La-Z-Boy (LZB) Q4 Earnings and Sales Beat Estimates, Down Y/Y [Yahoo! Finance]
La-Z-Boy Incorporated (LZB)
Last la-z-boy incorporated earnings: 2/18 04:15 pm
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US:NYSE Investor Relations:
lazboy.gcs-web.com/investor-overview
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Source: Yahoo! Finance
The metrics declined on a year-over-year basis due to reduced spending on furniture and home furnishings, with overall store visits declining. Housing market activity slowed due to higher interest rates. LZB reported its strongest execution to date, with record-high conversion rates and increasing average sales per customer. The company expects industry conditions to remain volatile in the near term but is confident in its ability to outperform competitors and expand its market share over time. For the fiscal 2025, LZB expects the industry to face continued challenges, potentially declining by as much as 5%. Improved industry trends are anticipated later in the fiscal year, following expected interest rate cuts that may boost housing activity. Despite these challenges, LZB aims to outperform the industry in the fiscal 2025, with modest year-over-year sales growth supported by executing its Century Vision strategy. This includes opening 12-15 new La-Z-Boy Furniture Galleries store
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LZB
News
- La-Z-Boy's (NYSE:LZB) investors will be pleased with their respectable 41% return over the last year [Yahoo! Finance]Yahoo! Finance
- La-Z-Boy Incorporated Appoints Stitch Fix CEO Matt Baer to Board of DirectorsGlobeNewswire
- An Intrinsic Calculation For La-Z-Boy Incorporated (NYSE:LZB) Suggests It's 34% Undervalued [Yahoo! Finance]Yahoo! Finance
- La-Z-Boy (LZB) Q1 Earnings Match Estimates, Revenues Top [Yahoo! Finance]Yahoo! Finance
- Toll Brothers, La-Z-Boy, Alex Cooper on SiriusXM: Top Stocks [Yahoo! Finance Canada]Yahoo! Finance Canada
LZB
Earnings
- 8/21/24 - In-Line
LZB
Sec Filings
- 9/16/24 - Form 8-K
- 9/6/24 - Form 4
- 9/5/24 - Form 144
- LZB's page on the SEC website