La-Z-Boy Declares Quarterly Dividend
May 2, 2023
Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.
Additional Information
This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the SEC, which is available at: https://lazboy.gcs-web.com/financial-information/sec-filings. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at: https://lazboy.gcs-web.com/.
+ Read more
Rebecca Reeder Appointed President, Retail La-Z-Boy Furniture Galleries
Keith Wilson, President International and Joybird, Announces Retirement
La-Z-Boy Incorporated Announces Related Leadership Team Realignment
April 4, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced the realignment of its Executive Leadership Team, in conjunction with several key announcements.
In connection with the company’s new fiscal year at end of April:
+ Read more
La-Z-Boy to Present at Sidoti Investor Conference
March 14, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Sidoti Small-Cap Conference, on Thursday, March 23, 2023, at 2:30 p.m. Eastern. The presentation will be webcast live and will be archived for 90 days. It will be available at https://lazboy.gcs-web.com/.
Additional Information
This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the SEC, which is available at: https://lazboy.gcs-web.com/financial-information/sec-filings. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at: https://lazboy.gcs-web.com/.
+ Read more
La-Z-Boy Appoints Mark S. LaVigne to Board of Directors
February 28, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Mark S. LaVigne has been named to its Board of Directors, effective immediately. He will serve on the Audit Committee. The appointment expands the Board to 10 members.
LaVigne is the President and Chief Executive Officer of Energizer Holdings, Inc. At Energizer, he has served in a variety of senior leadership positions with increasing responsibility since 2010, including as Chief Operating Officer since 2015 until his appointment as CEO in January 2021. Most recently, LaVigne successfully led the company through the COVID pandemic with a focus on safety, business continuity and supply chain agility.
+ Read more
La-Z-Boy to Present at Raymond James 44th Annual Institutional Investors Conference
February 27, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Raymond James 44th Annual Institutional Investors Conference, on March 6, 2023, at 4:00 p.m. Eastern. The presentation will be webcast live and archived for 90 days. It will be available at https://lazboy.gcs-web.com/.
+ Read more
La-Z-Boy Reports Strong Fiscal 2023 Third-Quarter
Written Same-Store Sales Increased 3% for Retail Segment
February 21, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported excellent third-quarter results for the period ending January 28, 2023.
Fiscal 2023 third-quarter highlights versus prior-year third quarter:
- Consolidated sales increased to $573 million
- GAAP operating income increased by 8%
- Non-GAAP operating income increased by 34%
- GAAP operating margin increased 60 basis points to 7.5%
- Non-GAAP operating margin increased 230 basis points to 9.3%
+ Read more
La-Z-Boy Announces Fiscal 2023 Third-Quarter Conference Call
February 8, 2023
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, will report its fiscal 2023 third-quarter results after the close of trading on the New York Stock Exchange on Tuesday, February 21, 2023, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 22, 2023.
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 858794.
+ Read more
La-Z-Boy Announces Planned Retirement of Otis Sawyer, President, La-Z-Boy Portfolio Brands; Names Tj Linz as Successor
December 8, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced the planned retirement of Otis Sawyer, President, La-Z-Boy Portfolio Brands. Tj Linz, President, La-Z-Boy Retail, will assume Sawyer’s responsibilities at the end of April 2023, the start of the company’s fiscal 2024 year. Sawyer will remain with the company through June 2023 to ensure a seamless transition.
Melinda D. Whittington, President and Chief Executive Officer of La-Z-Boy Incorporated, said, "As we execute our Century Vision strategy and position the company for long-term profitable growth, succession planning plays an integral role in our business philosophy and management of the company. With extensive systems expertise and a focus on lean initiatives, Otis made significant contributions to La-Z-Boy Incorporated throughout his 29-year tenure. We thank him and wish him all the best in his well-deserved retirement. At the same time, we are thrilled to announce that Tj will succeed Otis as President, Portfolio Brands Division. Under Tj’s leadership using data-driven analytics, our company-owned Retail business has experienced tremendous profitable growth. And, he has built a strong and unique culture throughout the Retail team, which drives exceptional performance and talent development at all levels. Tj will undoubtedly be equally successful in his new role as he further refines and develops the Portfolio Brands business and team.”
+ Read more
La-Z-Boy Reports Record Fiscal 2023 Second-Quarter Results; Increases Dividend by 10%
November 30, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record-setting second-quarter results for the period ending October 29, 2022.
Fiscal 2023 second-quarter highlights versus prior year:
- Consolidated sales increased 6% to $611 million, a second-quarter record
- GAAP operating profit increased by 14%
- Non-GAAP operating profit increased by 19%
- GAAP operating margin increased 70 basis points to 10.1%
- Non-GAAP operating margin increased 100 basis points to 10.0%
- GAAP EPS increased by 20%
- Non-GAAP EPS increased by 24%
- Retail segment sales increased 31% to $252 million, an all-time quarterly record
- Operating profit also all-time quarterly record
+ Read more
La-Z-Boy Announces Fiscal 2023 Second-Quarter Conference Call
November 9, 2022
La-Z-Boy Incorporated (NYSE: LZB), will report its fiscal 2023 second-quarter results after the close of trading on the New York Stock Exchange on Wednesday, November 30, 2022, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Thursday, December 1, 2022.
