secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0000057131-21-000147
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 Q2 sales $576M (+25% YoY); raises dividend 10%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713121000147/0000057131-21-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713121000147/lzb-20211116.htm
  HTML page:      https://secwatch.observer/filing/0000057131-21-000147

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