La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.
IPO Year:
Exchange: NYSE
Website: la-z-boy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/21/2024 | $43.00 | Buy → Neutral | Sidoti |
8/25/2022 | Outperform → Mkt Perform | Raymond James | |
2/17/2022 | $46.00 → $40.00 | Outperform | Raymond James |
MONROE, Mich., Jan. 07, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Melinda D. Whittington, Board Chair, President and Chief Executive Officer, and Taylor Luebke, SVP and Chief Financial Officer, will present at the 2025 ICR Conference. The event will be held on Monday, January 13, 2025, at 4:30 p.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and com
MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board's periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board.Michael Lawton, who has served as Chair of the Board since May 2022, will return to his previous position of independent Lead Director. "Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will cont
NEW YORK, NY / ACCESSWIRE / December 3, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day December Small-Cap Conference taking place Wednesday and Thursday, December 4-5, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, December 4th, 2024 (Day 1)9:15-9:45Pantheon Resources (PANR)inTEST Corporation (INTT)10:00-10:30Granite Ridge Resources (GRNT)InfuSystem Holdings, Inc. (INFU)10:45-11:15*****Charles River Associates (CRAI)11:30-12:00North American Construction (NOA)CBIZ (CBZ)12:1
Fiscal 2025 Second Quarter Highlights: Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP(1) diluted EPS of $0.71Delivered sales and Non-GAAP(1) operating margin ahead of guidanceCompany-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleries® stores, and an additional two-store acquisition signed and expected to close in the third quarterQuarterly dividend increased to $0.22, 10% higher than the previous dividend MONROE,
MONROE, Mich., Nov. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024 after the close of trading on the New York Stock Exchange on Tuesday, November 19, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, November 20, 2024. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant
Showcases new visual elements and product offerings aimed to deliver the transformational power of comfort across all generationsDemonstrates continued Century Vision progress, and reinforces company's commitment to the industry HIGH POINT, N.C., Oct. 25, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, has opened its newly renovated showroom at High Point Market in Furniture Plaza, High Point, North Carolina. The remodeled, nearly 70,000 square-foot space, features new visual elements and product offerings aimed at delivering La-Z-Boy's transformational power of comfort across all generations. The investme
MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, Vice President, Finance and Treasurer, will succeed Lucian as Senior Vice President and Chief Financial Officer beginning January 1, 2025. Luebke has nearly 20 years of finance experience, including in financial planning and analysis, treasury, supply chain finance, and business strategy. He joined La-Z-Boy Incorporated in 2021 and has held roles of increasing responsibil
MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Officer of Stitch Fix (NASDAQ:SFIX), the leading online personal styling service, where he is driving a transformation effort. Mr. Baer joined Stitch Fix from Macy's, where he served as the
Fiscal 2025 First Quarter Highlights: Consolidated delivered sales of $496 million Up 3% versus prior year Wholesale segment sales increased 5% on growth to external customersDelivered sales and Non-GAAP(1) operating margin in line with guidanceGAAP diluted EPS of $0.61 Non-GAAP(1) diluted EPS of $0.62 Generated $52 million in operating cash flow for the quarter MONROE, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 27, 2024. For the quarter, sales totaled $496 million, an increase of 3% against the prior year comparable period
MONROE, Mich., Aug. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 First Quarter results for the period ended July 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, August 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 598802. The call will be webcast live, with corresponding slides, and archived on the inter
Sidoti downgraded La-Z-Boy from Buy to Neutral and set a new price target of $43.00
Raymond James downgraded La-Z-Boy from Outperform to Mkt Perform
Raymond James reiterated coverage of La-Z-Boy with a rating of Outperform and set a new price target of $40.00 from $46.00 previously
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MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board's periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board.Michael Lawton, who has served as Chair of the Board since May 2022, will return to his previous position of independent Lead Director. "Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will cont
Fiscal 2025 Second Quarter Highlights: Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP(1) diluted EPS of $0.71Delivered sales and Non-GAAP(1) operating margin ahead of guidanceCompany-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleries® stores, and an additional two-store acquisition signed and expected to close in the third quarterQuarterly dividend increased to $0.22, 10% higher than the previous dividend MONROE,
MONROE, Mich., Nov. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024 after the close of trading on the New York Stock Exchange on Tuesday, November 19, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, November 20, 2024. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant
MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, Vice President, Finance and Treasurer, will succeed Lucian as Senior Vice President and Chief Financial Officer beginning January 1, 2025. Luebke has nearly 20 years of finance experience, including in financial planning and analysis, treasury, supply chain finance, and business strategy. He joined La-Z-Boy Incorporated in 2021 and has held roles of increasing responsibil
Fiscal 2025 First Quarter Highlights: Consolidated delivered sales of $496 million Up 3% versus prior year Wholesale segment sales increased 5% on growth to external customersDelivered sales and Non-GAAP(1) operating margin in line with guidanceGAAP diluted EPS of $0.61 Non-GAAP(1) diluted EPS of $0.62 Generated $52 million in operating cash flow for the quarter MONROE, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 27, 2024. For the quarter, sales totaled $496 million, an increase of 3% against the prior year comparable period
MONROE, Mich., Aug. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 First Quarter results for the period ended July 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, August 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 598802. The call will be webcast live, with corresponding slides, and archived on the inter
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 quarterGrew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights: Consolidated delivered sales of $2.05 billionGross margin expansion on GAAP and Non-GAAP(1) basis, across all segmentsGAAP diluted EPS of $2.83 Non-GAAP(1) diluted EPS of $2.98 Generated $158 million in operating ca
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. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 175127. The call will be webcast live, with corresponding slides, and archived
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. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture man
La-Z-Boy Reports Fiscal 2024 Third Quarter Results Consolidated delivered sales of $500 million Up 5% versus our most recent pre-pandemic third quarterDown 13% versus year ago period Results impacted by winter weather events in JanuaryGross margin expansion on GAAP and Non-GAAP basis, across all segmentsGAAP diluted EPS of $0.66 Non-GAAP diluted EPS of $0.67 Generated $48 million in operating cash flow for the quarter; $105 million year to dateAcquired six independent La-Z-Boy Furniture Galleries® stores Additional two-store acquisition planned for fourth quarter MONROE, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and ret
MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Officer of Stitch Fix (NASDAQ:SFIX), the leading online personal styling service, where he is driving a transformation effort. Mr. Baer joined Stitch Fix from Macy's, where he served as the
CHARLOTTE, N.C., Nov. 30, 2022 /PRNewswire/ -- Tipperary Sales, d.b.a. La-Z-Boy Home Furnishings & Décor, announces the appointment of Heather Morin as Chief Financial Officer. "The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company," says Martha Brown CEO Tipperary Sales. "In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success." Most recently with Cherry Bekaert, Morin brings more than twenty years of public accounting and consulting expertis
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