Corporate Strategy and Sustainability - La-Z-Boy Incorporated has released its fiscal year 2024 Impact Report, emphasizing sustainability as a core business principle integrated into its corporate strategy and operations [1] - The company's Century Vision strategy aims to elevate brand reach, strengthen enterprise capabilities, and drive profitable, sustainable growth leading up to its 100th anniversary in 2027 [5] - La-Z-Boy Incorporated has received SBTi validation for its near-term targets, including a 64% reduction in Scope 1 emissions, a 62% reduction in Scope 2 emissions, and a 51% reduction in Scope 3 emissions by fiscal year 2032, advancing toward its 2050 net-zero goal [6] Environmental and Operational Achievements - The company achieved a 96% recycling rate for all non-hazardous waste and a 20% year-over-year reduction in hazardous waste generation [6] - Renewable energy sources covered 75% of U.S. and 64% of global electricity consumption [6] - La-Z-Boy Incorporated adopted the TranZform Initiative across all manufacturing facilities, focusing on sustainability and employee empowerment through six core initiatives [6] Community and Social Impact - The La-Z-Boy Foundation donated over $1.4 million, and as the official furniture partner for Ronald McDonald House Charities, the company gifted over 16,000 pieces globally [6] - The company preserved, restored, and rewilded a 120-acre plot surrounding its World Headquarters in Monroe, Michigan, and planted a community garden that harvested 283 pounds of produce [6] Business Operations and Market Presence - La-Z-Boy Incorporated operates 193 company-owned La-Z-Boy Furniture Galleries® stores and is part of a broader network of over 350 stores nationwide, including La-Z-Boy.com [7] - Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. [7] - The Wholesale segment includes manufacturing for Furniture Galleries® and other retail channels, with brands like England Furniture Co., Kincaid®, American Drew®, and Hammary® offering custom and casegoods furniture [7]

Company Overview - La-Z-Boy Incorporated is a global leader in the retail and manufacture of residential furniture, operating as a vertically integrated furniture retailer and manufacturer [2] - The company was founded in 1927 with the invention of the iconic recliner and is committed to uncompromising quality and compassion for its consumers [2] - La-Z-Boy operates 193 company-owned La-Z-Boy Furniture Galleries stores and is part of a broader network of over 350 La-Z-Boy Furniture Galleries nationwide [3] - The company also owns Joybird, an e-commerce retailer and manufacturer of modern upholstered furniture with 12 stores in the US [3] - In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries and various retail channels, including England Furniture Co, Kincaid, American Drew, and Hammary [3] Upcoming Event - La-Z-Boy's Board Chair, President, and CEO Melinda D Whittington and SVP and CFO Taylor Luebke will present at the 2025 ICR Conference on January 13, 2025, at 4:30 pm Eastern Time [1] - The presentation will be webcast live and archived at https://lazboy.gcs-web.com/ [1]

It's been a mixed bag for the furniture industry. While things have cooled down for most, La-Z-Boy (NYSE: LZB ) has been heating up. Their solid Q2 results show that their Century Vision strategy isI am an equities market enthusiast that has tried many different approaches over a decade, and found that value investing aligns best with my personality and has produced the best results for me. With rare exceptions, I don't believe investors can beat the market benchmark (S&P 500) over long timeframes, so a lar ...

Core Viewpoint - La-Z-Boy Incorporated has announced leadership changes, with Melinda Whittington being elected as Chair of the Board, while Michael Lawton returns to his role as independent Lead Director, effective December 11, 2024 [1][2][4]. Leadership Changes - Melinda Whittington, who has been the President and CEO since 2021, will now also serve as Chair of the Board, reflecting the Board's confidence in her leadership to drive long-term value [1][2][4]. - Michael Lawton, who has been Chair since May 2022, will revert to his previous position as independent Lead Director, indicating a shift in leadership structure [1][5]. Leadership Background - Melinda Whittington has a strong background in finance, having previously served as CFO at Allscripts Healthcare Solutions and Kraft Foods Group, and has been with La-Z-Boy since 2021 [4]. - Michael Lawton has been a director since 2013 and has extensive experience, including roles at Domino's Pizza and Gerber Products Company, showcasing a wealth of leadership experience [5]. Company Overview - La-Z-Boy Incorporated operates as a vertically integrated furniture retailer and manufacturer, known for its iconic recliner since 1927, and is committed to quality and consumer compassion [6]. - The company has 193 company-owned La-Z-Boy Furniture Galleries® stores and a broader network of over 350 stores, along with an e-commerce platform through La-Z-Boy.com [7].

MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board’s periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board.Michael Lawton, who has served as Chair of the Board since May 2022, will ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. La-Z-Boy (LZB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.La-Z-Boy is one of 270 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #6 within t ...

La-Z-Boy Incorporated (LZB) posted decent second-quarter fiscal 2025 (ended Oct. 26, 2024) results, with earnings and sales beating the Zacks Consensus Estimate.The top line increased year over year, driven by higher delivered volume in the Retail segment, supported by growth from new and acquired stores. Written sales trends also remained solid, with the strongest performance during the Labor Day period. This was fueled by increased consumer traffic and strong in-store execution.Stay up-to-date with all qu ...

La-Z-Boy (LZB) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.23%. A quarter ago, it was expected that this furniture company would post earnings of $0.62 per share when it actually produced earnings of $0.62, delivering no surprise.Over the last four quarters, the company has surp ...

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 ...

Company Overview - La-Z-Boy Incorporated is a vertically integrated furniture retailer and manufacturer, known for its iconic recliner invented in 1927, and is committed to quality and consumer compassion [3]. Upcoming Financial Results - La-Z-Boy will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024, after the close of trading on November 19, 2024 [1]. - The quarterly investor conference call is scheduled for 8:30 a.m. Eastern Time on November 20, 2024 [1]. Conference Call Details - The conference call will be webcast live with corresponding slides available at https://lazboy.gcs-web.com/ [2]. - Dial-in numbers for the live conference call are (888) 506-0062 for U.S. and Canada callers, and (973) 528-0011 for international callers, with a participant access code of 770725 [2]. Retail and Wholesale Segments - The Retail segment includes approximately 190 company-owned La-Z-Boy Furniture Galleries® stores, part of a network of over 350 stores nationwide [4]. - Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, operates 12 stores in the U.S. [4]. - The Wholesale segment manufactures custom furniture for its Furniture Galleries® and various retail channels, including brands like England Furniture Co., Kincaid®, American Drew®, and Hammary® [4].