La-Z-Boy (LZB) Declares $0.10 Quarterly Dividend; 1.9% Yield
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La-Z-Boy Reports Fiscal 2016 Third-quarter Results
February 17, 2016 4:15 PM ESTMONROE, Mich., Feb. 17, 2016 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2016 third quarter ended January 23, 2016.
Fiscal 2016 third-quarter highlights for continuing operations:
Sales increased 7.3% to $384.0 million compared with the prior-year third quarter; The company reported earnings per diluted share of $0.43 from continuing operations attributable to La-Z-Boy Incorporated, an increase of 26.5% over last year's third quarter; Consolidated operating income for the fiscal 2016 third quarter increased 29.2% to $34.8 million, with consolidated operating margin increasing to 9.1%; Operating margin for the... More