La-Z-Boy Incorporated (LZB) Income Statement Analysis

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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 Reclines To The Buy Zone As Industry Normalizes

June 21, 2023marketbeat.com

La-Z-Boy NYSE: LZB and other furniture stocks have declined over the past year as bubble-infused expectations were returned to reality. The takeaway from La-Z-Boy's Q4 results and guidance is that normalization is at hand, and growth in the core retail...

La-Z-Boy shares set to decline on downbeat guidance

June 21, 2023proactiveinvestors.com

La-Z-Boy (NYSE:LZB) shares fell in pre-market trading after the furniture maker delivered fourth-quarter earnings that beat expectations but issued a weaker-than-expected sales forecast for the current quarter. The company reported an 18% decline in consolidated sales to $561 million for...

La-Z-Boy (LZB) Surpasses Q4 Earnings and Revenue Estimates

June 20, 2023zacks.com

La-Z-Boy (LZB) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $1.07 per share a year ago.

La-Z-Boy stock drops on weak outlook

June 20, 2023marketwatch.com

La-Z-Boy Inc. LZB, +0.99% shares fell in the extended session Tuesday after the recliner and furniture maker's poor outlook overshadowed its earnings beat. La-Z-Boy shares fell as much as 6% after hours, following a 1% gain in the regular session...

4 Furniture Stocks Worth Watching in a Challenging Industry

June 12, 2023zacks.com

Although macroeconomic uncertainty poses risks, focus on digitization and product innovation raise hope for WSC, LZB, AMWD and FLXS.

La-Z-Boy Announces Timing of Fiscal 2023 Fourth Quarter Earnings Release/ Conference Call

June 8, 2023globenewswire.com

MONROE, Mich., June 08, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2023 fourth quarter results after the close of trading on the New York Stock Exchange on Tuesday, June 20, 2023, and will hold its...

Are Investors Undervaluing LaZBoy (LZB) Right Now?

April 18, 2023zacks.com

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...