La-Z-Boy (LZB) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 39.71%. A quarter ago, it was expected that this furniture company would post earnings of $0.75 per share when it actually produced earnings of $0.67, delivering a surprise of -10.67%. Over the last four quarters, the co ...

公司业务概况 - La-Z-Boy是全球领先的躺椅生产商，也是美国最大的家具制造/分销商[8] - La-Z-Boy在2024年4月27日的供应链运营包括五个主要制造地点和14个美国分销中心，以及四个墨西哥设施[9] - La-Z-Boy通过多种渠道销售产品，包括家具零售商、直接面向消费者的零售店和网站[10] - La-Z-Boy的零售业务和批发业务是其报告的经营部门，零售业务主要销售家具给终端消费者，而批发业务则销售家具给各种独立零售商[16] 销售与库存管理 - La-Z-Boy的销售受整体家具行业的增长影响，主要受经济增长、房屋活动、消费者福利支出等因素影响[27] - La-Z-Boy的成品进口在2024财年占其综合销售的6%，主要从越南的六家供应商采购[21] - La-Z-Boy的进口产品价格在2024财年大部分时间比2023财年有所下降，但在年底由于全球航运路线的供应挑战而上升[22] - La-Z-Boy的业务具有季节性模式，销售在冬季最高，夏季最低[23] - La-Z-Boy的库存管理策略包括在制品和成品库存的维护，以及在分销中心和制造地点维护成品库存[30] - La-Z-Boy的案头产品业务通常需要维持较高水平的成品库存，以满足长交货时间和客户交付要求[31] - Joybird业务的库存在制造地点维持原材料和在制品库存，Joybird成品库存在我们的分销中心、制造和仓库地点，或者在运输途中到最终消费者处[32] - 我们的库存在2024财年年底与2023财年年底相比减少了1300万美元，因为我们继续稳定库存水平，并将生产与订单趋势对齐。我们持续积极管理库存水平，以确保其相对于销售量是适当的，同时保持对客户服务的关注[33] 财务状况 - 应收账款：与2023财年年底相比，截至2024财年年底，我们的应收账款增加了1370万美元，主要反映了我们的批发业务向外部经销商的销售在2024财年第四季度与去年同期相比有所增加[34] - 我们的应收账款减值准备余额在2024财年年底与2023财年年底相比增加了300万美元，反映了更高的应收账款余额。我们监控客户账户，限制对某些独立经销商的信贷风险，并努力在可能的情况下减少我们的应收账款周转天数[35] - 应付账款：与2023财年年底相比，截至2024财年年底，我们的应付账款减少了1100万美元，主要反映了库存采购减少[36] - 客户存款：与2023财年年底相比，截至2024财年年底，客户存款减少了1700万美元，主要是由于积压订单略微减少[37] 公司文化与社会责任 - 公司鼓励员工成长，提供个人和职业发展机会，包括在工作中提供培训以提高员工效率[63] - 公司定期举行员工大会，让员工与首席执行官、首席财务官等高管互动，以支持公司使命、目标和价值观[64] - 公司长期以来一直致力于回馈社区，通过La-Z-Boy基金会、本地社区参与、灾难救援等慈善项目支持非营利组织[67] - 公司在2024财年继续支持非营利组织，重点关注艺术/文化/人文、社区丰富、教育和健康人道服务领域[68] - 公司员工积极参与慈善活动，包括United Way、Relay for Life、Habitat for Humanity等组织，鼓励和支持员工志愿活动[69]

销售业绩 - La-Z-Boy Incorporated在2024财年第四季度实现了稳健的业绩，销售额达到5.54亿美元，同比增长22%[1] - 公司在2024财年实现了20.5亿美元的交付销售额，净利润达到2.83美元[1] - 公司在2024财年第四季度销售额为553,535千美元，较上年同期561,287千美元略有下降[21] - 公司2024财年全年销售额为2,047,027千美元，较上年同期2,349,433千美元下降[21] 财务状况 - 公司在2024财年实现了1.58亿美元的经营现金流，资产负债表强劲，现金储备达到3.41亿美元[1] - 公司现金及等价物为341,098千美元，较上年同期343,374千美元略有下降[22] - 公司2024财年经营活动产生的净现金流为158,127千美元，较上年同期205,167千美元下降[23] - 公司2024财年投资活动产生的净现金流为-81,554千美元，主要由于资本支出和收购活动[23] - 公司2024财年融资活动产生的净现金流为-81,227千美元，主要由于股票回购和支付股息[23] 部门业绩 - 零售部门的销售额增长1%，但同店销售额下降5%[5] - 零售部门的运营利润率为14.1%，略有下降[6] - 批发部门的销售额下降1%，运营利润率为8.1%[6] - Joybird的销售趋势稳定，利润率有所提高[6] 股东回报 - 公司在2024财年向股东返还了约8500万美元，包括股票回购和股息[5] 展望 - 公司预计在2025财年继续超越行业表现，销售额有望实现适度增长[4]

Fiscal 2024 Fourth Quarter Highlights: Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter) Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarter Grew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights: Consolidated delivered sales ...

Fiscal 2024 Fourth Quarter Highlights: Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter) Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarter Grew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights: Consolidated delivered sales ...

La-Z-Boy Incorporated (LZB) is slated to report its fourth-quarter fiscal 2024 earnings on Jun 17, after market close. In the last reported quarter, the company’s earnings per share (EPS) of 67 cents missed the Zacks Consensus Estimate of 75 cents and declined from the year-ago figure of 91 cents. Net sales of $500 million missed the consensus mark by 5% and declined 12.7% year over year. LZB’s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining one occasion ...

Eoneren Synopsis La-Z-Boy Incorporated (NYSE:LZB) is the leading global manufacturer of reclining chairs and the second-largest distributor of furniture in the U.S. According to a KeyBanc consumer survey, it is also a leading brand for interest in new furniture purchases. However, the outlook for the furniture industry has been rather weak due to a housing shortage and lingering inflation. In the midst of the chaos in the housing market, LZB is focusing on solidifying their business by gaining more market s ...

MONROE, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 4, 2024, at 1:40 p.m. Ea ...

MONROE, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 4, 2024, at 1:40 p.m. Ea ...

La-Z-Boy Incorporated (NYSE:LZB) Q3 2024 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Mark Becks - CFA, IR Contact Melinda Whittington - President and CEO Bob Lucian - SVP and CFO Conference Call Participants Bobby Griffin - Raymond James Anthony Lebiedzinski - Sidoti & Company Zachary Donnelly - KeyBanc Capital Markets Budd Bugatch - Water Tower Research Operator Greetings everyone and welcome to the La-Z-Boy Fiscal 2024 Third Quarter Conference Call. At this time, all partici ...