Stock Data
$1.31 (3.21%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
FURNISHINGS, FIXTURES & APPLIANCES
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a leading manufacturer and retailer of furniture. Known for its comfortable and stylish upholstered furniture, La-Z-Boy offers a wide range of products including recliners, sofas, loveseats, and sleeper sofas. The company also provides casegoods like bedroom and dining room sets. La-Z-Boy sells its products through its own retail network, including La-Z-Boy Furniture Galleries, and to independent dealers. With a history dating back to 1927, La-Z-Boy has grown to serve customers in the United States, Canada, and internationally.
La-Z-Boy crushed earnings expectations with a 54% EPS beat as margin expansion drove the outperformance in a soft furniture market, while the company authorized a fresh $300 million buyback and guided modest organic growth ahead.
La-Z-Boy reports after the bell today, giving investors a fresh read on consumer demand in the furniture market as inflation pressures linger on household budgets.
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