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La-Z-Boy Inc - LZB STOCK NEWS

Welcome to our dedicated page for La-Z-Boy news (Ticker: LZB), a resource for investors and traders seeking the latest updates and insights on La-Z-Boy stock.

La-Z-Boy Incorporated (LZB) is a leading manufacturer of residential upholstered furniture, renowned for innovative recliners and comfort-focused designs. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives.

Access timely press releases and curated news coverage spanning earnings reports, product launches, manufacturing innovations, and retail expansions. Our aggregation ensures you stay informed about operational milestones, leadership updates, and market positioning within the furniture industry.

Key coverage areas include quarterly financial results, sustainability initiatives, retail network growth, and design partnerships. All content is verified for accuracy and relevance to support informed analysis of LZB's wholesale operations, retail strategies, and competitive dynamics.

Bookmark this page for streamlined access to La-Z-Boy's latest developments. Check regularly for updates reflecting the company's commitment to quality craftsmanship and evolving home comfort solutions.

Rhea-AI Summary
La-Z-Boy Incorporated (NYSE: LZB) reported fiscal 2024 third-quarter results with consolidated sales of $500 million, up 5% from the pre-pandemic third quarter but down 13% from the year-ago period. The company faced challenges due to winter weather events in January, impacting operations and sales. Despite this, La-Z-Boy saw gross margin expansion, generated $48 million in operating cash flow for the quarter, and acquired six independent La-Z-Boy Furniture Galleries® stores.
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La-Z-Boy Incorporated releases its fiscal year 2023 Sustainability Report, emphasizing commitments to environmental sustainability, social responsibility, and ethical governance. Key highlights include progress towards carbon neutrality, use of sustainably harvested wood, and expansion of employee giving programs.
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La-Z-Boy Incorporated (NYSE: LZB) will report its third quarter fiscal 2024 results on February 20, 2024, and hold its investor conference call on February 21, 2024. The call will be webcast live and archived on the internet. A telephone replay will be available for two weeks following the call.
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La-Z-Boy Incorporated announces significant investments in showroom renovations at key industry furniture markets, reflecting the company's financial stability and commitment to customer service. The company plans to extend the lease for its showrooms at High Point Market and Las Vegas Market, committing to major renovations to better serve its customers, partners, and stakeholders.
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La-Z-Boy Incorporated (NYSE: LZB) announced that Melinda D. Whittington, President and CEO, and Bob Lucian, SVP and CFO, will present at the 2024 ICR Conference on January 8, 2024, at 9:30 a.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/.
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La-Z-Boy Incorporated (NYSE: LZB) to participate in fireside chat at Morgan Stanley Global Consumer & Retail Conference
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La-Z-Boy Incorporated (NYSE: LZB) reported second quarter results for fiscal 2024, with sales totaling $511 million and a 1% increase in written same-store sales for the entire La-Z-Boy Furniture Galleries® network. The company achieved a GAAP diluted EPS of $0.63 and a Non-GAAP diluted EPS of $0.74. Operating cash flow for the year to date was $57 million, 84% above the year ago period, and the dividend was increased by 10% to $0.20 per share.
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La-Z-Boy Incorporated (NYSE: LZB) will report its second quarter fiscal 2024 results on November 29, 2023, and hold a conference call on November 30, 2023. The call will be webcast live and archived on the company's website.
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La-Z-Boy reports Q1 results, with sales of $482 million and a 2% increase in same-store sales. Operating margin was 7.2% on a GAAP basis. Q2 guidance includes sales of $490-$510 million and operating margin of 6.5%-7.5%.
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La-Z-Boy Inc

NYSE:LZB

LZB Rankings

LZB Stock Data

1.59B
40.97M
0.74%
101.85%
5.43%
Furnishings, Fixtures & Appliances
Household Furniture
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United States
MONROE