings Flash (LZB) LA-Z-BOY INCORPORATED Posts Q3 Revenue $500.4M, vs. Street Est of $526.2M	Feb. 20	MT
La-Z-Boy Incorporated Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024	Feb. 20	CI
La-Z-Boy Incorporated Declares Quarterly Cash Dividend, Payable on March 15, 2024	Feb. 20	CI
Transcript : La-Z-Boy Incorporated Presents at 2023 Morgan Stanley Global Consumer and Retail Conference, Dec-06-2023 11:00 AM	Dec. 06
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading	Nov. 30	MT
Sector Update: Consumer Stocks Mixed in Thursday Afternoon Trading	Nov. 30	MT
La-Z-Boy Shares Rise as Fiscal Q2 Results Top Estimates	Nov. 30	MT
Transcript : La-Z-Boy Incorporated, Q2 2024 Earnings Call, Nov 30, 2023	Nov. 30
La-Z-Boy's Fiscal Q2 Non-GAAP Earnings, Sales Decline	Nov. 29	MT
Tranche Update on La-Z-Boy Incorporated's Equity Buyback Plan announced on February 10, 2004.	Nov. 29	CI
La-Z-Boy Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended October 28, 2023	Nov. 29	CI
Earnings Flash (LZB) LA-Z-BOY INCORPORATED Posts Q2 Revenue $511.4M, vs. Street Est of $502.3M	Nov. 29	MT
Earnings Flash (LZB) LA-Z-BOY INCORPORATED Reports Q2 EPS $0.74, vs. Street Est of $0.62	Nov. 29	MT
La-Z-Boy Incorporated Declares Quarterly Cash Dividend, Payable on December 18, 2023	Nov. 29	CI
La-Z-Boy Incorporated Provides Earnings Guidance for the Third Quarter of Fiscal 2024	Nov. 29	CI
La-Z-Boy Incorporated entered into agreement to acquire Six store network in the Midwest.	Nov. 28	CI
La-Z-Boy Announces Next-Gen 3D Product Configuration with Webar Ondemand, Powered by 3D Cloud by Marxent	23-09-28	CI
Transcript : La-Z-Boy Incorporated, Q1 2024 Earnings Call, Aug 23, 2023	23-08-23

Chart La-Z-Boy Incorporated

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Company Profile

La-Z-Boy Incorporated is a global producer of reclining chairs and the manufacturer/distributor of residential furniture in the United States. The Company manufactures, markets, imports, exports, distributes and retails upholstery furniture products under the La-Z-Boy, England, Kincaid, and Joybird tradenames. Its segments include the Wholesale segment and the Retail segment. The Wholesale segment manufactures and imports upholstered and casegoods (wood) furniture and sells directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, branded space locations, England Custom Comfort Center locations, dealers, and a cross-section of other independent retailers. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories to end consumers through its Company-owned La-Z-Boy Furniture Galleries stores. The Company sells its products through multiple channels to furniture retailers or distributors.

Sector

Home Furnishings

Calendar

2024-06-17 - Q4 2024 Earnings Release (Projected)

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Russell 2000

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Analysis / Opinion

La-Z-Boy Incorporated : Downward trend

June 22, 2023 at 10:47 am EDT

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Ratings for La-Z-Boy Incorporated

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

33.11 USD

Average target price

43 USD

Spread / Average Target

+29.87%

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Furniture