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La-Z-Boy expands board of directors with new appointment

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Thursday, 29 June 2023

MONROE, Mich. – La-Z-Boy has named Raza S. Haider to its board of directors. He will serve on the nominating and governance committee, and his appointment expands the board to 11 members.

Haider works at Bose Corp. as the company’s chief product and supply chain officer, where he is responsible for innovating the brand’s product portfolio to better connect with consumers. Prior to joining Bose, he was senior vice president at Dell Technologies, where he was most recently the general manager of Dell’s global consumer PC business. Before that, his career spans 23 years at other global companies, including McKinsey and Adventis.

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La-Z-Boy Inc Down 0.93% To $27.20 After Earnings Beat

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Wednesday, 21 June 2023

La-Z-Boy Inc (LZB) said after close Tuesday that it earned $0.99 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $561.3 million, beating estimates by $28.3 million.

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La-Z-Boy Faces Industry Pressures: Quarterly Earnings Report

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14 June, 2023

La-Z-Boy Set to Reveal Quarterly Earnings as Industry Challenges Loom

As the residential furniture market continues to face challenges, La-Z-Boy is set to release its earnings data after the close of trading on June 20th. Industry analysts expect the company’s earnings per share for the quarter to be around $0.73.

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La-Z-Boy Q4 revenue bests analysts’ estimates by $28 million

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13 June, 2023

MONROE, Mich. — Fourth quarter growth in its retail segment capped off La-Z-Boy Inc.‘s fiscal year, which generated records for both retail segment sales and consolidated earnings per share.

For the full year ended April 29, the company generated consolidated sales of $2.3 billion, up 2% when adjusting for the 53th week in the FY calendar. Sales in the retail segment jumped 22% to $982 million, with record operating profit and operating margin.

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La-Z-Boy playing offense to rise above volatility in the market

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13 June, 2023

MONROE, Mich. — From retail expansion to new concept tests, La-Z-Boy Inc. is making moves to out-perform the overall industry in the months ahead.

Coming off the company’s second consecutive year of record results despite a distrupted environment, La-Z-Boy executives struck a confident note during this morning’s quarterly investor call. And they outlined plans to pursue growth, even though the company expects the overall furniture industry’s sales this year to run flat to down.

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La-Z-Boy Announces Timing of Fiscal 2023 Fourth Quarter Earnings Release/ Conference Call

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8 June, 2023

MONROE, Mich., June 08, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2023 fourth quarter results after the close of trading on the New York Stock Exchange on Tuesday, June 20, 2023, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 21, 2023.

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La-Z-Boy Furniture Store in Davenport Offers Full Range of Comfortable Furniture with Interior Design Services

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10 May, 2023

Davenport, May 10, 2023 (GLOBE NEWSWIRE) — Davenport, Iowa –

La-Z-Boy Furniture Galleries & Decor, a furniture store in Davenport, IA, and serves the Quad Cities area, is offering a full range of furniture, coupled with the assistance of their interior design professionals to ensure that homeowners can achieve their dream home. They provide the design services free of charge and this begins with a free consultation with a La-Z-Boy Interior Designer in-store, at home, or virtually. In this consultation, it is possible for the homeowner and designer to create a custom-tailored room plan that reflects the customer’s own personal style, preferences, and budget.

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La-Z-Boy Declares Quarterly Dividend

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2 May, 2023

MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.

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Pacer Advisors Inc. Increases Holdings in La-Z-Boy by 28.8%: An Insight into the Company and its Market Performance

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29 April, 2023

On April 29, 2023, it was reported that Pacer Advisors Inc., an institutional investor, has increased its holdings in La-Z-Boy Incorporated by a staggering 28.8% during the fourth quarter of the previous year. The company now owns 265,569 shares of La-Z-Boy’s stock after purchasing an additional 59,404 shares within the period. This move has made Pacer Advisors Inc. own 0.62% of La-Z-Boy worth $6,060,000 as of their most recent filing with the Securities and Exchange Commission.

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How La-Z-Boy Stays Ahead of Changing Consumer Trends With Insights Ecosystem Investment

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28 April, 2023

Ninety-five-year-old furniture brand La-Z-Boy has been in the midst of a major overhaul since 2021, when the company launched its Century Vision approach for strategic growth. Among the many goals is building a robust consumer insights ecosystem by 2027 that will allow the company to quickly adapt to changing shopping behavior and trends, remaining relevant and timely with consumers.

To do so, the company first needed to establish a consumer insights division, tapping two experts to lead the charge: Megan Battig, senior consumer insights manager, and Jorge Calvachi, director of consumer insights. They created a growth learning plan, identifying a strategy to learn who the consumer is, what they want, and how they shop.

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