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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.

Company Overview

La-Z-Boy Inc is widely acknowledged as one of the most recognized names in residential furniture production, renowned for its quality upholstered furniture and recliners. With a core focus on enhancing the comfort and lifestyle of its consumers through innovative design and dependable manufacturing, the company operates at the intersection of robust wholesale operations and extensive retail distribution. The integrated business model combines state-of-the-art manufacturing processes with a widespread retail network, ensuring that quality home furnishings reach diverse markets across North America and beyond.

Business Model and Operational Excellence

The company generates revenue primarily through its wholesale segment, which is dedicated to the design, manufacturing, and importation of high-quality upholstered furniture. This model is complemented by its retail arm, which markets and sells furniture products directly to consumers. This comprehensive approach to both production and distribution allows La-Z-Boy to maintain a competitive edge by controlling many aspects of its supply chain while meeting the diverse needs of its extensive customer base.

Manufacturing and Product Quality

Central to La-Z-Boy's operations is its commitment to superior craftsmanship and innovative production techniques. Its state-of-the-art manufacturing plants use advanced technology and strict quality control measures to produce a wide range of upholstery and case goods for every room in the home. Emphasizing comfort and durability, each piece of furniture is designed to meet exacting standards, ensuring longevity and sustained customer satisfaction. The company’s quality commitment is underpinned by rigorous safety protocols, which have set new benchmarks within the U.S. furniture industry.

Retail and Distribution Network

La-Z-Boy boasts a well-established retail presence with hundreds of stores spanning the United States and Canada. This extensive network facilitates direct consumer engagement and provides a tactile experience of the brand's quality and comfort. Additionally, the company’s strong distribution network ensures that its products are accessible not only through physical retail locations but also through strategic partnerships that extend its reach to various international markets. This dual-channel approach supports a seamless transition from manufacturing excellence to consumer accessibility.

Design, Innovation, and Market Position

Innovation in design and a continuous focus on consumer comfort are core tenets of La-Z-Boy's value proposition. The company skillfully integrates evolving consumer insights with traditional craftsmanship to create furniture that is both aesthetically appealing and ergonomically sound. Industry-specific keywords such as residential furniture, upholstery, and recliners underscore its expertise in the home comfort arena. With a long heritage marked by dependable performance in safety and quality, La-Z-Boy has solidified its competitive market position against various industry rivals by ensuring that every product embodies the combination of comfort, durability, and innovative design.

Corporate Citizenship and Operational Integrity

Understanding that high performance is also linked to responsible corporate citizenship, La-Z-Boy has consistently demonstrated an unwavering commitment to both its employees and the communities it serves. The company’s dedication to maintaining exemplary safety standards, along with internal measures for quality, showcase a transparent operational model built on years of industry experience. Corporate initiatives have included significant contributions to non-profit organizations and a continued emphasis on improving workplace safety, reflecting a balanced approach to business that merges profitability with social responsibility.

Competitive Landscape and Market Dynamics

Within the competitive landscape of the furniture industry, La-Z-Boy differentiates itself through a blend of innovative manufacturing, strong retail operations, and efficient distribution channels. The company’s extensive market footprint is bolstered by its ability to adapt product offerings to meet the unique needs of consumers while maintaining a steadfast commitment to quality. This operational resilience and its continuous focus on optimizing safety and production efficiency enable La-Z-Boy to remain a prominent figure in the market amid diverse industry challenges.

Summary of Business Model

  • Wholesale Segment: Specializes in high-quality production and importation of upholstered furniture.
  • Retail Segment: Operates an expansive network of stores that connect directly with consumers.
  • Manufacturing Excellence: Utilizes advanced, technology-driven processes combined with rigorous quality and safety standards.
  • Distribution Network: Ensures widespread accessibility of furniture products through both domestic and international channels.
  • Design Innovation: Merges traditional craftsmanship with modern ergonomic design, ensuring each piece offers comfort and durability.
  • Corporate Citizenship: Balances operational success with commitment to employee welfare and community contributions.

Through these meticulously curated operational strategies and business philosophies, La-Z-Boy Inc has established itself as an emblematic brand in the residential furniture industry. Its comprehensive approach, spanning from advanced manufacturing to a consumer-centric retail model, continues to reflect a deep understanding of market dynamics and an unwavering dedication to quality. This detailed overview encapsulates the company's ability to consistently deliver on its promise of comfort and durability, emphasizing its significant role as a trusted manufacturer and distributor in the home furnishings space.

News
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La-Z-Boy Incorporated (NYSE: LZB), a leading residential furniture producer, announced that CEO Melinda Whittington and CFO Bob Lucian will present at the Sidoti Fall Virtual Investor Conference on September 22, 2021, at 8:30 a.m. Eastern. The presentation will be available via live webcast. La-Z-Boy operates numerous brands, including England and Joybird, and has a robust distribution network with 352 La-Z-Boy Furniture Galleries and 560 independent Comfort Studio locations. For more information about the company and future updates, investors can visit their official site.

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La-Z-Boy Incorporated (NYSE: LZB), a leader in residential furniture, announced that Melinda Whittington, CEO, and Bob Lucien, CFO, will present at the Raymond James Consumer Conference on September 14, 2021, at 2:20 p.m. ET. The presentation will be available via live webcast and archived for one year. La-Z-Boy operates a vast distribution network, including 352 La-Z-Boy Furniture Galleries and 560 independent Comfort Studio locations, along with its e-commerce platform Joybird. Additional financial information and updates can be accessed through their SEC filings and news releases.

