La-Z-Boy (LZB) Raises Quarterly Dividend 10% to $0.22; 2.1% Yield
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La-Z-Boy Incorporated Reports Strong Second Quarter Results; Retail Segment Delivered Sales Up 3%; Board Approves 10% Increase to Quarterly Dividend
November 19, 2024 4:15 PM ESTFiscal 2025 Second Quarter Highlights:
Consolidated delivered sales of $521 million Up 2% versus prior year Retail segment sales increased 3% Led by independent La-Z-Boy Furniture Galleries® acquisitions, new stores, and record Labor Day sales results GAAP and Non-GAAP(1) diluted EPS of $0.71Delivered sales and Non-GAAP(1) operating margin ahead of guidanceCompany-owned La-Z-Boy Furniture Galleries® network grew by five stores, with three new stores, two newly acquired independent La-Z-Boy Furniture Galleries® stores, and an additional two-store acquisition signed and expected to... More