La-Z-Boy (LZB) Misses Q4 EPS by 3c; Comps Rise 2.2%

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Go back to La-Z-Boy (LZB) Misses Q4 EPS by 3c; Comps Rise 2.2%

La-Z-Boy Reports Fiscal 2016 Full-Year And Fourth-Quarter Results

June 21, 2016 4:15 PM EDT

MONROE, Mich., June 21, 2016 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2016 full year and fourth quarter ended April 30, 2016.

Fiscal 2016 full-year highlights:

Consolidated sales for the full fiscal 2016 year increased 7.0% to $1.53 billion compared with fiscal 2015.  The fiscal 2016 period included 53 weeks, with the additional week having an approximate 2 percentage point impact; Earnings per share from continuing operations attributable to La-Z-Boy Incorporated increased 21.1% to $1.55, including the previously announced $0.07 per share charge in fiscal 2016 related to a pending legal matter; Consolidated gross margin increased to... More