Returns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes

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28 March, 2023

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we’d want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it’s a company with a great business model and plenty of profitable reinvestment opportunities. So, when we ran our eye over La-Z-Boy’s (NYSE:LZB) trend of ROCE, we liked what we saw.

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Steelcase Inc Up 15.22% To $8.29 After Earnings Beat

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23 March, 2023

Thursday, March 23, 2023 – Steelcase Inc (SCS) reported upside earnings and revenues today.

Steelcase Inc’s earnings came in at an EPS of $0.19 per share, 73.00% higher than estimates for an EPS of $0.11 per share. The firm’s earnings are up 1050% since reporting losses of $0.02 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

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MillerKnoll sees Q3 sales decline, cites economic uncertainty

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23 March, 2023

ZEELAND, Mich. – Contract furniture giant MillerKnoll reported third quarter sales of $984.7 million, a decline of 4.4% over last year and a nearly 8% dip from last quarter.

Orders in the quarter hit $885.4 million, down 19.2% over same period last year. Consolidated operating expenses for the quarter were $314.4 million, compared with $310.3 million in the prior year.

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Steelcase Reports Fourth Quarter and Fiscal 2023 Results

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22 March 2023

GRAND RAPIDS, Mich., March 22, 2023 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $801.7 million, net income of $15.7 million, or $0.13 per share, and adjusted earnings per share of $0.19.  In the prior year, Steelcase reported revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share, and had $0.01 adjusted earnings per share

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Steelcase in India Grows Women in Manufacturing Roles to 60 Percent

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21 March, 2023

Mumbai, Maharashtra, India – Business Wire India Steelcase, a global leader in the office furniture industry and innovative workspace solutions, announces Women of Steel, an initiative launched by Steelcase India Manufacturing plant, Pune to attract more women to the workforce. The programme has increased the number of women at the plant from 10% in early 2021 to 60% now.

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MillerKnoll is Now Oversold (MLKN)

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20 March, 2023

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

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Marshall Wace LLP increases its stake in La-Z-Boy Incorporated.

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16 March, 2023

Marshall Wace LLP increased its holdings in La-Z-Boy Incorporated (NYSE: LZB) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC).

The company spent approximately $5,078,000 to purchase 224,950 shares of stock.

This brings the total number of shares owned by the company to 537,500.

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MillerKnoll (MLKN) Scheduled to Post Earnings on Wednesday

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15 March, 2023

MillerKnoll (NASDAQ:MLKN) is set to post its quarterly earnings results after the market closes on Wednesday, March 22nd. MillerKnoll has set its Q3 2023 guidance at $0.40-$0.46 EPS and its Q3 guidance at $0.40-0.46 EPS.Investors interested in registering for the company’s conference call can do so using this link.

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La-Z-Boy to Present at Sidoti Investor Conference

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14 March, 2023

MONROE, Mich., March 14, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Sidoti Small-Cap Conference, on Thursday, March 23, 2023, at 2:30 p.m. Eastern. The presentation will be webcast live and will be archived for 90 days. It will be available at https://lazboy.gcs-web.com/.

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MillerKnoll leverages Amperity platform to enhance data strategy

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13 March, 2023

ZEELAND — MillerKnoll is teaming up with customer data platform Amperity to boost its data strategy.

The Zeeland-based office furniture manufacturer has selected Amperity to help maximize its omnichannel data and reach more customers through personalized experiences.

Amperity offers a unified view for companies to understand data across all touchpoints. The platform has been used by brands such as Kroger, Planet Fitness, Under Armour, Lucky Brand, Alaska Airlines and Wyndham Hotels & Resorts.

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