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Complete financial analysis of La-Z-Boy Incorporated (LZB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of La-Z-Boy Incorporated, a leading company in the Furnishings, Fixtures & Appliances industry within the Consumer Cyclical sector.
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La-Z-Boy Incorporated (LZB)
Industry: Furnishings, Fixtures & Appliances
Sector: Consumer Cyclical
Website: https://www.la-z-boy.com
About La-Z-Boy Incorporated
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, Retail, Corporate and Other 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 company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. 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.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.05B | 2.35B | 2.36B | 1.73B | 1.70B | 1.75B | 1.58B | 1.52B | 1.53B | 1.43B | 1.36B | 1.33B | 1.23B | 1.19B | 1.18B | 1.23B | 1.45B | 1.62B | 1.92B | 2.05B | 2.00B | 2.11B | 2.15B | 2.26B | 1.72B | 1.29B | 1.11B | 1.01B | 947.30M | 850.30M | 804.90M | 684.10M | 619.50M | 608.00M | 592.30M | 553.20M | 486.80M | 420.00M | 341.70M |
| Cost of Revenue | 1.17B | 1.34B | 1.44B | 993.98M | 982.54M | 1.04B | 961.20M | 913.52M | 943.36M | 920.90M | 892.86M | 907.59M | 851.82M | 832.80M | 804.49M | 887.91M | 1.06B | 1.19B | 1.46B | 1.57B | 1.56B | 1.62B | 1.65B | 1.71B | 1.25B | 924.70M | 804.30M | 724.30M | 685.30M | 614.10M | 579.90M | 492.30M | 438.30M | 435.50M | 416.60M | 384.20M | 337.90M | 280.80M | 228.70M |
| Gross Profit | 881.67M | 1.01B | 915.97M | 740.26M | 721.45M | 702.57M | 622.75M | 606.54M | 582.04M | 504.49M | 464.45M | 424.94M | 379.86M | 354.34M | 374.73M | 338.77M | 394.23M | 426.06M | 458.81M | 475.54M | 443.04M | 494.57M | 506.62M | 548.89M | 463.60M | 362.90M | 303.70M | 281.50M | 262.00M | 236.20M | 225.00M | 191.80M | 181.20M | 172.50M | 175.70M | 169.00M | 148.90M | 139.20M | 113.00M |
| Gross Profit Ratio | 43.07% | 42.93% | 38.86% | 42.68% | 42.34% | 40.25% | 39.32% | 39.90% | 38.16% | 35.39% | 34.22% | 31.89% | 30.84% | 29.85% | 31.78% | 27.62% | 27.17% | 26.34% | 23.94% | 23.22% | 22.16% | 23.42% | 23.52% | 24.33% | 26.99% | 28.18% | 27.41% | 27.99% | 27.66% | 27.78% | 27.95% | 28.04% | 29.25% | 28.37% | 29.66% | 30.55% | 30.59% | 33.14% | 33.07% |
| Research & Development | 9.60M | 9.10M | 9.00M | 7.60M | 10.80M | 9.10M | 7.90M | 8.00M | 8.40M | 6.10M | 7.90M | 7.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 567.50M | 638.26M | 582.41M | 508.92M | 467.52M | 466.50M | 405.08M | 393.86M | 388.34M | 338.16M | 315.56M | 303.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 150.90M | 159.00M | 126.80M | 94.60M | 108.30M | 106.40M | 88.30M | 82.10M | 70.80M | 63.30M | 59.60M | 53.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 718.25M | 797.26M | 709.21M | 603.52M | 575.82M | 572.90M | 493.38M | 475.96M | 459.14M | 401.46M | 375.16M | 357.31M | 330.23M | 323.31M | 331.49M | 375.01M | 399.47M | 386.44M | 410.35M | 401.59M | 341.96M | 331.70M | 398.23M | 382.40M | 288.96M | 234.10M | 205.50M | 187.20M | 174.40M | 158.60M | 150.70M | 130.90M | 122.90M | 115.20M | 111.60M | 106.90M | 91.40M | 85.50M | 65.60M |
