La-Z-Boy's Accretive Expansion Strategy Is Undervalued
La-Z-Boy(LZB) Seeking Alpha·2024-07-08 11:33
atiatiati/iStock via Getty ImagesLa-Z-Boy Incorporated (NYSE:LZB) sells furniture through its own and independently operated retail store network and through wholesale channels, best known for the company’s reclining chairs. The company has a solid financial profile and strategy, and while industry turbulence caused by a weak housing market has pushed the company’s revenues and earnings down, La-Z-Boy continues generating a healthy bottom line. In the past decade, La-Z-Boy’s stock has appreciated around ...