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La z boy Incorporated (LZB) |
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Price: $30.7600
$-0.12 
-0.389%
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| Day's High:
| $31.09
| Week Perf:
| 1.69 %
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| Day's Low: |
$ 30.62 |
30 Day Perf: |
-0.29 % |
| Volume (M): |
404 |
52 Wk High: |
$ 33.92 |
| Volume (M$): |
$ 12,421 |
52 Wk Avg: |
$27.92 |
| Open: |
$30.88 |
52 Wk Low: |
$21.92 |
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| Market Capitalization (Millions $) |
1,333 |
| Shares
Outstanding (Millions) |
43 |
| Employees |
8,700 |
| Revenues (TTM) (Millions $) |
2,226 |
| Net Income (TTM) (Millions $) |
141 |
| Cash Flow (TTM) (Millions $) |
99 |
| Capital Exp. (TTM) (Millions $) |
61 |
La Z Boy Incorporated
Edward M. Knabusch and Edwin J. Shoemaker started Floral City Furniture in 1927,
and in 1928 the newly formed company introduced its first recliner. In 1941, we
were incorporated in the state of Michigan as La-Z-Boy Chair Company, and in 1996
we changed our name to La-Z-Boy Incorporated. Today, our La-Z-Boy brand is the
most recognized brand in the furniture industry.
We manufacture, market, import, export, distribute and retail upholstery furniture
products. In addition, we import, distribute and retail accessories and casegoods
(wood) furniture products. We are the leading global producer of reclining chairs
and the second largest manufacturer/distributor of residential furniture in
the United States. The La-Z-Boy Furniture Galleries® stores retail network
is the third largest retailer of single-branded furniture in the United States.
We have seven major North American manufacturing locations and six regional
retail distribution centers in the United States to support our speed-to-market
and customization strategy.
We sell our products, primarily in the United States and Canada but also internationally,
to furniture retailers and directly to consumers through stores that we own
and operate. The centerpiece of our retail distribution strategy is our network
of 338 La-Z-Boy Furniture Galleries® stores and 559 Comfort Studio®
locations, each dedicated to marketing our La-Z-Boy branded products. We consider
this dedicated space to be "branded outlets" or "proprietary."
In addition to the almost 900 branded outlets dedicated to selling La-Z-Boy
product (La-Z-Boy Furniture Galleries® stores and Comfort Studio® locations),
approximately 1,900 other dealers also sell La-Z-Boy, including some of the
best known names in the industry, such as Art Van, Nebraska Furniture Mart,
Slumberland and Raymour & Flanigan Furniture. We own 124 of the La-Z-Boy
Furniture Galleries® stores. The remainder of the La-Z-Boy Furniture Galleries®
stores, as well as all 559 Comfort Studio® locations, are independently
owned and operated. La-Z-Boy Furniture Galleries® stores help consumers
furnish their homes by combining the style, comfort and quality of La-Z-Boy
furniture with our available In-Home Design service. La-Z-Boy Comfort Studio®
locations are defined spaces within larger independent retailers that are dedicated
to displaying and selling La-Z-Boy branded products. Our other brands—England,
Kincaid, American Drew, and Hammary—enjoy distribution through a combined
1,500 dealers. Kincaid and England have their own dedicated proprietary in-store
programs with 500 outlets and over 1.5 million square feet of proprietary floor
space. In total, our proprietary floor space includes approximately 9.3 million
square feet.
Company Address: One La-Z-Boy Drive, Monroe, 48162 MI
Company Phone Number: 242-144 Stock Exchange / Ticker: NYSE LZB
| LZB is expected to report next financial results on November 29, 2023. |
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Customers Net Income grew by |
LZB's Customers Net Profit Margin grew to |
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12.75 %
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| Stock Performances by Major Competitors |
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Bassett Furniture Industries Incorporated
Bassett Furniture Industries Incorporated, a prominent player in the furniture industry, has experienced a significant decline in its stock performance over the past five trading days. Additionally, its year-to-date performance shows a substantial decrease of -16.72%. Interpreting the financial results provided, we aim to analyze how these negative trends will impact the company going forward.
