$LZB (La-Z-Boy Incorporated)

$LZB {{ '2016-06-22T13:57:44+0000' | timeago}} • Webcast

Anthony Lebiedzinski of Sidoti asks for a quantification about the benefits from the global trading company set up in Hong Kong. CEO Kurt Darrow replied that it was all part of $LZB's larger supply chain initiative and the benefits are about service, logistics, quality and savings.

$LZB {{ '2017-12-01T12:16:54+0000' | timeago}} • Webcast

$LZB stated that with respect to its 4-4-5 store build-out program for FY18, the company expects executing approx. 25 store projects across the network between the company and its independent dealers. $LZB also expects to end FY18 with 354 stores which would include seven net new stores in 2017.

$LZB {{ '2017-11-30T14:19:56+0000' | timeago}} • Infographic

$LZB La-Z-Boy, Inc. Earnings AlphaGraphics: Q2 2018 Highlights

$LZB {{ '2017-11-29T22:01:45+0000' | timeago}} • Announcement

For FY18, $LZB expects a total of 148 company-owned stores, with dealer-owned stores projected to reach a total of 206 stores. Additionally, the company expects to remodel seven dealer-owned stores and relocate five stores in FY18.

$LZB {{ '2017-11-29T21:56:21+0000' | timeago}} • Announcement

Recliner manufacturer $LZB reported a 2Q18 profit jump of 10% on increased revenue. Net income jumped to $22.89MM or $0.47 per share from the year ago net income of $20.8MM or $0.42 per share. Revenue for the quarter rose 4.4% to $393.2MM. Same-store written sales for the company's Furniture Galleries network increased 1.9%.

$LZB {{ '2017-09-27T13:50:00+0000' | timeago}} • Announcement

$LZB said that Louis Riccio Jr., SVP and CFO, will retire after the company completes its year-end reporting in June, 2018. Riccio joined La-Z-Boy in early 2000 and held various positions, including that of Corporate Controller, before his appointment as CFO in 2006.  The company is scouting for a successor.

$LZB {{ '2017-08-29T20:45:39+0000' | timeago}} • Announcement

$LZB declared a quarterly cash dividend of $0.11 per share on its common stock, payable September 15, 2017, to shareholders of record as of September 8, 2017.

$LZB {{ '2017-08-22T21:31:15+0000' | timeago}} • Infographic

$LZB La-Z-Boy, Inc. Earnings AlphaGraphics: Q1 2018 Highlights

$LZB {{ '2017-08-22T20:44:50+0000' | timeago}} • Announcement

$LZB reported a 3% growth in the sales of its upholstery segment in 1Q18, to $274MM. Sales of the casegoods segment moved up 2% YoY to $26MM. The company’s retail segment registered first quarter sales of $111MM, up 16% compared to 1Q17.

$LZB {{ '2017-08-22T20:36:52+0000' | timeago}} • Announcement

$LZB, a leading recliner manufacturer, said its earnings dropped 14% annually to $0.24 per share in 1Q18, owing mainly to subdued volumes and higher expenses. Sales advanced 4.8% to $357MM, which was mostly related to acquired sales that did not add volume to production. Same-store written sales for the La-Z-Boy Furniture Galleries edged up 0.7%.

$LZB {{ '2017-06-21T13:43:49+0000' | timeago}} • Webcast

$LZB said that on the company's e-commerce platform, the company is feeling good about the progress it is making and is investing much in its digital presence. $LZB added that its traffic and time on the site is also improving.

$LZB {{ '2017-06-21T13:24:05+0000' | timeago}} • Webcast

$LZB expects increased CapEx spending in FY18 related to machine and equipment and expansions to the company's England plans, along with the new corporate office building to replace the one lost in last month's fire.

$LZB {{ '2017-06-21T12:56:56+0000' | timeago}} • Webcast

$LZB's Upholstery segment posted its highest quarterly operating margin performance in a decade of 13.5% in 4Q17. This performance was driven by productivity improvements coming from the company's ERP system. On the expense side, $LZB spent $36MM on acquisitions and $20MM on CapEx in FY17.

$LZB {{ '2017-06-21T12:46:12+0000' | timeago}} • Webcast

In FY17, $LZB generated $1.5Bil in sales, while increasing its consolidated GM, operating income, operating margin and diluted EPS. Additionally, the company generated $146MM in cash from operating activities, allowing it to return a combined $57MM to its shareholders through share purchases and increased dividends.

$LZB {{ '2017-06-20T21:08:33+0000' | timeago}} • Announcement

$LZB reported a 2.4% growth in same-store written sales in its Furniture Galleries network in 4Q17. In the whole of 2017, the company opened seven new stores, closed two, acquired 14 from independent dealers and remodeled three. La-Z-Boy also approved the purchase of up to an additional 6MM shares under its share purchase authorization.

$LZB {{ '2017-06-20T21:06:07+0000' | timeago}} • Announcement

$LZB’s net profit increased on lower costs in 4Q17. Income rose to $28MM or $0.57 per share from $22.72MM or $0.45 per share in 4Q16. Sales dropped 1% annually to $412.7MM. Sales in the upholstery segment dropped 2.9% YoY, and that in casegoods segment declined 1%. Retail segment sales rose 8.1% annually.

$LZB {{ '2017-06-12T20:40:53+0000' | timeago}} • Announcement

$LZB appointed David Behen as VP and CIO  He will report to Kurt Darrow, Chairman, President and CEO. In this role, Behen will be responsible for leading, developing, expanding and overseeing all aspects of IT, including IT strategy, cybersecurity, enterprise architecture, ERP deployment, network optimization, and procuring new technologies.

$LZB {{ '2017-05-19T10:36:19+0000' | timeago}} • Announcement

$LZB named Douglas Collier as Chief Commercial Officer and President, International. In this new position, he will have global responsibility for all facets of sales, merchandising and marketing for the $LZB branded business. He will continue to report to Kurt Darrow, CEO.

$LZB {{ '2017-05-18T20:39:31+0000' | timeago}} • Announcement

$LZB appointed Douglas Collier to the newly created role of Chief Commercial Officer and President, International. Darrell Edwards, Senior Vice President and Chief Supply Chain Officer, will expand his role. Daniel King, President, La-Z-Boy Retail Division, will now report directly to CEO Kurt Darrow.

$LZB {{ '2017-05-09T20:56:10+0000' | timeago}} • Announcement

$LZB BoD declared a quarterly cash dividend on the company’s common stock of $0.11 per share.  The dividend is payable June 15, 2017, to shareholders of record as of June 1, 2017.

$LZB {{ '2017-04-17T12:15:11+0000' | timeago}} • Announcement

SVP and President of $LZB Branded Business Mark Bacon has resigned from the company, effective April 30, 2017. For the immediate future, the senior leadership members of Branded Business will report to CEO Kurt Darrow.

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