La-Z-Boy (LZB) Tops Q1 EPS by 24c

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La-Z-Boy Reports Record Fiscal 2023 First-Quarter Results

August 23, 2022 4:15 PM EDT

MONROE, Mich., Aug. 23, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported record-setting first-quarter results for the quarter ended July 30, 2022.

Fiscal 2023 first-quarter highlights versus prior year:

Consolidated sales increased 15% to $604 million, a first-quarter record- Operating profit and operating margin were also all-time first-quarter recordsRetail segment sales increased 30% to $236 million, an all-time quarterly record - Operating profit and operating margin were also all-time quarterly records... More