La-Z-Boy annual, quarterly profits surge

Wednesday, 16 June, 2021

MONROE — La-Z-Boy Inc., one of the nation’s leading furniture makers, on Tuesday reported a fiscal 2021 profit of $106.5 million, or $2.30 a share, as it began restarting then expanding its manufacturing operations to meet increasing demand across all of its business units.

Sales for fiscal 2021 totaled $1.73 billion, compared with $1.704 billion in fiscal 2020. Its fiscal 2020 profit was $77.5 million, or $1.66 a share.

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