Latest news with #LZB
Yahoo
2 days ago
- Business
- Yahoo
La-Z-Boy Projects Sequential Decline in Fiscal First-Quarter Sales Amid Continued Industry Volatility
La-Z-Boy (LZB) projected lower fiscal first-quarter sales compared with the prior three-month period Sign in to access your portfolio
Business Insider
4 days ago
- Business
- Business Insider
La-Z-Boy reports Q4 adjusted EPS 92c, consensus 93c
Reports Q4 revenue $570.87M, consensus $557.44M. Melinda Whittington, board chair, president and CEO of La-Z-Boy (LZB), said, 'Our fourth quarter results reflect the ongoing strengthening of our brand and operations under our Century Vision strategy. We executed well throughout the year with sales growth across all of our segments and four consecutive quarters of top line growth, even as the industry contends with depressed housing fundamentals and growing macro uncertainty. We are controlling what we can control with distinct strategies and initiatives across each of our businesses. In Retail, we continue to grow our direct-to-consumer business, own the entire end-to-end consumer experience, and develop more value-added consumer insights. Through opening net new stores and also acquiring existing independent La-Z-Boy Furniture Galleries, we reached a new milestone in the quarter, growing our company-owned store footprint to over 200 stores, nearly doubling our store count over the last 10 years, and now owning 55% of the total network. In Wholesale, we continue to expand our brand reach with compatible strategic partners to serve more consumers. Additionally, we are successfully driving scale and efficiencies in our supply chain. This is highlighted by our core North America La-Z-Boy wholesale business achieving sales growth and margin expansion for four consecutive quarters during fiscal 2025, and continuing to strengthen as we initiate our multi-year distribution and delivery redesign.' Confident Investing Starts Here:
Yahoo
4 days ago
- Business
- Yahoo
La-Z-Boy (LZB) Lags Q4 Earnings Estimates
La-Z-Boy (LZB) came out with quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.08%. A quarter ago, it was expected that this furniture company would post earnings of $0.67 per share when it actually produced earnings of $0.68, delivering a surprise of 1.49%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. La-Z-Boy , which belongs to the Zacks Furniture industry, posted revenues of $570.87 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.21%. This compares to year-ago revenues of $553.53 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. La-Z-Boy shares have lost about 10.7% since the beginning of the year versus the S&P 500's gain of 2.6%. While La-Z-Boy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for La-Z-Boy: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.64 on $502.4 million in revenues for the coming quarter and $3.23 on $2.16 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Bassett Furniture (BSET), is yet to report results for the quarter ended May 2025. This furniture seller is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents a year-over-year change of +179%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bassett Furniture's revenues are expected to be $81.2 million, down 2.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report La-Z-Boy Incorporated (LZB) : Free Stock Analysis Report Bassett Furniture Industries, Incorporated (BSET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Business
- Yahoo
La-Z-Boy: Fiscal Q4 Earnings Snapshot
MONROE, Mich. (AP) — MONROE, Mich. (AP) — La-Z-Boy Inc. (LZB) on Tuesday reported earnings of $14.9 million in its fiscal fourth quarter. On a per-share basis, the Monroe, Michigan-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, came to 92 cents per share. The furniture company posted revenue of $570.9 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LZB at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Retail sales, homebuilder index, La-Z-Boy earnings: What to Watch
Here's what investors are watching on Tuesday, June 17. US retail sales data for the month of May will be released in the morning, offering insight into the state of the US economy amid tariff uncertainty. The market will also get fresh housing market data when the June homebuilder confidence index is released in the morning. La-Z-Boy (LZB) is set to release fourth quarter earnings after the closing bell. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
