La-Z-Boy Incorporated (LZB) Releases Earnings Results, Beats Expectations By $0.04 EPS

La-Z-Boy Incorporated (LZB) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. LZB said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.38. The company posted revenue of $376.58 million in the period, compared to analysts expectations of $376.29 million. LZB’s revenue was down -1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

La-Z-Boy Incorporated closed down -0.2 points or -0.73% at $27.25 with 4,09,334 shares getting traded on Tuesday. Post opening the session at $27.5, the shares hit an intraday low of $27.2 and an intraday high of $27.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 26, 2016, John Douglas Collier (Senior Vice President) sold 26,874 shares at $26.17 per share price. According to the SEC, on Sep 2, 2016, Mark Bacon (Senior Vice President) sold 43,452 shares at $26.67 per share price. On Aug 29, 2016, Otis S Sawyer (Senior Vice President) sold 5,935 shares at $27.46 per share price, according to the Form-4 filing with the securities and exchange commission.

La-Z-Boy Incorporated manufactures markets imports distributes and retails upholstery furniture products. In addition the Company imports distributes and retails accessories and case goods (wood) furniture products. The Company operates through segments including the Upholstery segment the Casegoods segment and the Retail. Its Upholstery segment consists of two operating units: La-Z-Boy and its England subsidiary. The Upholstery segment manufactures imports and exports upholstered furniture. The Company’s Casegoods segment is an importer marketer and distributor of casegoods (wood) furniture such as bedroom sets dining room sets entertainment centers and occasional pieces and also manufactures some coordinated upholstered furniture. The Casegoods segment consists of three brands: American Drew Hammary and Kincaid. Its Retail segment consists of 110 company owned La-Z-Boy Furniture Galleries stores. The Retail segment primarily sells upholstered furniture.

La-Z-Boy Incorporated

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