secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0000057131-22-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La-Z-Boy Q3 sales +22% to $572M, EPS $0.65; supply chain hurts margins
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- Consolidated sales $572M (+22% YoY); GAAP diluted EPS $0.65 vs $0.62 YoY; non-GAAP EPS $0.65 vs $0.74.
- Retail segment record delivered sales $197M (+19% YoY); non-GAAP operating margin 12.2% vs 8.9%.
- Written same-store sales for La-Z-Boy Galleries network up 3%; Joybird written sales +27%.
- Consolidated non-GAAP operating margin 7.0% vs 9.5% YoY, impacted by supply chain, raw material costs, COVID-related absenteeism.
- Q4 outlook: delivered sales per week flat to slightly up vs Q3; expected non-GAAP operating margin 7.5%-8.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713122000010/0000057131-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713122000010/lzb-20220215.htm
  HTML page:      https://secwatch.observer/filing/0000057131-22-000010

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