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La z boy Incorporated  (LZB)
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La Z Boy Incorporated's

Competitiveness


 

LZB Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, La Z Boy Incorporated reported Revenue decrease in the 4 quarter 2023 year on year by -12.65 %, faster than the overall decrease of La Z Boy Incorporated's competitors by -5.01 %, recorded in the same quarter.

List of LZB Competitors

With a net margin of 5.73 % La Z Boy Incorporated achieved higher profitability than its competitors.

More on LZB Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


La z boy IncorporatedNet Income in the 4 quarter 2023 fell year on year by -9.16%, while most of its competitors have experienced a net loss.

<<  LZB Stock Performance Comparisons


La Z Boy Incorporated's Comment on Competitors and Industry Peers


We are the second largest manufacturer/distributor of residential (living and family room, bedroom, and dining room) furniture in the United States, as measured by annual sales volume.

In the Upholstery segment, our largest competitors are Ashley, Bassett, Bernhardt, Best Chair, Ethan Allen, Flexsteel, Heritage Home Group, Klaussner, Man Wah, and Natuzzi.

In the Casegoods segment, our main competitors are Bassett, Bernhardt, Ethan Allen, Heritage Home Group, Hooker Furniture, Lacquer Craft, and Stanley Furniture. The Casegoods segment faces additional market pressures from foreign manufacturers entering the United States market and increased direct purchases from foreign suppliers by large United States retailers.

The La-Z-Boy Furniture Galleries® stores operate in the retail furniture industry throughout North America, and different stores have different competitors based on their geographic locations. Competitors include: Arhaus, Ashley, Bassett Furniture Direct, Crate and Barrel, Ethan Allen, Restoration Hardware, Thomasville Home Furnishings Stores, Williams-Sonoma, several other regional competitors (for example Art Van Furniture, Raymour & Flanigan Furniture, and Slumberland Furniture), and family-owned independent furniture stores.

In addition to the larger competitors listed above, a substantial number of small and medium-sized companies operate within our business segments, all of which are highly competitive.

Over the past decade alternative distribution channels have increasingly affected our retail markets. Companies such as Costco, Home Depot, IKEA, Sams Club, Target, Wal-Mart, and others offer products that compete with some of our product lines. The increased ability of consumers to purchase furniture through various furniture manufacturers and retailers internet websites has also increased competition, including companies such as QVC and Wayfair which operate with lower overhead costs than a brick-and mortar-retailer.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -12.65 % and company lost market share, to approximately 9.17 %.




<<  More on LZB Market Share.
 
*Market share is calculated based on total revenue.

  News about La z boy Incorporated Contracts

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

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 major renovations of its showrooms, particularly at imperative industry furniture markets.La-Z-Boy?s investment strategy is centered on the lease extension of its portfolio of selective showrooms. High Point Market in Furniture Plaza, High Point, NC, and Las Vegas Market, B555 at World Market Center Las Vegas, NV, emerged as the principal ...





Who are La z boy Incorporated's Competitors?




Big Lots Inc
Share Performance



-43.26%
This Quarter



Big Lots Inc
Profile

Big Lots Inc operates as a discount retailer that offers a wide variety of merchandise at lower prices than traditional retailers.

More about Big Lots Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 106.066 mill. $ 4,831.389 mill. $ -463.630 mill.


Bassett Furniture Industries Incorporated
Share Performance



-6.17%
30 Days



Bassett Furniture Industries Incorporated
Profile

Bassett Furniture Industries Incorporated's business model revolves around designing, manufacturing, and selling high-quality furniture products to consumers.

More about Bassett Furniture Industries Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 128.690 mill. $ 389.488 mill. $ -3.171 mill.


Ethan Allen Interiors Inc
Share Performance



+4.62%
30 Days



Ethan Allen Interiors Inc
Profile

Ethan Allen Interiors Inc operates as a furniture manufacturer and retailer, offering a range of home furnishings, decor, and accessories. Their business model centers around designing and manufacturing high-quality, customizable furniture collections while also operating a network of branded retail stores and an e-commerce platform.

More about Ethan Allen Interiors Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 835.538 mill. $ 704.511 mill. $ 80.111 mill.


