La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The Wholesale segment includes England, La-Z-Boy, American Drew®, Hammary®, and Kincaid®. The company-owned Retail segment includes 158 of the 351 La-Z-Boy Furniture Galleries® stores. Joybird is an e-commerce retailer and manufacturer of upholstered furniture.
The corporation's branded distribution network is dedicated to selling La-Z-Boy Incorporated products and brands, and includes 351 stand-alone La-Z-Boy Furniture Galleries® stores and 563 independent Comfort Studio® locations, in addition to in-store gallery programs for the company's Kincaid and England operating units.
Company profile
Ticker
LZB
Exchange
Website
CEO
Kurt Darrow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LA Z BOY CHAIR CO, LA-Z-BOY INCORP
SEC CIK
Corporate docs
Subsidiaries
ELK Air Partners III, LLC • England, Inc. • Gavco 188 Limited • La-Z-Boy Asia Co., Ltd. • La-Z-Boy Canada Limited • La-Z-Boy Canada • La-Z-Boy Casegoods, Inc. • La-Z-Boy Global Limited • La-Z-Boy Hong Kong, Limited • La-Z-Boy Logistics, Inc. ...
IRS number
380751137
LZB stock data
News
5 Value Stocks In The Consumer Cyclical Sector
19 Jul 22
The Lovesac Company And Joybird Reach Agreement To Amicably Resolve Patent Litigation; Terms Not Disclosed
27 Jun 22
Raymond James Maintains Outperform on La-Z-Boy, Lowers Price Target to $32
24 Jun 22
76 Biggest Movers From Yesterday: Ocean Bio-Chem, Athira Pharma And More
23 Jun 22
Why Shares Of La-Z-Boy Are Trading Higher Today
22 Jun 22
Press releases
La-Z-Boy Incorporated Publishes Inaugural ESG Report
20 Jul 22
La-Z-Boy Finalizes Previously Announced Newton, MS Facility Closure
18 Jul 22
Thinking about buying stock in Revlon, Mereo BioPharma, Precision BioSciences, Catalyst Biosciences, or La-Z-Boy?
22 Jun 22
La-Z-Boy Reports Record Sales and Operating Income for the Fiscal 2022 Fourth Quarter and Full Year
21 Jun 22
Carol Y. Lee Joins La-Z-Boy Incorporated as Chief Information Officer
14 Jun 22
Analyst ratings and price targets
Calendar
21 Jun 22
9 Aug 22
30 Apr 23
Financial summary
| Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | Apr 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 248.86M | 248.86M | 248.86M | 248.86M | 248.86M | 248.86M |
| Cash burn (monthly) | (no burn) | 12.15M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 40.57M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 208.29M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 17.1 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Aug 22 | Jennifer Lynn McCurry | Common Shares | Payment of exercise | Dispose F | Yes | No | 28.34 | 72 | 2.04K | 4,302 |
| 28 Jun 22 | Michael Adam Leggett | Common Shares | Grant | Acquire A | No | No | 0 | 5,121 | 0 | 10,121 |
| 28 Jun 22 | Michael Adam Leggett | Employee Stock Options Common Shares | Grant | Acquire A | No | No | 24.41 | 15,823 | 386.24K | 15,823 |
| 28 Jun 22 | Robert Gerard Lucian | Common Shares | Grant | Acquire A | No | No | 0 | 8,027 | 0 | 17,815 |
| 28 Jun 22 | Robert Gerard Lucian | Employee Stock Options Common Shares | Grant | Acquire A | No | No | 24.41 | 24,802 | 605.42K | 24,802 |
| 28 Jun 22 | Whittington Melinda D | Common Shares | Grant | Acquire A | No | No | 0 | 32,773 | 0 | 78,558 |
| 28 Jun 22 | Whittington Melinda D | Employee Stock Options Common Shares | Grant | Acquire A | No | No | 24.41 | 101,266 | 2.47M | 101,266 |
| 28 Jun 22 | Sawyer Otis S | Common Shares | Grant | Acquire A | No | No | 0 | 7,103 | 0 | 54,314 |
| 28 Jun 22 | Sawyer Otis S | Employee Stock Options Common Shares | Grant | Acquire A | No | No | 24.41 | 21,946 | 535.7K | 21,946 |
| 27 Jun 22 | Robert Gerard Lucian | Common Shares | Grant | Acquire A | No | No | 0 | 1,303 | 0 | 9,788 |
Institutional ownership, Q1 2022
15.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 210 |
| Opened positions | 21 |
| Closed positions | 37 |
| Increased positions | 78 |
| Reduced positions | 77 |
| 13F shares | Current |
|---|---|
| Total value | 1.34B |