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La-Z-Boy reported an impressive 84% increase in consolidated sales, reaching $524.8 million for Q1 of fiscal 2022, driven by strong demand across business units. The company's GAAP operating margin rose to 6.5% from 1.5% year-over-year. Net income per diluted share increased to $0.54 compared to $0.10 in Q1 2021. Additionally, La-Z-Boy's Board increased share repurchase authorization to 9 million shares, representing around 20% of outstanding shares. Though facing rising commodity costs, the outlook remains positive with expectations of improved margins in subsequent quarters.

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La-Z-Boy Incorporated (NYSE: LZB) will announce its fiscal 2022 Q1 earnings post-market on August 17, 2021. The investor conference call, scheduled for August 18, 2021, at 8:30 a.m. ET, will be accessible via dial-in and webcast, with a replay option available for a week thereafter. La-Z-Boy, a leading residential furniture maker, operates 354 La-Z-Boy Furniture Galleries and various other brands. Investors can find additional financial disclosures through the SEC filings on their website.

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La-Z-Boy (NYSE: LZB) announced a $30 million investment in its Neosho, MO manufacturing facility over two years to upgrade operations and build a new parts distribution center. This facility, which employs about 950 people, is crucial for producing La-Z-Boy products. The upgrades aim to enhance productivity and employee working conditions, with plans to hire over 100 additional workers. A groundbreaking ceremony is scheduled for August 11, 2021. This strategic investment comes as part of La-Z-Boy's efforts to strengthen its manufacturing capabilities in response to increasing product demand.

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La-Z-Boy Incorporated (LZB) reported record fourth-quarter sales of $519.5 million, a 41% increase year-over-year, driven by strong demand and increased production capacity. The company achieved a GAAP operating margin of 9.6% and non-GAAP EPS of $0.87, compared to $0.05 a year earlier. For the full fiscal year, sales rose 1.8% to $1.7 billion, with net income of $2.30 per diluted share. Cash flow from operations reached $310 million, boosting cash reserves to $395 million. The outlook indicates continued strong demand but warns of potential profit margin pressure due to rising raw material costs.

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La-Z-Boy Incorporated (NYSE: LZB) is set to announce its fiscal 2021 fourth-quarter and full-year results on June 15, 2021. The quarterly investor conference call is scheduled for June 16, 2021, at 8:30 a.m. ET, accessible via a live dial-in or webcast. The conference call will be archived online for one year. La-Z-Boy is a prominent residential furniture manufacturer, known for brands including England and Joybird, with a distribution network of 351 La-Z-Boy Furniture Galleries and 563 independent Comfort Studio locations.

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La-Z-Boy has declared a quarterly cash dividend of $0.15 per share, payable on June 15, 2021, to shareholders of record by June 1, 2021. This announcement highlights the company's ongoing commitment to returning value to its shareholders amidst its operations in furniture production and retail.

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La-Z-Boy Incorporated (NYSE: LZB) has finalized a significant 10-year virtual power purchase agreement (VPPA) with AEP Energy Partners, aimed at reducing its carbon footprint. This agreement, extending through 2030, will support approximately 70,000 MWh of renewable energy annually from the Santa Rita East wind energy center in Texas. The VPPA will provide La-Z-Boy with renewable energy certificates equivalent to about 16 MW of wind power capacity, covering over 90% of its annual domestic energy consumption. This initiative reflects La-Z-Boy's commitment to sustainability.

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FAQ

What is the current stock price of La-Z-Boy (LZB)?

The current stock price of La-Z-Boy (LZB) is $39.57 as of April 1, 2025.

What is the market cap of La-Z-Boy (LZB)?

The market cap of La-Z-Boy (LZB) is approximately 1.6B.

What is La-Z-Boy Inc's core business?

La-Z-Boy Inc is primarily engaged in the manufacturing, distribution, and retailing of high-quality upholstered furniture. The company focuses on products that offer exceptional comfort and durability for residential settings.

How does La-Z-Boy generate revenue?

The company generates revenue through a dual-channel model that encompasses a strong wholesale segment for manufacturing and importation, along with a retail segment that operates dedicated stores and partners with distributors.

What distinguishes La-Z-Boy in the furniture industry?

La-Z-Boy differentiates itself through a commitment to innovative design, superior craftsmanship, and strict quality control. Its operational excellence in both manufacturing and distribution solidifies its reputation for durability and comfort.

How extensive is La-Z-Boy's distribution network?

La-Z-Boy maintains an extensive distribution network that includes a sprawling retail presence in the U.S. and Canada, along with strategic partnerships that extend its reach to international markets. This network ensures widespread access to its products.

How does the company ensure high product quality?

The company employs advanced manufacturing techniques and rigorous quality control measures throughout its production processes. Consistent safety standards and performance benchmarks underscore its commitment to capturing consumer trust.

What are the key segments in La-Z-Boy's operations?

La-Z-Boy's operations are divided into two primary segments: the Wholesale segment focused on manufacturing and importing furniture, and the Retail segment dedicated to direct consumer sales through company-operated stores and external retail channels.
La-Z-Boy Inc

NYSE:LZB

LZB Rankings

LZB Stock Data

1.63B
40.97M
0.74%
101.85%
5.43%
Furnishings, Fixtures & Appliances
Household Furniture
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United States
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