La-Z-Boy (LZB) Tops Q2 EPS by 12c
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La-Z-Boy Reports Record Sales for the Fiscal 2022 Second Quarter and Sequential Operating Margin Improvement
November 16, 2021 4:15 PM ESTMONROE, Mich., Nov. 16, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported operating results for the fiscal 2022 second quarter ended October 23, 2021.
Fiscal 2022 second quarter versus Fiscal 2021 second quarter:
Consolidated sales increased 25% to $576 millionStrong written order trends versus pre-pandemic FY20 Q2Consolidated operating margin: GAAP: 9.4% versus 10.4%Non-GAAP(1): 9.0% versus 11.1% Improved sequentially versus 6.6% in the fiscal 2022 first... More