La-Z-Boy (LZB) Tops Q4 EPS by 13c, Revenue Beats
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La-Z-Boy Reports Fiscal 2021 Fourth-Quarter and Full-Year Results
June 15, 2021 4:15 PM EDTMONROE, Mich., June 15, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported strong operating results for the fiscal 2021 fourth quarter and full year ended April 24, 2021.
Fiscal 2021 fourth quarter versus Fiscal 2020 fourth quarter:
Consolidated sales increased 41% to $519.5 millionWritten same-store sales for the entire La-Z-Boy Furniture Galleries® network doubled, increasing 100%Consolidated operating margin: GAAP: 9.6% versus 3.7%Non-GAAP(1): 10.0% versus 9.3% Wholesale(2): 10.2% versus 11.1%Retail: 12.2% versus... More