La z boy Incorporated (LZB) |
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Price: $36.5300
$0.48
1.331%
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Day's High:
| $36.85
| Week Perf:
| -0.41 %
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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 |
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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
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Customers Net Income fell by |
LZB's Customers Net Profit Margin fell to |
-46.94 % |
3.63 %
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Stock Performances by Major Competitors |
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La Z Boy Incorporated
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.
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Product Service News
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...
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La Z Boy Incorporated
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.
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La Z Boy Incorporated
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.
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La Z Boy Incorporated
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.
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Per Share |
Current |
Earnings (TTM) |
2.71 $ |
Revenues (TTM) |
47.53 $
|
Cash Flow (TTM) |
1.14 $ |
Cash |
7.71 $
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Book Value |
22.87 $
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Dividend (TTM) |
0.56 $ |
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Per Share |
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Earnings (TTM) |
2.71 $
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Revenues (TTM) |
47.53 $ |
Cash Flow (TTM) |
1.14 $ |
Cash |
7.71 $
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Book Value |
22.87 $ |
Dividend (TTM) |
0.56 $ |
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