secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0000057131-22-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La-Z-Boy posts record Q2 sales $611M, EPS $1.07; guides Q3 sales $525-535M; raises dividend 10%
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- GAAP EPS $1.07 (+20% YoY), revenue $611M (+6%), both record second-quarter results.
- Retail segment sales record $252M (+31%), same-store written sales down 10% due to weaker demand.
- Board raises quarterly dividend 10% to $0.1815/share; payable Dec 20 to holders of record Dec 12.
- Q3 guidance: delivered sales $525-535M, non-GAAP op margin 7.0-7.5%, citing demand headwinds.
- Ended quarter with $208M cash, no debt; YTD returned $19M to shareholders via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713122000112/0000057131-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713122000112/lzb-20221130.htm
  HTML page:      https://secwatch.observer/filing/0000057131-22-000112

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