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 642911.
+ Read more
La-Z-Boy Reports Record Fiscal 2023 First-Quarter Results
August 23, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record-setting first-quarter results for the quarter ended July 30, 2022.
Fiscal 2023 first-quarter highlights versus prior year:
- Consolidated sales increased 15% to $604 million, a first-quarter record
- Operating profit and operating margin were also all-time first-quarter records
- Retail segment sales increased 30% to $236 million, an all-time quarterly record
- Operating profit and operating margin were also all-time quarterly records
- Joybird written sales increased 12%
+ Read more
La-Z-Boy Announces Fiscal 2023 First-Quarter Conference Call
August 15, 2022
La-Z-Boy Incorporated (NYSE: LZB), will report its fiscal 2023 first-quarter results after the close of trading on the New York Stock Exchange on Tuesday, August 23, 2022, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 24, 2022.
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 499409.
+ Read more
La-Z-Boy Incorporated Publishes Inaugural ESG Report
July 20, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today published its inaugural Environmental, Social and Governance (ESG) report. The report shares how La-Z-Boy Incorporated’s continued investments into sustainable products, a healthy planet, and a values-based culture is driving results for customers, consumers, employees, shareholders, and the world at large.
Melinda Whittington, President and CEO of La-Z Boy Incorporated said, “For nearly 100 years, La-Z-Boy Incorporated has delivered quality and comfort to families around the world. As we build the La-Z-Boy of tomorrow, our goal is to make the world a better place through the transformational power of comfort. This means we embrace curiosity for sustainable design, operate with compassion for a sustainable planet, and empower courage for a sustainable culture, leveraging our core values.”
+ Read more
La-Z-Boy Finalizes Previously Announced Newton, MS Facility Closure
July 18, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that it is finalizing the planned closure of its Newton, Mississippi upholstery manufacturing facility, expected to be effective September 16, 2022. In June 2020, the company announced that it would close the Newton facility as part of its plan to strengthen and re-align the business to thrive in what was a new external environment marked by COVID-19. However, with stronger-than-expected demand ensuing immediately thereafter, the company temporarily re-activated a portion of the Newton facility in October 2020. Over the past two years, La-Z-Boy has added capacity to its manufacturing footprint and rebalanced production across more than 5 million square feet of North American manufacturing space to leverage efficiencies and manage its backlog.
+ Read more
La-Z-Boy Reports Record Sales and Operating Income for the Fiscal 2022 Fourth Quarter and Full Year
June 21, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record sales and operating income for the fiscal 2022 fourth quarter and full year ended April 30, 2022.
Fiscal 2022 full year versus Fiscal 2021 full year:
- Consolidated sales increased 36% to a record $2.4 billion
- +33% adjusting for the 53rd week in fiscal 2022
- Retail segment sales increased 31% to $804 million
- Record sales, operating profit, and operating margin
- Joybird sales increased 62% to a record $176 million
- Written sales for Joybird increased 27%
- Consolidated operating margin:
- GAAP: 8.8% versus 7.9%
- Non-GAAP(1): 8.1% versus 9.0%
- Net income attributable to La-Z-Boy Incorporated per diluted share (“EPS”):
- GAAP: $3.39 versus $2.30
- Non-GAAP(1): $3.11 versus $2.62
- $118 million returned to shareholders through share repurchases and dividends
+ Read more
Carol Y. Lee Joins La-Z-Boy Incorporated as Chief Information Officer
June 14, 2022
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Carol Y. Lee will join the company as Vice President and Chief Information Officer, effective June 20, 2022, and will report to CEO Melinda D. Whittington.
In this role, Lee will serve as the chief architect of the company’s enterprise-wide Information Technology strategy, including the design, development and support of IT systems and programs, cybersecurity and other risk management, network optimization, ERP deployment, and infrastructure and operations support. She will lead a team of approximately 100 individuals and will ensure the company’s IT strategy and execution align with La-Z-Boy Incorporated’s business objectives and support its Century Vision growth strategy.
+ Read more
La-Z-Boy Announces Fiscal 2022 Fourth-Quarter and Full-Year Conference Call
June 7, 2022
La-Z-Boy Incorporated (NYSE: LZB), will report its fiscal 2022 fourth-quarter and full-year results after the close of trading on the New York Stock Exchange on Tuesday, June 21, 2022, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 22, 2022.
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 546693.
The call will be webcast live, with corresponding slides, and archived on the Internet. It will be available at https://lazboy.gcs-web.com/, and will be accessible for one year. A telephone replay will be available for one week following the call. This replay will be accessible to callers from the U.S. and Canada at (877) 481-4010 and to international callers at (919) 882-2331. Enter Conference ID 45734.
+ Read more
La-Z-Boy Declares Quarterly Dividend
May 3, 2022
Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.165 per share. The dividend is payable June 15, 2022 to shareholders of record as of June 2, 2022.
Additional Information
This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the SEC, which is available at: https://lazboy.gcs-web.com/financial-information/sec-filings. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at: https://lazboy.gcs-web.com/.
+ Read more
