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La-Z-Boy Reports Fiscal 2020 Fourth-Quarter And Year-End Results
La-Z-Boy Announces Moves To Strengthen And Re-Align Business
La-Z-Boy Provides Covid-19 Manufacturing And Retail Update
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company's segments include the Upholstery segment, the Casegoods segment and the Retail segment. The Company is the producer of reclining chairs and manufacturer/distributor of residential furniture in the United States. The Company sells its products, primarily in the United States and Canada, as well as internationally, to furniture retailers and directly to consumers through stores that it owns and operates. The Company has a network of approximately 340 La-Z-Boy Furniture Galleries stores and over 560 Comfort Studio locations. The Company owns approximately 120 of the La-Z-Boy Furniture Galleries stores. The Company's other brands include England, Kincaid, American Drew and Hammary.
Furniture & Fixtures
1 Lazboy Dr
Kurt L. Darrow
Chairman of the Board, President, Chief Executive Officer
Melinda D. Whittington
Chief Financial Officer, Senior Vice President
Darrell D. Edwards
Chief Operating Officer, Senior Vice President
Otis S. Sawyer
Senior Vice President and President - La-Z-Boy Portfolio Brands
Stephen K. Krull
Vice President, General Counsel and Corporate Secretary
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Rocked by the coronavirus pandemic, Corporate America is rushing to revise its hiring plans and taking a hard look at staff incentives as the outbreak leads to shuttering of businesses, travel bans and a rush to stock up on essentials amid widespread lockdowns. While a wave...
Furniture retailer La-Z-Boy Inc <LZB.N> said on Wednesday it would partially resume production at several U.S.-based plants next week after temporarily shutting them down in response to the COVID-19 pandemic.
La-Z-Boy Inc said on Sunday it was putting 6,800 employees on furlough, cutting workers' pay, scrapping its June dividend and ending its share repurchase plan indefinitely to conserve cash as it deals with the fallout from the coronavirus.
* TEMPORARY CLOSURE OF U.S. MANUFACTURING FACILITIES, EFFECTIVE IMMEDIATELY, TO BE RE-EVALUATED ON APRIL 13
American furnishing retailer La-Z-Boy Inc said on Tuesday a further rise in U.S. tariffs on Chinese imports would lead to higher raw material costs in fiscal 2020 and may likely force it to raise product prices.
* SETS QUARTERLY CASH DIVIDEND OF $0.12PER SHARE Source text for Eikon: Further company coverage:
* QTRLY SAME-STORE WRITTEN SALES FOR LA-Z-BOY FURNITURE GALLERIES NETWORK INCREASED 2.6 PCT
* La-Z-Boy inc - la-Z-Boy will launch a national search for a successor who will work with Riccio through a transition period
* Sets quarterly cash dividend of $0.11 per share Source text for Eikon: Further company coverage:
* La-Z-Boy Inc - Expect capital expenditures to be in the range of $50 to $55 million for all of fiscal 2018 - SEC filing
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.