| Other Expenses | 0.00 | -11.78M | -1.71M | 9.47M | -6.98M | -2.24M | -1.65M | 251.00K | 2.31M | 1.96M | 2.05M | 3.21M | 18.00M | 0.00 | 0.00 | 0.00 | 8.43M | 0.00 | 16.05M | -10.29M | 71.94M | 0.00 | 11.69M | 0.00 | 30.34M | 22.10M | 21.00M | 20.40M | 20.10M | 15.20M | 14.00M | 14.10M | 14.80M | 14.00M | 13.70M | 13.60M | 14.20M | 9.00M | 6.80M |
| Operating Expenses | 730.87M | 797.26M | 709.21M | 603.52M | 575.82M | 572.90M | 493.38M | 475.96M | 459.14M | 401.46M | 375.16M | 357.31M | 330.23M | 323.31M | 331.49M | 375.01M | 407.90M | 386.44M | 426.40M | 391.30M | 413.90M | 331.70M | 409.92M | 382.40M | 319.30M | 256.20M | 226.50M | 207.60M | 194.50M | 173.80M | 164.70M | 145.00M | 137.70M | 129.20M | 125.30M | 120.50M | 105.60M | 94.50M | 72.40M |
| Cost & Expenses | 1.90B | 2.14B | 2.15B | 1.60B | 1.56B | 1.62B | 1.45B | 1.39B | 1.40B | 1.32B | 1.27B | 1.26B | 1.18B | 1.16B | 1.14B | 1.26B | 1.46B | 1.58B | 1.88B | 1.96B | 1.97B | 1.95B | 2.06B | 2.09B | 1.57B | 1.18B | 1.03B | 931.90M | 879.80M | 787.90M | 744.60M | 637.30M | 576.00M | 564.70M | 541.90M | 504.70M | 443.50M | 375.30M | 301.10M |
| Interest Income | 15.48M | 6.67M | 1.34M | 1.10M | 2.79M | 2.10M | 1.71M | 981.00K | 827.00K | 1.03M | 761.00K | 621.00K | 611.00K | 944.00K | 724.00K | 2.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 455.00K | 536.00K | 895.00K | 1.39M | 1.29M | 1.54M | 538.00K | 1.07M | 486.00K | 523.00K | 548.00K | 746.00K | 1.38M | 2.35M | 2.97M | 5.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 124.55M | 116.52M | 112.29M | 33.02M | 98.87M | 31.15M | 31.77M | 29.13M | 26.52M | 22.28M | 23.18M | 23.14M | 23.49M | 24.30M | 25.25M | 71.16M | 24.70M | 27.20M | 29.23M | 28.33M | 29.11M | 30.70M | 43.99M | 45.70M | 30.34M | 22.10M | 21.00M | 20.40M | 20.10M | 15.20M | 14.00M | 14.10M | 14.80M | 14.00M | 13.70M | 13.60M | 14.20M | 9.00M | 6.80M |
| EBITDA | 290.76M | 322.84M | 318.68M | 169.41M | 215.33M | 158.35M | 161.20M | 160.94M | 154.41M | 125.45M | 115.29M | 94.60M | 91.73M | 52.61M | 72.94M | -67.96M | 24.10M | 67.27M | 43.77M | 106.39M | 78.12M | 190.94M | 140.69M | 166.49M | 174.64M | 128.80M | 98.20M | 94.30M | 87.60M | 77.60M | 74.30M | 60.90M | 58.30M | 57.30M | 64.10M | 62.10M | 57.50M | 53.70M | 47.40M |
| EBITDA Ratio | 14.20% | 13.75% | 13.54% | 14.18% | 14.10% | 9.21% | 10.18% | 10.59% | 10.00% | 9.00% | 8.49% | 7.10% | 7.45% | 4.83% | 6.25% | 3.71% | 0.69% | 4.29% | 4.65% | 5.99% | 6.29% | 9.04% | 7.03% | 9.08% | 9.95% | 9.63% | 8.30% | 8.95% | 8.83% | 8.77% | 9.02% | 8.65% | 9.14% | 9.18% | 10.40% | 10.67% | 11.26% | 12.29% | 13.05% |
