La-Z-Boy (LZB) Raises Quarterly Dividend 25% to $0.10; 1.5% Yield

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Go back to La-Z-Boy (LZB) Raises Quarterly Dividend 25% to $0.10; 1.5% Yield

La-Z-Boy Reports Fiscal 2016 Second-Quarter Results

November 17, 2015 4:10 PM EST

MONROE, Mich., Nov. 17, 2015 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2016 second quarter ended October 24, 2015.

Fiscal 2016 second-quarter highlights for continuing operations:

The company reported earnings per diluted share of $0.41 from continuing operations attributable to La-Z-Boy Incorporated compared with $0.36 in the prior year's second quarter, an increase of 14%; Consolidated operating income for the fiscal 2016 second quarter increased 10.6% to $33.4 million, with consolidated operating margin increasing to 8.7% from 8.3% in the fiscal 2015 second quarter; Operating margin for the upholstery segment was... More