La-Z-Boy reports record Q2 sales $576M (+25% YoY); raises dividend 10%

LA-Z-BOY INC

2022-Q2 EPS reported $1.43 revenue$1,100,672,000

Consolidated sales $576M, +25% YoY; GAAP EPS $0.89 vs $0.75; non-GAAP EPS $0.85 vs $0.82.
Wholesale segment sales $439M (+28%); Retail segment sales $192M (+19%); Joybird sales $40M record (+37%).
GAAP operating margin 9.4% vs 10.4%; non-GAAP 9.0% improved sequentially from 6.6% in Q1.
Quarterly dividend increased 10% to $0.165/share, payable Dec 15 to holders of record Dec 2.
$22M returned to shareholders in Q2; full-year op margin guidance at or near double digits.

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