Reuters
2022.06.22 04:49

La-Z-Boy Reports Q4 Sales Of $685 Mln, Up 32%

June 21 (Reuters) - La-Z-Boy Inc:

June 21 (Reuters) - La-Z-Boy Inc (LZB.N) :

  • LA-Z-BOY REPORTS RECORD SALES AND OPERATING INCOME FOR THE FISCAL 2022 FOURTH QUARTER AND FULL YEAR

  • Q4 NON-GAAP EARNINGS PER SHARE $1.07

  • QTRLY CONSOLIDATED SALES INCREASED 32% TO A RECORD $685 MILLION

  • EXPECT DELIVERED SALES FOR FISCAL 2023 Q1 TO BE UP 7% TO 10% VERSUS Q1 OF FISCAL 2022, IN A RANGE OF $560 MILLION TO $575 MILLION

  • QTRLY EARNINGS PER SHARE $1.33

  • EXPECT Q1 CONSOLIDATED NON-GAAP OPERATING MARGIN TO BE IN A RANGE OF 6.5% TO 7.5%

  • LA-Z-BOY- EXPECT CURRENT MACROECONOMIC & GEOPOLITICAL UNCERTAINTY & EFFECT ON CONSUMER SENTIMENT LIKELY CAUSE DEMAND TRENDS TO REMAIN VOLATILE

  • EXPECT DEMAND TRENDS TO REMAIN VOLATILE FOR FORESEEABLE FUTURE

  • Q4 EARNINGS PER SHARE VIEW $0.92, REVENUE VIEW $664.9 MILLION – REFINITIV IBES DATA

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