Melinda Whittington, CEO of La-Z-Boy, joins CNBC's 'The Exchange' to discuss the state of the consumer, how La-Z-Boy has been able to grow with major headwinds in the housing sector, and more.
LZB's second-quarter fiscal 2025 results indicate increased delivered volume in the Retail segment.
La-Z-Boy Incorporated (NYSE:LZB ) Q2 2025 Earnings Conference Call November 20, 2024 8:30 AM ET Company Participants Mark Becks - Director of IR & Corporate Development Melinda Whittington - President & CEO Bob Lucian - SVP & CFO Taylor Luebke - VP, Finance & Treasurer Conference Call Participants Bobby Griffin - Raymond James Anthony Lebiedzinski - Sidoti & Company Brad Thomas - KeyBanc Operator Greetings. Welcome to the La-Z-Boy Fiscal 2025 Second Quarter Conference Call.
La-Z-Boy (LZB) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.74 per share a year ago.
La-Z-Boy's stock is attractively priced despite mixed performance, with revenue growth and strong cash flows, warranting a soft 'buy' recommendation. The company faced revenue and profitability declines in 2023 due to supply chain issues and increased competition but remains financially robust with no debt. Management's focus on direct-to-consumer sales and strategic acquisitions aims to drive future growth, supported by significant cash reserves and investment in infrastructure.
La-Z-Boy Inc. NYSE: LZB stock dropped 7% after the home furnishings retailer reported earnings on August 20. The report itself was fine with revenue and earnings beating analysts' expectations and revenue coming in higher year-over-year (YOY).
La-Z-Boy Incorporated (NYSE:LZB ) Q1 2025 Earnings Conference Call August 21, 2024 8:30 AM ET Company Participants Mark Becks - Director of IR & Corporate Development Melinda Whittington - President, CEO Bob Lucian - SVP, CFO Conference Call Participants Alessandra Jimenez - Raymond James Taylor Zick - KeyBanc Capital Market Anthony Lebiedzinski - Sidoti & Company Operator Good day, and welcome to the La-Z-Boy Fiscal 2025 First Quarter Conference Call. At this time all participants are in a listen-only mode.
La-Z-Boy's (LZB) first-quarter fiscal 2025 results reflect increased delivered volume in the Wholesale segment.
La-Z-Boy (LZB) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.
Shares of La-Z-Boy Inc. dropped more than 3% in the extended session Tuesday after the furniture maker said consumers continued to rein in their expenses outside holiday promotions, and guided for lower-than-expected sales in the current quarter.
La-Z-Boy Incorporated LZB is expected to release earnings results for its fiscal first quarter, after the closing bell on Tuesday, Aug. 20.
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