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.
The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.
MONROE, Mich., Feb. 18, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Raphael Richmond, Senior Director of Corporate Compliance and Employment Law, will succeed Stephen K. Krull as Vice President and General Counsel, effective April 25, 2021, concurrent with the company’s new fiscal year. She will also hold the role of Chief Compliance Officer. In a related move, Uzma Ahmad, Senior Director of Corporate Law and Assistant Secretary, has been appointed Vice President, Deputy General Counsel and Corporate Secretary, also effective on April 25, 2021. Krull previously announced his retirement and will work with Richmond and Ahmad to ensure a smooth transition.
MONROE, Mich. – James B. Hackett has been named to the board of directors of La-Z-Boy. He will serve on the Audit and the Nominating and Governance committees. The appointment expands the board to 10 members.
The behind-the scenes work to transform the former La-Z-Boy World Headquarters is expected to move quickly over the next few months.
The behind-the scenes work to transform the former La-Z-Boy World Headquarters is expected to move quickly over the next few months, according to City of Monroe officials.
Senior Vice President and COO of La-z-boy Inc (30-Year Financial, Insider Trades) Darrell Dewain Edwards (insider trades) sold 17,365 shares of LZB on 01/25/2021 at an average price of $45 a share. The total sale was $781,425.
MONROE, Mich.— La-Z-Boy Inc. has appointed Robert Sundy as senior vice president and chief commercial officer, effective Jan. 27. Sundy will be responsible for all facets of sales, merchandising and marketing for the La-Z-Boy branded business in North America, and will report to Kurt Darrow, La-Z-Boy Inc. chairman, president and CEO.
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