1. Declining Business and Increased Shortfall:
The most recent fiscal period saw Bassett Furniture Industries Incorporated facing a declining business, leading to an increase in its shortfall per share. The shortfall rose from $0.82 to $-0.30, indicating a worrisome negative trend. This decline in earnings per share reflects challenges faced by the company, and leaves investors concerned about its future profitability.
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Hooker Furnishings Corporation
Hooker Furnishings Corporation is a furniture company that experienced significant declines in income, profit, and revenue for the fiscal year ending on July 30, 2023. The company's income fell sharply by 84.78% to $0.07 per share compared to $0.46 per share the previous year. Profit also plummeted by 46.15% from $0.13 per share in the previous reporting period.
One of the main reasons for the decrease in income and profit was a decline in revenue. The company's revenue faded by 36.34% to $97.34 million from $152.91 million in the comparable reporting period a year prior. Additionally, sequentially, revenue fell by 20.091% from $121.82 million.
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Williams Sonoma Inc
Williams Sonoma Inc, a renowned American retailer specializing in high-quality home furnishings and kitchenware, has experienced a decline in revenue and bottom-line in the May to July 30, 2023 time-frame. The company saw a significant decrease of 19.38% in income to $3.12 per share, while revenue fell by 12.862% year on year. Comparing the current period to the second quarter of 2022, revenue dropped from $2.14 billion to $1.86 billion.
However, it is important to note that the company's bottom-line showed growth of 32.77% from $2.35 per share in the preceding fiscal period. Additionally, revenue doubled by an impressive 175.919% from $675.06 million. Nonetheless, the net income of $201.507 million in the May to July 30, 2023 fiscal period declined by 24.55% from $267.075 million during the corresponding period the previous year.
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Preaxia Health Care Payment Systems Inc
Preaxia Health Care Payment Systems Inc, a leading provider of healthcare payment systems, has recently released its financial results for the period spanning March to May 31, 2023. The company reported balanced books with a per-share value of $0.00, which remained unchanged from the previous year. Additionally, the revenue for this period was recorded at $0.00 million, staying consistent with the prior reporting period.
In terms of net loss, Preaxia Health Care Payment Systems Inc reported a loss of $-0.037 million during this span, which was an improvement from the deficit of $-0.049 million reported in the same period a year ago. The company's financial performance seems to be stabilizing, as indicated by the reduced loss.
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Flexsteel Industries Inc
Flexsteel Industries Inc, a furniture and fixtures company, has reported positive results for the April to June 30, 2023 time-frame. The company's bottom-line has turned positive, with earnings per share of $1.97 compared to a loss of $0.05 in the previous year. This represents a significant improvement of 604.51% in income per share. However, the revenue declined by 15.615% to $105.07 million from $124.52 million in the same period last year.
Despite the decline in revenue, Flexsteel Industries Inc achieved earnings of $10.161 million in the April to June period, which is a major improvement from a net shortfall of $-0.271 million in the same period last year. One of the key factors contributing to this positive outcome is the $6.36 million tax provisions received by the company.
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| Per Share |
Current |
| Earnings (TTM) |
3.23 $ |
| Revenues (TTM) |
51.37 $
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| Cash Flow (TTM) |
2.28 $ |
| Cash |
7.85 $
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| Book Value |
22.24 $
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| Dividend (TTM) |
0.53 $ |
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| Per Share |
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| Earnings (TTM) |
3.23 $
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| Revenues (TTM) |
51.37 $ |
| Cash Flow (TTM) |
2.28 $ |
| Cash |
7.85 $
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| Book Value |
22.24 $ |
| Dividend (TTM) |
0.53 $ |
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4.63% 