La-Z-Boy Reports Fiscal 2021 First-Quarter Results

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Go back to La-Z-Boy Reports Fiscal 2021 First-Quarter Results

La-Z-Boy (LZB) Tops Q1 EPS by 31c, Revenues Miss

August 18, 2020 4:18 PM EDT

La-Z-Boy (NYSE: LZB) reported Q1 EPS of $0.18, $0.31 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $285.5 million versus the consensus estimate of $289.74 million.

Fiscal 2021 first quarter versus Fiscal 2020 first quarter:

Consolidated sales decreased 31.0% to $285.5 million, reflecting ongoing COVID-19 impactWritten same-store sales for the entire La-Z-Boy Furniture Galleries® network increased 14.8%

Consolidated operating margin:

GAAP: 1.5% versus 5.7%Non-GAAP(1): 3.1% versus 6.3%Wholesale(2): 9.4% versus 9.5%Retail: (6.8)% versus 6.0%

Net income attributable to... More