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La z boy Incorporated  (LZB)
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Price: $36.5300 $0.48 1.331%
Day's High: $36.85 Week Perf: -0.41 %
Day's Low: $ 35.77 30 Day Perf: -3.46 %
Volume (M): 2,990 52 Wk High: $ 39.87
Volume (M$): $ 109,236 52 Wk Avg: $31.54
Open: $35.77 52 Wk Low: $25.12



 Market Capitalization (Millions $) 1,578
 Shares Outstanding (Millions) 43
 Employees 8,700
 Revenues (TTM) (Millions $) 2,053
 Net Income (TTM) (Millions $) 119
 Cash Flow (TTM) (Millions $) 49
 Capital Exp. (TTM) (Millions $) 49

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.



   Company Address: One La-Z-Boy Drive, Monroe, 48162 MI
   Company Phone Number: 242-1444   Stock Exchange / Ticker: NYSE LZB
   


Customers Net Income fell by LZB's Customers Net Profit Margin fell to

-46.94 %

3.63 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BSET   -4.76%    
ETD   -0.37%    
LEG   -5.01%    
TPX   -3.68%    
HNI        3.66% 
MLKN        2.84% 
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La Z Boy Incorporated

Navigating the Storm: How La-Z-Boy Incorporated is Confronting Challenges in the Furniture Industry

As a financial analyst covering La-Z-Boy Incorporated, it is evident that the company has faced some challenges in the most recent fiscal period. The decrease in revenue and income can be concerning for investors, as it reflects a decline in the company's financial performance year on year. However, it is important to note that La-Z-Boy is making strategic investments in its showrooms to drive growth in the future.
The decline in revenue and income can be attributed to various factors, including slowing demand and a challenging competitive landscape in the furniture industry. Despite these challenges, La-Z-Boy remains committed to the industry and is taking steps to position itself for future success. The company's focus on renovating showrooms in key furniture markets demonstrates its dedication to expanding its customer base and driving sales.

Product Service News

La-Z-Boy Inc. Strengthens Commitment to Industry with Investments in Key Market Showrooms Despite Challenging Revenue Figures

Published Mon, Feb 5 2024 7:26 PM UTC

La-Z-Boy Incorporated (NYSE: LZB), a globally recognized leader in the production and retail of residential furniture, announced its renewed commitment to the furniture industry amidst a challenging competitive landscape marked by fluctuating revenues. This Michigan-based corporation unfolds a new chapter in its strategic plans by not only investing in but also undertaking m...

La Z Boy Incorporated

La-Z-Boy (LZB) Reports 41.12% Drop in EPS and 16.477% Decline in Revenue in Q2 Financials of 2024

In the second financial quarter of 2024, La-Z-Boy (LZB) reported a decrease in both top and bottom-line figures. Earnings per share (eps) dropped by 41.12% while revenue declined by 16.477% compared to the previous year. The company's revenue was $510.61 million with eps at $0.63, down from $611.33 million and $1.07, respectively, in the same period last year.
On a positive note, the Furniture & Fixtures sector, on average, experienced improvement in revenue during the second quarter of 2024. Although LZB's income per share remained unchanged at $0.63, its revenue grew by 6.215% from $480.73 million in the previous fiscal period.

La Z Boy Incorporated

La Z Boy Incorporated Faces Steep Profit and Revenue Plunge, Raising Concern Among Investors

Investors Concerned as La Z Boy Incorporated Posts Declining Profits and Revenue
In the first quarter of 2024, renowned furniture manufacturer La Z Boy Incorporated experienced a significant decrease in net profit per share, income, and revenue compared to the previous year. The company's net profit per share dropped by -29.21% to $0.63, down from $0.89, while income faded by -20.71% to $0.79 per share from the prior financial reporting period.
The decline in profitability was further highlighted by a substantial -20.421% decrease in revenue to $480.73 million, compared to $604.09 million in the corresponding financial reporting period a year ago. Additionally, revenue deteriorated by -14.353% from $561.29 million, resulting in a challenging quarter for the furniture giant.

La Z Boy Incorporated

La Z Boy Incorporated Witnesses Precipitous Decline in Q4 2023 EPS Amid Sagging Sales Figures

La Z Boy Incorporated, a leading Furniture & Fixtures company, recently released its financial report for the fourth quarter of 2023. The report revealed a disappointing performance, with both the top and bottom lines showing a significant decline compared to the previous year.
In terms of earnings per share (EPS), there was a sharp decline of -40.02%, falling from $1.32 to $0.79. This drop is a cause for concern and suggests that the company's profitability has been severely impacted. Additionally, revenue decreased by -18.008% year on year, dropping from $684.57 million to $561.29 million.






 

La Z Boy Incorporated's Segments
 
 
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