| Operating Income | 150.80M | 211.44M | 206.76M | 136.74M | 118.76M | 129.67M | 129.37M | 130.58M | 122.39M | 103.17M | 89.30M | 67.63M | 49.63M | 25.91M | 41.94M | -94.07M | -16.75M | 31.96M | 19.13M | 63.65M | 29.14M | 162.87M | 96.70M | 120.79M | 144.30M | 106.70M | 77.20M | 73.90M | 67.50M | 62.40M | 60.30M | 46.80M | 43.50M | 43.30M | 50.40M | 48.50M | 43.30M | 44.70M | 40.60M |
| Operating Income Ratio | 7.37% | 9.00% | 8.77% | 7.88% | 6.97% | 7.43% | 8.17% | 8.59% | 8.02% | 7.24% | 6.58% | 5.08% | 4.03% | 2.18% | 3.56% | -7.67% | -1.15% | 1.98% | 1.00% | 3.11% | 1.46% | 7.71% | 4.49% | 5.35% | 8.40% | 8.29% | 6.97% | 7.35% | 7.13% | 7.34% | 7.49% | 6.84% | 7.02% | 7.12% | 8.51% | 8.77% | 8.89% | 10.64% | 11.88% |
| Total Other Income/Expenses | 14.96M | -5.65M | -1.27M | 9.18M | -3.59M | -34.35M | -479.00K | -2.60M | -288.00K | 2.46M | 2.26M | 3.08M | 9.32M | 57.00K | 2.78M | -2.95M | 2.26M | -2.10M | -9.37M | -10.27M | -6.89M | -7.89M | -7.76M | -8.75M | -3.99M | 500.00K | 2.10M | -100.00K | -1.30M | -400.00K | -2.20M | -1.50M | -3.60M | -4.90M | -4.80M | -4.50M | -1.30M | 300.00K | 1.10M |
| Income Before Tax | 165.75M | 205.79M | 205.49M | 145.91M | 115.17M | 95.33M | 128.89M | 130.74M | 125.04M | 105.63M | 91.56M | 70.71M | 66.86M | 25.97M | 44.72M | -97.02M | -14.49M | 29.86M | 9.43M | 53.38M | 22.29M | 155.00M | 88.94M | 112.04M | 140.31M | 107.20M | 79.30M | 73.80M | 66.20M | 62.00M | 58.10M | 45.30M | 39.90M | 38.40M | 45.60M | 44.00M | 42.00M | 45.00M | 41.70M |
| Income Before Tax Ratio | 8.10% | 8.76% | 8.72% | 8.41% | 6.76% | 5.46% | 8.14% | 8.60% | 8.20% | 7.41% | 6.75% | 5.31% | 5.43% | 2.19% | 3.79% | -7.91% | -1.00% | 1.85% | 0.49% | 2.61% | 1.12% | 7.34% | 4.13% | 4.97% | 8.17% | 8.33% | 7.16% | 7.34% | 6.99% | 7.29% | 7.22% | 6.62% | 6.44% | 6.32% | 7.70% | 7.95% | 8.63% | 10.71% | 12.20% |
| Income Tax Expense | 41.12M | 53.85M | 53.16M | 38.38M | 36.19M | 25.19M | 47.30M | 43.76M | 44.08M | 36.95M | 31.38M | 23.53M | -22.05M | 8.59M | 12.67M | 24.33M | -6.95M | 10.09M | 12.47M | 20.28M | 19.76M | 58.90M | 27.19M | 43.71M | 52.70M | 41.10M | 29.40M | 28.50M | 26.90M | 25.70M | 23.40M | 18.00M | 14.80M | 15.00M | 17.30M | 16.50M | 15.50M | 20.30M | 18.70M |
| Net Income | 122.63M | 150.66M | 150.02M | 106.46M | 77.47M | 68.57M | 80.87M | 85.92M | 79.25M | 70.77M | 55.06M | 46.39M | 87.97M | 24.05M | 32.54M | -121.35M | -13.54M | 4.14M | -3.04M | 37.19M | -5.80M | 36.32M | 61.75M | 68.34M | 87.61M | 66.10M | 49.90M | 45.30M | 39.30M | 36.30M | 38.10M | 27.30M | 25.10M | 23.40M | 28.30M | 27.50M | 26.50M | 24.70M | 23.00M |
| Net Income Ratio | 5.99% | 6.41% | 6.37% | 6.14% | 4.55% | 3.93% | 5.11% | 5.65% | 5.20% | 4.97% | 4.06% | 3.48% | 7.14% | 2.03% | 2.76% | -9.89% | -0.93% | 0.26% | -0.16% | 1.82% | -0.29% | 1.72% | 2.87% | 3.03% | 5.10% | 5.13% | 4.50% | 4.50% | 4.15% | 4.27% | 4.73% | 3.99% | 4.05% | 3.85% | 4.78% | 4.97% | 5.44% | 5.88% | 6.73% |
