La-Z-Boy FQ4 Results Beat Expectations, Sets FQ1 Outlook Above Street View (LZB:NYSE)
The furniture maker posted $1.26 a share on $570.34 million in revenue, while retail written sales rose 11%, the company said.
- La-Z-Boy Incorporated shares jumped 17.66% to $41.25 on Tuesday after reporting fiscal fourth quarter results that beat analyst estimates, with adjusted diluted EPS of $1.26 crushing the $0.82 forecast by 53.7%.
- Retail segment written sales for La-Z-Boy increased 11% compared to the prior year, driven by the company-owned network expansion to 230 stores representing 61% of the total network under the Century Vision strategy.
- Strong capital deployment marked the year, with La-Z-Boy generating $204 million in operating cash flow and returning approximately $85 million to shareholders through dividends and share repurchases, marking the fifth consecutive year of 10% dividend increases.
- Management guided fiscal 2027 first quarter sales in the range of $490–$510 million while completing strategic exits from American Drew and Kincaid wholesale casegoods businesses and finalizing U.K. supply chain restructuring.
- While industry conditions remain soft, La-Z-Boy maintains a measured view of the external environment and focuses on its core, vertically integrated North American upholstery business where the firm holds a "clear right to win.
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16 Articles
La-Z-Boy (LZB) Stock Surges Over 17% After Hours: Why Is It Moving? - La-Z-Boy (NYSE:LZB)
La-Z-Boy Inc. (NYSE:LZB) shares jumped 17.66% to $41.25 in after-hours trading Tuesday after the furniture maker reported fiscal fourth quarter results where earnings per share and revenue both topped analyst estimates. The data was reported for the period ended Apr. 25. EPS Blows Past Estimates EPS for the quarter for La-Z-Boy in the fourth quarter came in at $1.26, crushing the analyst estimate of $0.82 by 53.7%. The company posted a revenue o…
La-Z-Boy Inc (LZB) Q4 2026 Earnings Call Highlights: Record Store Openings and Strong Cash Flow ..
This article first appeared on GuruFocus. Retail Segment Sales Increase: 9% increase, driven by acquisitions and new stores. New Store Openings: Four new stores opened in the quarter, totaling 230 company-owned stores. Adjusted Operating Margin (Retail Segment): Improved to nearly 14% for…
La-Z-Boy stock jumps after hours as Q4 earnings beat offsets soft furniture demand
La-Z-Boy shares soared nearly 17% after hours to $40.99 as adjusted Q4 earnings of $1.26 per share crushed analyst forecasts, reversing a 7.2% drop earlier; retail expansion and a new $300 million buyback fueled gains despite continued weak same-store and Joybird sales. The post La-Z-Boy stock jumps after hours as Q4 earnings beat offsets soft furniture demand appeared first on TechStock².
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