NEOSHO, Mo. — A Southwest Missouri manufacturer cuts the ribbon on a thirty-million-dollar renovation project.
Officials with La-Z-Boy in Neosho officially opened the new expansion at a ceremony this afternoon.
The facility offers a new cafeteria and health clinic for employees, along with additional offices and upgraded infrastructure.
MONROE, Mich. – First quarter sales and operating margin landed squarely in the middle of where La-Z-Boy predicted they would.
SALT LAKE CITY–(BUSINESS WIRE)–InMoment, the leading provider of Experience Improvement (XI) solutions, announced today that La-Z-Boy has selected InMoment’s omnichannel listening XI Platform as they continue to honor the past and embrace the future by bringing meaningful products and quality experiences to a new generation of customers.
La-Z-Boy launched a new marketing platform, “Long Live The Lazy,” to reclaim the term “lazy,” according to a press release. A national ad campaign will begin airing this week across broadcast, digital, streaming, social media and mobile gaming.
MONROE, Mich. — As it nears its 100th anniversary in 2027, furniture manufacturer and Top 100 retailer La-Z-Boy is re-examining how it connects with consumers.
The Monroe, Mich.-based furniture maker and retailer is undergoing a La-Z-Boy brand refresh that will roll out in August. It has secured the services of marketing firm Colle McVoy to provide strategy, design, public relations and influencer marketing to reposition the La-Z-Boy brand from one that is steeped in nostalgia to an active, dynamic and distinctive brand for modern audiences. RPA, La-Z-Boy’s long-time creative agency, is creating the campaign.
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.
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.
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.
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.
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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