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LZB

La-Z-Boy

$32.50 /

+0.43 (+1.34%)

16:22
02/18/20
02/18
16:22
02/18/20
16:22

La-Z-Boy reports Q3 EPS 72c, consensus 63c

Reports Q3 revenue $475.9M, consensus $481.05M.Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy, said, "Our performance for the quarter continues to reflect the strength of the La-Z-Boy brand coupled with a powerful global supply chain that is delivering strong results. During the quarter, our company-owned Retail segment posted its seventh consecutive quarter of increased delivered same-store sales, and our Upholstery segment delivered double-digit profitability. We also generated $66 million in cash from operations and increased returns to shareholders. With a strong brand, supply chain, distribution network and balance sheet, we are focused on driving long-term profitable growth across the enterprise." Consolidated sales in the third quarter of fiscal 2020 increased 1.8% to $475.9 million, led by growth in the Retail segment. Consolidated GAAP operating margin increased to 11.0% versus 8.7% in the prior-year quarter. Non-GAAP operating margin increased to 9.4% in the current-year quarter versus 9.0% in last year's third quarter, reflecting improvement in the Upholstery and Retail segments.

  • 19

    Feb

LZB La-Z-Boy
$32.50 /

+0.43 (+1.34%)

08/23/19
Fly Intel: Top analyst upgrades
08/23/19 Raymond James
La-Z-Boy upgraded to Outperform from Market Perform at Raymond James
06/06/19 Sidoti
La-Z-Boy downgraded to Neutral from Buy at Sidoti

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