Benzinga | Jun 15, 2021 04:36PM EDT

La-Z-Boy: Q4 Earnings Insights

Shares of La-Z-Boy (NYSE:LZB) fell in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 77.55% over the past year to $0.87, which beat the estimate of $0.74.

Revenue of $519,470,000 rose by 41.44% from the same period last year, which beat the estimate of $498,530,000.

Looking Ahead

La-Z-Boy Sees Ongoing Incremental Increases In Manufacturing Capacity Throughout FY22

La-Z-Boy Says Sees Temporary Negative Impact To Profit Margins Due To 'dramatic raw material price increases which will only be offset by previously announced pricing actions...'

Price Action

52-week high: $46.74

52-week low: $25.53

Price action over last quarter: Up 13.65%

Company Profile

La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's segments include upholstery, which manufactures and imports upholstered furniture; case goods, which imports and distributes wooden furniture; and retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its upholstery furniture segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.