| EPS | 2.86 | 3.49 | 3.41 | 2.31 | 1.67 | 1.46 | 1.70 | 1.75 | 1.57 | 1.36 | 1.04 | 0.87 | 1.66 | 0.46 | 0.63 | -2.36 | -0.26 | 0.08 | -0.06 | 0.71 | -0.11 | 0.66 | 1.03 | 1.13 | 1.61 | 1.25 | 0.93 | 0.83 | 0.71 | 0.67 | 0.69 | 0.50 | 0.46 | 0.43 | 0.53 | 0.51 | 0.48 | 0.45 | 0.42 |
| EPS Diluted | 2.83 | 3.48 | 3.39 | 2.30 | 1.66 | 1.45 | 1.68 | 1.73 | 1.55 | 1.34 | 1.02 | 0.85 | 1.64 | 0.45 | 0.62 | -2.36 | -0.26 | 0.08 | -0.06 | 0.71 | -0.11 | 0.63 | 1.01 | 1.13 | 1.60 | 1.24 | 0.93 | 0.83 | 0.71 | 0.67 | 0.69 | 0.50 | 0.46 | 0.43 | 0.53 | 0.51 | 0.48 | 0.45 | 0.42 |
| Weighted Avg Shares Out | 42.88M | 43.15M | 44.02M | 45.98M | 46.40M | 46.83M | 47.62M | 48.47M | 50.19M | 50.75M | 51.98M | 52.35M | 51.94M | 51.85M | 51.53M | 51.46M | 51.41M | 51.48M | 51.80M | 52.08M | 53.51M | 57.12M | 60.74M | 60.55M | 54.49M | 52.89M | 53.66M | 54.32M | 55.49M | 54.13M | 54.80M | 54.60M | 54.57M | 54.42M | 53.40M | 53.92M | 55.21M | 54.89M | 54.76M |
| Weighted Avg Shares Out (Dil) | 43.28M | 43.24M | 44.29M | 46.37M | 46.74M | 47.33M | 48.14M | 49.47M | 50.77M | 52.35M | 53.83M | 53.69M | 52.48M | 52.28M | 51.73M | 51.46M | 51.41M | 51.61M | 51.80M | 52.14M | 53.68M | 57.44M | 61.13M | 60.69M | 54.86M | 53.15M | 53.85M | 55.00M | 56.00M | 54.88M | 54.89M | 54.60M | 54.57M | 54.42M | 53.40M | 53.92M | 55.21M | 54.89M | 54.76M |
La-Z-Boy to Present at Sidoti Investor Conference
MONROE, Mich., March 14, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Sidoti...
La-Z-Boy to Present at Raymond James 44th Annual Institutional Investors Conference
MONROE, Mich., Feb. 27, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Raymond...
Can La-Z-Boy (LZB) Run Higher on Rising Earnings Estimates?
La-Z-Boy (LZB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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IVR, XPRO, LZB, ASBFY and SIGI have been added to the Zacks Rank #1 (Strong Buy) List on February 27, 20223.
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CEO Melinda Whittington sees a path to increased market share.
Is LaZBoy (LZB) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
La-Z-Boy Incorporated (LZB) Q3 2023 Earnings Call Transcript
La-Z-Boy Incorporated. (NYSE:LZB ) Q3 2023 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Kathy Liebmann - Director, IR & Corporate Communications Melinda Whittington - President & CEO Bob Lucian - SVP & CFO Conference Call Participants...
Why La-Z-Boy Stock Was Having a Busy Wednesday
Robust sales are fueling strong profits.
La-Z-Boy (LZB) Q3 Earnings and Revenues Surpass Estimates
La-Z-Boy (LZB) delivered earnings and revenue surprises of 37.88% and 7.98%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
La-Z-Boy's stock climbs on earnings beat
La-Z-Boy Inc.'s stock LZB, -4.72% climbed 4% in extended trading Tuesday after the retailer reported quarterly results that easily topped analyst earnings estimates. La-Z-Boy reported fiscal third-quarter earnings of $31.7 million, or 74 cents a share, compared with net earnings...
Source: https://incomestatements.info
Category: Stock Reports