La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.
IPO Year:
Exchange: NYSE
Website: la-z-boy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2025 | $46.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 8/21/2024 | $43.00 | Buy → Neutral | Sidoti |
| 8/25/2022 | Outperform → Mkt Perform | Raymond James | |
| 2/17/2022 | $46.00 → $40.00 | Outperform | Raymond James |
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KeyBanc Capital Markets upgraded La-Z-Boy from Sector Weight to Overweight and set a new price target of $46.00
Sidoti downgraded La-Z-Boy from Buy to Neutral and set a new price target of $43.00
Raymond James downgraded La-Z-Boy from Outperform to Mkt Perform
Raymond James reiterated coverage of La-Z-Boy with a rating of Outperform and set a new price target of $40.00 from $46.00 previously
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Key Highlights: Significant acquisition of 15-store network in GA, FL, and TN with ~$80 million in annual sales, expected to close in late OctoberAdds designated market areas (DMAs) that will enable further new store growth in highly desirable southeast regionLargest independently owned La-Z-Boy Furniture Galleries® acquisition in La-Z-Boy Incorporated historySeparately, La-Z-Boy Incorporated updates fiscal first quarter sales and adjusted operating margin outlook(1) MONROE, Mich., July 14, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced the signing of an asset purchase agreement to acq
Fiscal 2025 Fourth Quarter Highlights: Consolidated delivered sales of $571 million Up 3% versus prior year Retail segment delivered sales increased 8% Company-owned La-Z-Boy Furniture Galleries® network grew by a total of six stores; 203 company-owned store base now represents 55% of total network Wholesale segment delivered sales increased 2%GAAP operating margin of 5.2%; adjusted(1) operating margin of 9.4%, flat versus the year ago periodGAAP diluted EPS of $0.36 and adjusted(1) diluted EPS of $0.92, both of which include a $0.10 impact from unfavorable foreign tax discrete itemsDelivered sales exceeded high end of guidance range and adjusted(1) operating margin at high end of guidance
MONROE, Mich., June 04, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Fourth Quarter results for the period ended April 26, 2025 after the close of trading on the New York Stock Exchange on Tuesday, June 17, 2025, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 18, 2025. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access cod
MONROE, Mich., April 30, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.22 per share. The dividend will be paid on June 16, 2025 to shareholders of record as of June 3, 2025. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture r
MONROE, Mich., Feb. 24, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Melinda D. Whittington, Board Chair, President and Chief Executive Officer; Taylor Luebke, Senior Vice President and Chief Financial Officer; and Mark Becks, Director Investor Relations and Corporate Development will participate in a fireside chat presentation at the Raymond James 46th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 3, 2025, at 4:00 p.m. ET and archived on the Company's investor relations website
Fiscal 2025 Third Quarter Highlights: Consolidated delivered sales of $522 million Up 4% versus prior year Operating margin on a GAAP and Non-GAAP basis improved 20 basis points versus prior yearGAAP and Non-GAAP(1) diluted EPS of $0.68Delivered sales and Non-GAAP(1) operating margin at high end of guidance rangeRetail segment sales increased 11% Fueled by same-store sales growth and independent La-Z-Boy Furniture Galleries® acquisitions, along with new storesRetail added three newly opened stores, and two newly acquired independent La-Z-Boy Furniture Galleries® stores, with one closure; and announced an additional two-store acquisition expected to close in the fourth qu
MONROE, Mich., Feb. 13, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, announced today that it has been recognized as one of America's Best Large Employers by Forbes for 2025. The list, produced in partnership with market research firm Statista, recognizes companies that excel across a broad spectrum of industries in six key dimensions: atmosphere and development, salary/wage, image, diversity, working conditions, and workplace environment. Forbes and Statista selected America's Best Employers in 2025 through an independent survey of over 217,000 U.S. employees working for companies with at least 1,000 emp
MONROE, Mich., Feb. 04, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Third Quarter results for the period ended January 25, 2025 after the close of trading on the New York Stock Exchange on Tuesday, February 18, 2025, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 19, 2025. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant a
MONROE, Mich., Jan. 07, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Melinda D. Whittington, Board Chair, President and Chief Executive Officer, and Taylor Luebke, SVP and Chief Financial Officer, will present at the 2025 ICR Conference. The event will be held on Monday, January 13, 2025, at 4:30 p.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and com
MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board's periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board.Michael Lawton, who has served as Chair of the Board since May 2022, will return to his previous position of independent Lead Director. "Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will cont
Key Highlights: Significant acquisition of 15-store network in GA, FL, and TN with ~$80 million in annual sales, expected to close in late OctoberAdds designated market areas (DMAs) that will enable further new store growth in highly desirable southeast regionLargest independently owned La-Z-Boy Furniture Galleries® acquisition in La-Z-Boy Incorporated historySeparately, La-Z-Boy Incorporated updates fiscal first quarter sales and adjusted operating margin outlook(1) MONROE, Mich., July 14, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced the signing of an asset purchase agreement to acq
Fiscal 2025 Fourth Quarter Highlights: Consolidated delivered sales of $571 million Up 3% versus prior year Retail segment delivered sales increased 8% Company-owned La-Z-Boy Furniture Galleries® network grew by a total of six stores; 203 company-owned store base now represents 55% of total network Wholesale segment delivered sales increased 2%GAAP operating margin of 5.2%; adjusted(1) operating margin of 9.4%, flat versus the year ago periodGAAP diluted EPS of $0.36 and adjusted(1) diluted EPS of $0.92, both of which include a $0.10 impact from unfavorable foreign tax discrete itemsDelivered sales exceeded high end of guidance range and adjusted(1) operating margin at high end of guidance
MONROE, Mich., June 04, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Fourth Quarter results for the period ended April 26, 2025 after the close of trading on the New York Stock Exchange on Tuesday, June 17, 2025, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 18, 2025. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access cod
MONROE, Mich., April 30, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.22 per share. The dividend will be paid on June 16, 2025 to shareholders of record as of June 3, 2025. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture r
Fiscal 2025 Third Quarter Highlights: Consolidated delivered sales of $522 million Up 4% versus prior year Operating margin on a GAAP and Non-GAAP basis improved 20 basis points versus prior yearGAAP and Non-GAAP(1) diluted EPS of $0.68Delivered sales and Non-GAAP(1) operating margin at high end of guidance rangeRetail segment sales increased 11% Fueled by same-store sales growth and independent La-Z-Boy Furniture Galleries® acquisitions, along with new storesRetail added three newly opened stores, and two newly acquired independent La-Z-Boy Furniture Galleries® stores, with one closure; and announced an additional two-store acquisition expected to close in the fourth qu
MONROE, Mich., Feb. 04, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Third Quarter results for the period ended January 25, 2025 after the close of trading on the New York Stock Exchange on Tuesday, February 18, 2025, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 19, 2025. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant a
MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board's periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board.Michael Lawton, who has served as Chair of the Board since May 2022, will return to his previous position of independent Lead Director. "Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will cont
Fiscal 2025 Second Quarter Highlights: Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP(1) diluted EPS of $0.71Delivered sales and Non-GAAP(1) operating margin ahead of guidanceCompany-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleries® stores, and an additional two-store acquisition signed and expected to close in the third quarterQuarterly dividend increased to $0.22, 10% higher than the previous dividend MONROE,
MONROE, Mich., Nov. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 Second Quarter results for the period ended October 26, 2024 after the close of trading on the New York Stock Exchange on Tuesday, November 19, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, November 20, 2024. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant
MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, Vice President, Finance and Treasurer, will succeed Lucian as Senior Vice President and Chief Financial Officer beginning January 1, 2025. Luebke has nearly 20 years of finance experience, including in financial planning and analysis, treasury, supply chain finance, and business strategy. He joined La-Z-Boy Incorporated in 2021 and has held roles of increasing responsibil
MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Officer of Stitch Fix (NASDAQ:SFIX), the leading online personal styling service, where he is driving a transformation effort. Mr. Baer joined Stitch Fix from Macy's, where he served as the
CHARLOTTE, N.C., Nov. 30, 2022 /PRNewswire/ -- Tipperary Sales, d.b.a. La-Z-Boy Home Furnishings & Décor, announces the appointment of Heather Morin as Chief Financial Officer. "The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company," says Martha Brown CEO Tipperary Sales. "In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success." Most recently with Cherry Bekaert, Morin brings more than twenty years of public accounting and consulting expertis
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