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 ...

财务表现 - La-Z-Boy (LZB)第四季度每股收益为0.67美元，低于Zacks Consensus Estimate的0.75美元[1] - La-Z-Boy在过去四个季度中，三次超过了市场预期的每股收益[2] - La-Z-Boy第四季度营收为5.0041亿美元，低于Zacks Consensus Estimate[3] 股价影响 - La-Z-Boy股价受到最近发布的数据和未来盈利预期的影响，将主要取决于管理层在财报电话会议上的评论[4]

财务表现 - La-Z-Boy Inc.的股价在周二的盘后交易中下跌了12%[1] - 公司报告的第三季度净收入为2870万美元，每股收益为67美分，与去年同期的3170万美元，每股收益74美分相比有所下降[2] - 收入下降了13%，从去年同期的5.727亿美元降至5.004亿美元[2] - 分析师预计每股收益为72美分，收入为5.231亿美元，但公司的表现未达到预期[3]

公司概况 - La-Z-Boy是全球领先的躺椅生产商和美国第二大家具制造/分销商[75] - La-Z-Boy在2024年1月拥有五个主要制造地点和15个美国分销中心，以及四个墨西哥设施[76] 制造业务调整 - 在2023财年第三季度，La-Z-Boy决定关闭位于墨西哥Torreón的制造设施，导致第三和第四季度的费用增加[77] - 在2024财年第二季度，La-Z-Boy决定将Ramos，墨西哥的制造业务转移到其他地方，导致费用增加[78] 销售渠道 - La-Z-Boy通过多种渠道销售产品，包括零售商、直接面向消费者的零售店和网站[80] - La-Z-Boy的零售分布策略的核心是353家La-Z-Boy Furniture Galleries®店和524家La-Z-Boy Comfort Studio®位置[81] 战略计划 - La-Z-Boy的战略计划是通过La-Z-Boy和Joybird两个消费品牌的不成比例增长来为股东创造长期价值[86] - La-Z-Boy计划通过加强企业能力来支持消费品牌的增长和潜在的收购[91] 财务表现 - La-Z-Boy Incorporated的销售额在2024财年第三季度和前九个月分别下降了12.6%和16.5%[96] - La-Z-Boy Incorporated的运营利润在2024财年第三季度和前九个月分别下降了24.0%和36.0%[96] - La-Z-Boy Incorporated的销售额主要受到历史高水平销售的影响，以及2024财年第三季度的冬季天气事件的消极影响[96] 零售部门表现 - La-Z-Boy Incorporated的零售部门销售额在2024财年第三季度和前九个月分别下降了18.5%和15.2%[103] - La-Z-Boy Incorporated的零售部门的同店销售额在2024财年第三季度和前九个月分别下降了8%和2%[104] 批发部门表现 - La-Z-Boy Incorporated的批发部门销售额在2024财年第三季度和前九个月分别下降了13%和19%[109] - La-Z-Boy Incorporated的批发部门的毛利率在2024财年第三季度和前九个月分别增加了170个基点和300个基点[111] 财务状况 - La-Z-Boy Incorporated的利息收入在2024财年第三季度和前九个月分别比去年同期增加了2.1百万美元和7.6百万美元[121] - La-Z-Boy Incorporated的有效税率在2024财年第三季度和前九个月分别为20.2%和24.5%，较去年同期有所降低[122] 现金流 - 在2024财年前九个月，公司经营活动提供的净现金为105.4百万美元，较去年同期减少21.7百万美元[125] - 在2024财年前九个月，公司投资活动使用的净现金为54.0百万美元，较去年同期减少3.9百万美元[126] 融资活动 - 公司于2021年10月15日签订了一份为期五年的2亿美元无担保循环信贷协议[128]

La-Z-Boy公司概况 - La-Z-Boy是全球领先的躺椅生产商，美国第二大居家家具制造商和分销商，拥有五个主要制造地点和12个分销中心在美国，以及四个在墨西哥[6] - La-Z-Boy正在执行名为“世纪愿景”的战略，旨在为接近100周年纪念的公司打下基础，包括现代化品牌、实现销售增长和双位数运营利润率[28] La-Z-Boy公司战略规划 - La-Z-Boy计划增加店铺数量约14%，同时增加公司拥有的店铺数量，以提高利润率[1] - La-Z-Boy的长期战略包括继续收购零售店铺，以促进盈利增长[11] - La-Z-Boy计划继续增加拥有的店铺数量，以提高利润率，目标是在2024年开设高个位数的新店[32] La-Z-Boy公司股票分析 - LZB公司的主要策略是识别低估股票，并设定一个高于入场点的退出范围，基于股票在最近历史上达到的倍数[42] - LZB公司的市盈率在多次情况下超过24倍，并且在20倍以上交易的时间很长。他们过去12个月的收益为3.26美元，未来两年的预测分别为2.91美元和3.17美元。这给我们提供了未来两年的范围，介于58.20美元至63.40美元之间[42] - 根据有形账面价值，LZB公司的股价在3.2倍以上花费了相当长的时间，目前对应53.13美元。假设有形账面价值在未来几年每股增长几美元，3.2倍的倍数将在上述58.20美元至63.40美元的范围内[43] - 投资者应该密切关注发展和财报，可以合理地期待在未来几年内以58至63美元的价格范围退出这项投资[44] - 我认为La-Z-Boy是一个值得购买的股票，未来几年应该能够获得可观的回报。如果公司能够执行其“世纪愿景”计划，每股收益应该会增长，股票应该会引起更多关注，并在58至63美元左右找到一个更合理的价格，这将为当前价格水平的投资者带来巨大回报[45] La-Z-Boy公司财务展望 - 预计美联储将在年底前降息，这可能导致增加购房和家具购买，为La-Z-Boy带来机会[36] - LZB公司将在下周公布第三季度的财报，市场预期第三季度的盈利与第二季度持平，为0.74美元。投资者应该密切关注未来的指导方向，特别是关于收购现有店铺和开设新店铺的进展情况[46]

MONROE, Mich., Feb. 09, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today released its fiscal year 2023 Sustainability Report: Delivering Sustainable Comfort. The report provides a comprehensive overview of the Company's commitments, objectives, and the steps taken to achieve them. It also outlines its sustainability efforts to improve the Company's environmental footprint, and its dedication to social responsibility and ...

MONROE, Mich., Feb. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its third quarter fiscal 2024 results for the period ended January 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, February 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Cana ...

MONROE, Mich., Feb. 05, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, announced its investment and ongoing support of key industry furniture markets. La-Z-Boy Incorporated is formally extending the lease for its portfolio of showrooms at High Point Market in Furniture Plaza, High Point, NC and Las Vegas Market, B555 at World Market Center Las Vegas, NV. La-Z-Boy is also committing to major renovations of its showrooms in Hi ...

MONROE, Mich., Jan. 03, 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 2024 ICR Conference. The event will be held on January 8, 2024, at 9:30 a.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/. Investor Relations Cont ...