La-Z-Boy (LZB) Tops Q1 EPS by 6c

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Go back to La-Z-Boy (LZB) Tops Q1 EPS by 6c

La-Z-Boy Reports Improved Fiscal 2016 First-Quarter Results

August 18, 2015 4:10 PM EDT

MONROE, Mich., Aug. 18, 2015 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2016 first quarter ended July 25, 2015.

Fiscal 2016 first-quarter highlights for continuing operations:

The company reported earnings per share of $0.27 from continuing operations attributable to La-Z-Boy Incorporated, a 35% increase from the fiscal 2015 first quarter; Operating margin for all three segments increased during the quarter, including the retail segment posting a 5.5% operating margin compared with 0.4% in last year's first quarter; Consolidated operating income for the fiscal 2016 first quarter increased 21% to $20.0 million,... More