More on La-Z-Boy (LZB): Q4 beats across the board on a 10.3% increase in total sales versus the...
Tuesday, February 19, 6:44 PM ETMore on La-Z-Boy (LZB): Q4 beats across the board on a 10.3% increase in total sales versus the prior year period. Net income rose 14% as its retail segment swung back to profitability. Sales in the unit, which includes La-Z-Boy Furniture Galleries stores, swung to an operating profit of $2.67M from a year-earlier loss of $646K. Same-store written sales, which the company tracks as an indicator of retail activity, rose 12%. Wholesale upholstery, a main contributor to its top line, saw revenue rise by 12% to $279.9M. Shares +10.6% AH.
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