earnings
confidence high
sentiment positive
materiality 0.70
La-Z-Boy posts Q1 record sales $604M, EPS $0.89; guides Q2 sales up 2-5%
LA-Z-BOY INC
2023-Q1 EPS reported
$0.89
revenue$604,091,000
- Consolidated sales $604M (+15% YoY), GAAP EPS $0.89 (+65%); non-GAAP EPS $0.91.
- Retail segment delivered sales record $236M (+30%), non-GAAP operating margin 16.2%.
- Wholesale segment sales $442M (+12%), operating margin 6.1% vs 4.7% prior year.
- Free cash flow $12.1M vs ($13.2M) prior year; cash $238M, no debt.
- Q2 FY23 guidance: delivered sales +2-5% YoY (~$590-605M), non-GAAP OM 8.0-8.5%.