secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0000057131-21-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La-Z-Boy reports record Q1 sales $524.8M (+84%); EPS $0.54; boosts buyback authorization
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- Consolidated sales $524.8M (+84% YoY); GAAP EPS $0.54 vs $0.10; non-GAAP EPS $0.55 vs $0.18.
- Wholesale segment sales $393.5M (+76% YoY); non-GAAP operating margin 4.7% vs 9.4% on cost pressures.
- Retail delivered sales $181.8M (+100% YoY); non-GAAP operating margin 11.2% vs -6.8%.
- Joybird delivered sales $38.7M (+188% YoY); written sales +31%.
- Board increased share repurchase authorization by 6.5M to 9M shares (~$320M); $0.15 quarterly dividend declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713121000098/0000057131-21-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713121000098/lzb-20210817.htm
  HTML page:      https://secwatch.observer/filing/0000057131-21-000098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer