La-Z-Boy (LZB) Tops Q4 EPS by 29c

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Go back to La-Z-Boy (LZB) Tops Q4 EPS by 29c

La-Z-Boy Reports Fiscal 2020 Fourth-Quarter and Year-End Results

June 23, 2020 4:15 PM EDT

MONROE, Mich., June 23, 2020 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported its operating results for the fiscal 2020 fourth quarter and full year ended April 25, 2020.

Fiscal 2020 full year versus Fiscal 2019 full year:

Consolidated sales decreased 2.4% to $1.70 billion, reflecting ten months of strength and two months of dramatic temporary impact from the COVID-19 pandemic Consolidated operating margin:

GAAP: 7.0% versus 7.4%Non-GAAP*: 8.2% versus 7.8% Upholstery: 10.8% versus 10.1% Retail: 8.2% versus 6.9%

 Net income attributable to La-Z-Boy Incorporated per diluted share (EPS):

GAAP: $1.66 versus... More