Flexsteel Industries Inc
Share Performance



+66.10%
One Year



Flexsteel Industries Inc
Profile

Flexsteel Industries Inc is a furniture manufacturing company that operates on a business-to-business model. They specialize in the production and distribution of high-quality residential and commercial upholstered and wooden furniture. Their business model involves selling their products to retailers, wholesalers, and interior designers who then make them available to consumers.

More about Flexsteel Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 182.750 mill. $ 391.673 mill. $ 15.241 mill.


Hni Corporation
Share Performance



-0.86%
30 Days



Hni Corporation
Profile

HNI Corporation's business model revolves around manufacturing and selling office furniture and hearth products. They generate revenue by providing high-quality and customizable solutions to businesses and consumers in the office furniture and fireplace industries.

More about Hni Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,966.646 mill. $ 2,433.300 mill. $ 49.200 mill.


Hooker Furnishings Corporation
Share Performance



-3.77%
30 Days



Hooker Furnishings Corporation
Profile

Hooker Furnishings Corporation is a company that operates in the home furnishings industry by designing, manufacturing, and selling a wide range of furniture products.

More about Hooker Furnishings Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 253.448 mill. $ 477.676 mill. $ 7.425 mill.


Leggett and Platt Inc
Share Performance



-39.80%
One Year



Leggett and Platt Inc
Profile

Leggett and Platt Inc operates as a diversified manufacturer that designs and produces a range of engineered components and products for various industries such as bedding, furniture, automotive, and aerospace, among others. Their business model focuses on providing innovative solutions and strategic partnerships, leveraging their expertise in engineering and manufacturing to deliver high-quality products to meet customer needs and drive long-term growth.

More about Leggett and Platt Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,518.488 mill. $ 4,724.800 mill. $ -136.800 mill.


Millerknoll Inc
Share Performance



+14.91%
This Year



Millerknoll Inc
Profile

Millerknoll Inc operates under a direct-to-consumer business model, selling a wide range of customizable home furniture and decor products. By bypassing traditional brick-and-mortar retail channels, the company focuses on selling its products directly to customers through its online platform, offering convenience, affordability, and a personalized shopping experience. The company also emphasizes sustainability by using eco-friendly materials and manufacturing processes.

More about Millerknoll Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,266.089 mill. $ 3,897.200 mill. $ 83.300 mill.


Nova Lifestyle Inc
Share Performance



-8.88%
Over The Past 5 Days



Nova Lifestyle Inc
Profile

Nova Lifestyle Inc is a furniture manufacturer and distributor that specializes in creating and selling a wide range of innovative and stylish home furnishings. Their business model focuses on designing and producing high-quality furniture items at competitive prices. They primarily operate through partnerships with retailers and e-commerce platforms to reach a larger customer base and maximize their sales potential.

More about Nova Lifestyle Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2.383 mill. $ 10.034 mill. $ -11.849 mill.


Steelcase Inc
Share Performance



+0.71%
Over The Past 5 Days



Steelcase Inc
Profile

Steelcase Inc operates as a leading manufacturer of office furniture and architectural interiors. The company follows a business model based on producing and selling innovative workplace solutions that enhance collaboration, productivity, and employee well-being. Steelcase also emphasizes sustainability and designs its products to have a minimal environmental impact.

More about Steelcase Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,509.200 mill. $ 3,186.100 mill. $ 75.500 mill.


Tempur Sealy International Inc
Share Performance



+12.13%
This Quarter



Tempur Sealy International Inc
Profile

Tempur Sealy International Inc operates as a global manufacturer, marketer, and distributor of mattresses, bedding, and related products. The company follows a business model that involves designing and producing premium, innovative products using its proprietary TEMPUR material. These products are then sold through a diverse network of retail partners, including third-party retailers, online channels, and company-owned stores, enabling Tempur Sealy International Inc to reach a wide range of customers worldwide.

More about Tempur Sealy International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,306.913 mill. $ 4,924.700 mill. $ 370.700 mill.


Williams sonoma Inc
Share Performance



+40.31%
This Year



Williams sonoma Inc
Profile

Williams Sonoma Inc's business model revolves around offering a diverse range of high-quality home furnishings, kitchenware, and specialty food items through its various retail brands and e-commerce channels. They focus on delivering exceptional customer experiences, providing expert product knowledge, and maintaining strong supplier relationships to continually innovate and satisfy their customers' needs.

More about Williams sonoma Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18,477.431 mill. $ 5,401.173 mill. $ 950.316 mill.



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