earnings
confidence high
sentiment positive
materiality 0.70
La-Z-Boy posts record Q4 sales $685M (+32%), GAAP EPS $1.33 vs $0.81
LA-Z-BOY INC
2022-FY EPS reported
$3.39
revenue$2,356,811,000
- Q4 consolidated sales $685M (+32% YoY); GAAP EPS $1.33 vs $0.81; non-GAAP EPS $1.07 vs $0.87.
- Full-year sales $2.4B (+36%); GAAP EPS $3.39 vs $2.30; returned $118M via buybacks and dividends.
- Retail delivered sales $233M (+20%), same-store written sales -9% reflecting consumer headwinds.
- Joybird delivered sales $53M (+40%); Wholesale segment sales $513M (+34%).
- Q1 FY2023 guidance: sales $560-575M (+7-10% YoY), non-GAAP operating margin 6.5-7.5%.