| Total shares | 40.94M |
| Total puts | 41.4K |
| Total calls | 40.4K |
| Total put/call ratio | 1.0 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 6.99M | $184.29M |
| Vanguard | 4.99M | $131.63M |
| Dimensional Fund Advisors | 2.45M | $64.51M |
| SAMG Silvercrest Asset Management | 2.14M | $56.43M |
| Brown Advisory | 1.7M | $45.13M |
| STT State Street | 1.6M | $42.24M |
| MCQEF Macquarie | 1.58M | $41.69M |
| LSV Asset Management | 1.57M | $41.33M |
| William Blair Investment Management | 1.32M | $34.69M |
| Geode Capital Management | 766.16K | $20.2M |
Financial report summary
?Management Discussion
- Consolidated sales in fiscal 2022 increased 36%, or $622.6 million, compared with the prior year. We estimate the additional week in fiscal 2022 contributed $48.9 million to the increase based on the average weekly sales for the fourth quarter of fiscal 2022. Since retail and manufacturing locations reopened after COVID-related shutdowns at the beginning of fiscal 2021, we have experienced strong written order trends while facing challenges in the global supply chain. In response to heightened demand, we have expanded our manufacturing capacity, increased our strategic raw material reserves, and taken pricing and surcharge actions to counteract rising materials and freight costs. Despite continued supply chain headwinds, the ongoing impact of these strategic actions and sustained demand led to record sales in fiscal 2022.
Content analysis
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H.S. sophomore Good
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New words:
accomplish, affinity, afraid, Alabama, alongside, area, Berkshire, big, Black, box, broadly, Canacintra, Carpet, Chattanooga, cited, climate, clinic, compassion, compassionate, compelling, compound, conflict, costly, counteract, county, courage, curiosity, cyclical, dental, Dentsply, elevated, embrace, enterprise, ERG, ESG, ethical, exterior, flagship, forge, fuel, fueling, Furnico, hacking, Haiti, Hathaway, heart, hosted, incident, input, instance, interior, label, lack, legacy, Leggett, lender, lesser, linked, loan, marketplace, Masonite, meaningful, merge, message, Michael, Multicultural, OSHA, perspective, planet, platform, podcast, population, presence, prudent, purpose, pursue, reactivating, recycling, reinvigorate, reinvigorating, resurgence, Revisiting, satisfaction, Saturday, SCS, Sirona, sound, Specialist, stakeholder, stewardship, suitable, surge, thrive, tighter, tomorrow, track, tracking, unavailability, unpredictable, unsecured, uphold, urban, video, water, weekly, white
Removed:
Absent, achieved, adjusting, amortizing, apply, Arizona, art, articulating, ASC, assumption, button, buy, closed, closing, Club, Comfortably, comprising, condensed, contradictory, Controller, Costco, Darrell, decline, declined, decreasing, Depot, develop, discontinued, Division, downturn, dual, duo, duration, enacting, Europe, extended, extending, factory, FASB, featured, food, forfeit, Gen, guidance, handle, Heinz, IKEA, improvement, inevitably, July, Kraft, length, milestone, millennial, November, offsetting, offshore, partly, permitted, phased, practice, prepaid, proportional, push, rated, repaid, rest, revolutionary, salary, Sam, seasonally, shifted, simultaneously, stimulate, Stitch, tariff, Van
Financial reports
Current reports
8-K
La-z-boy Finalizes Previously Announced Newton, MS Facility Closure
18 Jul 22
8-K
La-z-boy Reports Record Sales and Operating Income for the Fiscal 2022 Fourth Quarter and Full Year
21 Jun 22
8-K
Names Mike Leggett SVP and Chief Supply Chain Officer
2 Mar 22
8-K
La-z-boy Reports 22% Sales Increase for the Fiscal 2022 Third Quarter
15 Feb 22
8-K/A
Departure of Directors or Certain Officers
3 Dec 21
8-K
La-z-boy Reports Record Sales for the Fiscal 2022 Second Quarter and Sequential Operating Margin Improvement
16 Nov 21
8-K
La-z-boy Appoints Erika Alexander to Board of Directors
26 Oct 21
8-K
