La-Z-Boy (LZB) Reports In-Line Q4 EPS

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Go back to La-Z-Boy (LZB) Reports In-Line Q4 EPS

La-Z-Boy Reports Fiscal 2015 Year-End and Fourth-Quarter Results

June 16, 2015 4:12 PM EDT

MONROE, Mich., June 16, 2015 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2015 full year and fourth quarter ended April 25, 2015.

Fiscal 2015 full-year highlights for continuing operations:

Consolidated sales for the full fiscal 2015 year increased 5.0%, or $68.1 million, compared with fiscal 2014; Same-store written sales for the La-Z-Boy Furniture Galleries® store network increased 3.0% for the full fiscal 2015 year in addition to a 6.0% increase in fiscal 2014; Consolidated operating income increased to $103.2 million from $89.3 million in fiscal 2014 with the consolidated operating margin increasing to 7.2% from 6.6% in... More