MONROE, Mich., Feb. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, announced its investment and ongoing support of key industry furniture markets. La-Z-Boy Incorporated is formally extending the lease for its portfolio of showrooms at High Point Market in Furniture Plaza, High Point, NC and Las Vegas Market, B555 at World Market Center Las Vegas, NV. La-Z-Boy is also committing to major renovations of its showrooms in Hi ...

MONROE, Mich., Jan. 03, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will present at the 2024 ICR Conference. The event will be held 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/. Investor Relations Cont ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ COMMISSION FILE NUMBER 1-9656 LA-Z-BOY INCORPORATED (Exact name of registrant as specified in its charter) | Michigan | | | 38-0751137 | | --- | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | | (I.R.S. Employer Identificati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ COMMISSION FILE NUMBER 1-9656 LA-Z-BOY INCORPORATED (Exact name of registrant as specified in its charter) | Michigan | | 38 ...

La-Z-Boy Incorporated (NYSE:LZB) Q4 2023 Earnings Conference Call June 21, 2023 8:30 AM ET Company Participants Bob Lucian - Chief Financial Officer Mark Becks - Director, Investor Relations and Corporate Development Melinda Whittington - President and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti and Company Zachary Donnelly - KeyBanc Operator Greetings. Welcome to the La-Z-Boy Fiscal 2023 Fourth Quarter Conference Call. At this time, all participants are in a listen-on ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 1-9656 LA-Z-BOY INCORPORATED (Exact name of registrant as specified in its charter) | Michigan | 38-0751137 | | --- | --- ...

A @ B O Y L INCORPORATED Investor Presentation March 2023 JOYBIRD LA@BOY England KINCAID am erican drew. HAMMARY | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|-------|-------|---------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | Wholesale 54% of Sales1 | | | La-Z-Boy ...

Financial Data and Key Metrics Changes - Consolidated sales for fiscal 2023 third quarter increased to $573 million, compared to the prior year quarter, driven by pricing and favorable product mix despite lower unit volume [34] - GAAP diluted EPS increased to $0.74 for the fiscal 2023 third quarter versus $0.65 in the prior year quarter, while non-GAAP diluted EPS increased 40% to $0.91 [22][60] - Consolidated GAAP operating margin increased to 7.5% from 6.9%, and non-GAAP operating margin increased to 9.3% from 7% in the previous year [22] Business Line Data and Key Metrics Changes - Retail segment delivered sales increased by 27% to $251 million, with same-store sales up 23% year-over-year, contributing 83% of the enterprise's operating income [23] - Wholesale segment delivered sales were $408 million, a 4% decline compared to the prior year, primarily due to a decline in delivered volume [6] - Joybird's delivered sales decreased 35% to $29 million versus the prior year third quarter, reflecting slowing e-commerce trends [62] Market Data and Key Metrics Changes - Total written sales for the retail segments were up 8% versus last year's third quarter, with same-store written sales comp at a positive 3% [30] - Written same-store sales for the entire La-Z-Boy's Furniture Galleries network, including independently owned galleries, were down 2% against the prior year period but up 7% against pre-pandemic fiscal 2020 [31] - Joybird's written sales were up 80% versus a pre-pandemic fiscal 2020 third quarter but down 21% versus last year's Q3 [32] Company Strategy and Development Direction - The company is focused on investing prudently to strengthen capabilities and drive long-term profitable growth through the Century Vision strategy [5] - Strategic investments in marketing and expanding the La-Z-Boy branded business are aimed at returning Joybird to profitable growth [5][20] - The company is refining channel strategies to expand distribution opportunities and meet consumer demands effectively [19] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the external macro environment but is optimistic about the company's ability to navigate challenges and emerge stronger [58][67] - The company acknowledges short-term uncertainty and is managing the business prudently while prioritizing investments in brands and capabilities [67] - Management noted that while some competitors are rolling back prices due to lower freight costs, the company is maintaining competitiveness through strategic pricing actions [99] Other Important Information - Consolidated gross margin for the quarter increased 480 basis points versus the prior year, primarily due to the retail segment's growth [38] - The company ended the period with $284 million in cash and no debt, reflecting strong cash generation and reduced inventory levels [39] - Year-to-date, the company returned $27 million to shareholders through dividends and share repurchases, with a temporary pause on share repurchases due to the uncertain macroeconomic environment [65] Q&A Session Summary Question: What are the trends in written sales? - Management noted positive trends in written sales, with improvements continuing into the fourth quarter [71] Question: How does the company view the competitive pricing environment? - Management indicated that while some competitors are rolling back prices, the company is sharpening price points to remain competitive without a broad reduction across the industry [99] Question: Are there notable differences in performance by region? - Management stated there are no dramatic differences by region, with trends leveling out across the board [76] Question: What is the outlook for margins considering input costs? - Management acknowledged that while some input costs are decreasing, labor costs remain a concern, and the ability to capture these benefits will depend on industry pricing behavior [90]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 LA-Z-BOY INCORPORATED (Exact name of registrant as specified in its charter) | Michigan | | | 38-0751137 | | --- | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | | (I.R.S. Employer Identification No.) | | One La-Z-Boy Drive, | Monroe, Michigan | | 48162-5138 | | (Address ...

La-Z-Boy Incorporated (NYSE:LZB) Q2 2023 Earnings Conference Call December 1, 2022 8:30 AM ET Company Participants Kathy Liebmann - Director, IR & Corporate Communications Melinda Whittington - President & CEO Bob Lucian - SVP & CFO Conference Call Participants Bobby Griffin - Raymond James Anthony Lebiedzinski - Sidoti Brad Thomas - Keybanc Capital Operator Good morning, ladies and gentlemen, and welcome to the La-Z-Boy Fiscal 2023 Second Quarter Conference Call. At this time, all participants have been pl ...