EXHIBIT 99.1 La-Z-Boy Incorporated Reports Strong Second Quarter Results; Retail Segment Delivered Sales Up 3%; Board Approves 10% Increase to Quarterly Dividend Fiscal 2025 Second Quarter Highlights: • Consolidated delivered sales of $521 million – Up 2% versus prior year • Retail segment sales increased 3% – Led by independent La-Z-Boy Furniture Galleries acquisitions, new stores, and record Labor Day sales results • GAAP and Non-GAAP diluted EPS of $0.71 • Delivered sales and Non-GAAP operating margin ah ...

Fiscal 2025 Second Quarter Highlights: Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP(1) diluted EPS of $0.71Delivered sales and Non-GAAP(1) operating margin ahead of guidanceCompany-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleri ...

In the United States, at least, one of the most iconic furniture brands out there is undoubtedly La-Z-Boy (NYSE: LZB ). In general, I do try to stay away from companies in the retailCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussio ...

MONROE, Mich., Nov. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024 after the close of trading on the New York Stock Exchange on Tuesday, November 19, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, November 20, 2024. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number ...

Showcases new visual elements and product offerings aimed to deliver the transformational power of comfort across all generations Demonstrates continued Century Vision progress, and reinforces company's commitment to the industry HIGH POINT, N.C., Oct. 25, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has opened its newly renovated showroom at High Point Market in Furniture Plaza, High Point, North Carolina. The remodeled, ...

MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, Vice President, Finance and Treasurer, will succeed Lucian as Senior Vice President and Chief Financial Officer beginning January 1, 2025. Luebke has nearly 20 years of finance experience, ...

MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Off ...

La-Z-Boy Inc. NYSE: LZB stock dropped 7% after the home furnishings retailer reported earnings on August 20. The report itself was fine with revenue and earnings beating analysts' expectations and revenue coming in higher year-over-year (YOY). The company also noted that its Wholesale segment was the key reason the company posted growth in delivered sales for the quarter. This is part of the company's Century Vision channel expansion strategy that has goals of growing revenue at 2x the industry average and ...

Financial Data and Key Metrics Changes - Consolidated delivered sales for Q1 2025 were $496 million, an increase of 3% year-over-year [4][19] - Non-GAAP operating margin was 6.6%, with non-GAAP EPS at $0.62, unchanged from the prior year [4][19] - Operating cash flow was $52 million, double the amount from the previous year [4][23] - The company ended the quarter with $342 million in cash and no external debt [4][23] Business Line Data and Key Metrics Changes - Retail segment delivered sales decreased by 3% to $202 million, impacted by prior year backlog deliveries [20] - Wholesale segment delivered sales increased by 5% to $351 million, driven by higher volume to external customers [20][21] - Joybird reported delivered sales of $35 million, down 3% year-over-year, but showed improved operating performance [21][16] Market Data and Key Metrics Changes - Same-store sales for company-owned retail declined by 3%, consistent with industry trends [7][19] - The overall furniture and home furnishings industry also saw a 3% decline in sales for the quarter [7] Company Strategy and Development Direction - The company is focused on its Century Vision strategy, aiming for top-line growth at double the market rate and consistent double-digit operating margins [9][25] - Plans to expand the La-Z-Boy Furniture Galleries network to approximately 400 stores over the next several years [10] - The company is enhancing its channel strategy to increase brand reach and improve customer access [12] Management Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in the furniture industry due to high mortgage rates and economic uncertainty but expressed optimism about potential Fed rate cuts stimulating demand [5][18] - The company expects continued challenges in the macro environment but remains confident in outperforming the market [26][18] Other Important Information - The company returned $42 million to shareholders through dividends and share repurchases [24] - Capital expenditures for the quarter were $16 million, primarily for retail store openings and upgrades [24] Q&A Session Summary Question: Traffic trends at retail during the quarter - Management noted that traffic remains challenged but strengthened around major holidays like Memorial Day [32][33] Question: Progress on restructuring and margin expectations - Management is making progress on margin improvements but noted delays in hiring and productivity in Mexico [34] Question: Changes in advertising plans due to demand - Management is continuously optimizing advertising spend in response to current consumer demand [35] Question: Competitive landscape and pricing - Management highlighted opportunities to gain market share due to industry consolidation and noted that input costs remain high [38][40] Question: Retail margins outlook - Management expects retail margins to improve in the second half of the year, typically the strongest period for the segment [41] Question: Drivers of wholesale segment sales increase - Management attributed the increase to a return of external customers and new partnerships, such as with Rooms To Go [42][44] Question: Impact of casegoods business on margins - Management confirmed that surcharges have been implemented to offset higher container rates, but there may be a temporary mismatch in costs [53]

La-Z-Boy Incorporated (LZB) posted decent first-quarter fiscal 2025 (ended Jul 27, 2024) results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same. The top line increased on a year-over-year basis, driven by increased delivered volume in the Wholesale segment. The company is committed to long-term investment despite near-term challenges in the furniture industry. Owing to the industry headwinds, it expects a modest improvement in second-quarter fiscal 2025 sales compared with ...