La-Z-Boy (LZB) Tops Q3 EPS by 8c, Revenues Beat
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La-Z-Boy Reports 13% Sales Increase for Third Quarter
February 19, 2019 4:15 PM ESTMONROE, Mich., Feb. 19, 2019 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2019 third quarter ended January 26, 2019.
Third quarter highlights:
Consolidated sales increased 13.0% to $467.6 million  -- Solid core business growth plus sales from recent acquisitions Delivered same-store sales for the company-owned retail segment increased 6.7%  Consolidated operating income:  -- GAAP: $40.8 million versus $33.1 million  -- Non-GAAP: $42.2 million versus $32.6 million*  Consolidated operating margin:  -- GAAP: 8.7% versus 8.0%  -- Non-GAAP: 9.0% versus 7.9%* Net income attributable to La-Z-Boy Incorporated per share (EPS): -- GAAP: $0.61 per diluted share versus $0.25 per diluted share -- Non-GAAP: $0.63... More