Entry into a Material Definitive Agreement
15 Oct 21
8-K
Submission of Matters to a Vote of Security Holders
19 Aug 21
8-K
La-z-boy Reports Record Sales for Fiscal 2022 First Quarter
17 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
28 Feb 18
S-8
Registration of securities for employees
19 Nov 13
S-8 POS
Registration of securities for employees (post-effective amendment)
1 May 13
S-8
Registration of securities for employees
18 Aug 10
25
Voluntary exchange delisting
11 Dec 06
S-8
Registration of securities for employees
11 Aug 04
S-8
Registration of securities for employees
27 Jan 00
S-4/A
Registration of securities issued in business combination transactions (amended)
22 Dec 99
S-4
Registration of securities issued in business combination transactions
14 Dec 99
S-8
Registration of securities for employees
21 Aug 97
Proxies
DEFA14A
Additional proxy soliciting materials
20 Jul 22
DEFA14A
Additional proxy soliciting materials
8 Jul 21
DEFA14A
Additional proxy soliciting materials
21 Jul 20
DEFA14A
Additional proxy soliciting materials
21 Jul 20
DEFA14A
Additional proxy soliciting materials
16 Jul 19
DEF 14A
Definitive proxy
16 Jul 19
DEFA14A
Additional proxy soliciting materials
5 Jul 19
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
24 Apr 18
CORRESP
Correspondence with SEC
17 Apr 18
UPLOAD
Letter from SEC
4 Apr 18
CORRESP
Correspondence with SEC
21 Mar 18
UPLOAD
Letter from SEC
7 Mar 18
Ownership
4
LA-Z-BOY / Jennifer Lynn McCurry ownership change
3 Aug 22
4
LA-Z-BOY / Michael Adam Leggett ownership change
29 Jun 22
4
LA-Z-BOY / Jennifer Lynn McCurry ownership change
29 Jun 22
4
LA-Z-BOY / Raphaell Z. Richmond ownership change
29 Jun 22
4
LA-Z-BOY / Otis S Sawyer ownership change
29 Jun 22
4
LA-Z-BOY / Melinda D Whittington ownership change
29 Jun 22
4
LA-Z-BOY / Robert Gerard Lucian ownership change
29 Jun 22
4
LA-Z-BOY / Raphaell Z. Richmond ownership change
23 Jun 22
4
LA-Z-BOY / Jennifer Lynn McCurry ownership change
23 Jun 22
4
LA-Z-BOY / Robert Gerard Lucian ownership change
23 Jun 22
Patents
Utility
Furniture Handling Strap
26 May 22
A furniture handling strap assembly may be used to aid in lifting and carrying a furniture item such as a chair, sofa, or loveseat, for example.
Utility
Furniture member having lumbar adjustment mechanism
10 May 22
A seating or furniture assembly may include a seat bottom, a seatback, and a lumbar adjustment assembly.
Utility
Wall-Proximity Furniture Member Having Sync Mechanism
28 Apr 22
A furniture member includes a base assembly, a frame assembly, a legrest mechanism, a support rod, and a sync mechanism.
Utility
Furniture member having lumbar adjustment mechanism
29 Mar 22
A seating or furniture assembly may include a seat bottom, a seatback, and a lumbar adjustment assembly.
Utility
Wall-proximity furniture member having sync mechanism
14 Dec 21
A furniture member includes a base assembly, a frame assembly, a legrest mechanism, a support rod, and a sync mechanism.
Transcripts
2022 Q4
Earnings call transcript
22 Jun 22
2022 Q3
Earnings call transcript
16 Feb 22
2022 Q2
Earnings call transcript
17 Nov 21
2022 Q1
Earnings call transcript
18 Aug 21
2021 Q4
Earnings call transcript
16 Jun 21
2020 Q3
Earnings call transcript
17 Feb 21
2021 Q2
Earnings call transcript
18 Nov 20
2021 Q1
Earnings call transcript
19 Aug 20
2020 Q4
Earnings call transcript
24 Jun 20
2020 Q3
Earnings call transcript
19 Feb 20
Reddit threads
(6/23) Thursday's Pre-Market Stock Movers & News
23 Jun 22
Stocks Point Lower Wednesday; Crude Oil Prices Fall
22 Jun 22
(6/22) Wednesday's Pre-Market Stock Movers & News
22 Jun 22
(6/22) Wednesday's Pre-Market Stock Movers & News
22 Jun 22
Pre-market summary - June 22nd
22 Jun 22
(6/21) Tuesday's Pre-Market Stock Movers & News
21 Jun 22
Daily Discussion Thread - June 21st, 2022
21 Jun 22
Daily Discussion - Tuesday June 21 2022
21 Jun 22
Daily Discussion Thread - June 20th, 2022
20 Jun 22
Wall Street Week Ahead for the trading week beginning June 20th, 2022
17 Jun 22