La-Z-Boy Reports Fiscal 2017 Second-Quarter Results

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La-Z-Boy (LZB) Raises Quarterly Dividend 10% to $0.11; 1.6% Yield

November 30, 2016 4:18 PM EST

La-Z-Boy (NYSE: LZB) declared a quarterly dividend of $0.11 per share, or $0.44 annualized. This is a 10% increase from the prior dividend of $0.10.

The dividend will be payable on December 15, 2016, to stockholders of record on December 9, 2016, with an ex-dividend date of December 7,... More

La-Z-Boy (LZB) Tops Q2 EPS by 4c

November 30, 2016 4:17 PM EST

La-Z-Boy (NYSE: LZB) reported Q2 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $376.6 million versus the consensus estimate of $376.29 million.

Kurt L. Darrow, Chairman, President and Chief Executive Officer, of La-Z-Boy Incorporated, said, While the consumer environment experienced weaker demand during the summer and early fall, macroeconomic indicators that generally bode well for discretionary spending and home furnishings remain positive. With that as a backdrop, our advertising, merchandising and promotional plans remain intact as we strategically position the... More