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La-Z-Boy Reports Fiscal 2018 First-Quarter Results

August 22, 2017 4:15 PM EDT

MONROE, Mich., Aug. 22, 2017 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2018 first quarter ended July 29, 2017.

Consolidated sales increased 4.8% to $357.1 million versus $340.8 million in last years first quarter;Same-store written sales for the La-Z-Boy Furniture Galleries® network increased 0.7%;  Cash flow from operations was $19.5 million;The company returned $16.8 million to shareholders through dividends and share purchases; andEarnings per share for the quarter were $0.24 versus $0.28 in last years first quarter.

Sales for the fiscal 2018 first quarter were $357.1... More