{"schema_version":"secwatch.filing_event.v1","accession":"0000057131-23-000031","form_type":"8-K","ticker":"LZB","cik":"0000057131","company_name":"LA-Z-BOY INC","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.904698+00:00","generated_at":"2026-06-13T21:58:33.269847+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"La-Z-Boy reports record FY2023 non-GAAP EPS $3.86; Q4 EPS $0.99","bullets":["Full-year non-GAAP EPS $3.86 (record), up 24%; GAAP EPS $3.48, up 3%. Revenue $2.35B, flat YoY.","Retail segment record sales $982M (+22%) and record operating profit; Wholesale sales down 23%.","Q4 sales $561M (-12% adj. for 53rd week); non-GAAP EPS $0.99 (-7%); GAAP EPS $0.79 (-41%).","Operating cash flow $205M (more than doubled); free cash flow $136M; no debt, cash $347M.","Q1 FY2024 guidance: sales $470-$490M, operating margin 6.5%-7.5%; back half expected stronger."],"urls":{"canonical":"https://secwatch.observer/filing/0000057131-23-000031","json":"https://secwatch.observer/filing/0000057131-23-000031.json","markdown":"https://secwatch.observer/filing/0000057131-23-000031.md","text":"https://secwatch.observer/filing/0000057131-23-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/lzb-20230620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T21:58:33.269847+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac887255c80d3ad1e081417e668237077e09de2e","claim":"LA-Z-BOY INC reported the fiscal year ended April 29, 2023 results: revenue $ 2,349,433, net income 150,664, EPS $ 3.48.","evidence_excerpt":"Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended Year Ended 4/29/2023 4/30/2022 Change 4/29/2023 4/30/2022 Change Sales $ 561,287 $ 684,566 (18)% $ 2,349,433 $ 2,356,811 (0.3)% GAAP operating income 54,073 78,785 (31)% 211,439 206,756 2% Non-GAAP operating income 55,056 64,602 (15)% 223,203 190,573 17% GAAP operating margin 9.6% 11.5% -190 bps 9.0% 8.8% 20 bps Non-GAAP operating margin 9.8% 9.4% 40 bps 9.5% 8.1% 140 bps GAAP net income attributable to La-Z-Boy Incorporated 34,373 57,468 (40)% 150,664 150,017 0.4% Non-GAAP net income attributable to La-Z-Boy Incorporated 43,091 47,209 (9)% 167,080 138,600 21% Diluted weighted average common shares 43,427 43,256 43,240 44,294 GAAP diluted earnings per share $ 0.79 $ 1.33 (41)% $ 3.48 $ 3.39 3% Non-GAAP diluted earnings per share $ 0.99 $ 1.07 (7)% $ 3.86 $ 3.11 24%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended April 29, 2023"},{"label":"Revenue","value":"$ 2,349,433"},{"label":"Net income","value":"150,664"},{"label":"EPS","value":"$ 3.48"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"dd6739c54f05f94cc06a777ade2485d5e9e6d64c","claim":"LA-Z-BOY INC reported the fiscal quarter ended April 29, 2023 results: revenue $ 561,287, net income 34,373, EPS $ 0.79.","evidence_excerpt":"Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended Year Ended 4/29/2023 4/30/2022 Change 4/29/2023 4/30/2022 Change Sales $ 561,287 $ 684,566 (18)% $ 2,349,433 $ 2,356,811 (0.3)% GAAP operating income 54,073 78,785 (31)% 211,439 206,756 2% Non-GAAP operating income 55,056 64,602 (15)% 223,203 190,573 17% GAAP operating margin 9.6% 11.5% -190 bps 9.0% 8.8% 20 bps Non-GAAP operating margin 9.8% 9.4% 40 bps 9.5% 8.1% 140 bps GAAP net income attributable to La-Z-Boy Incorporated 34,373 57,468 (40)% 150,664 150,017 0.4% Non-GAAP net income attributable to La-Z-Boy Incorporated 43,091 47,209 (9)% 167,080 138,600 21% Diluted weighted average common shares 43,427 43,256 43,240 44,294 GAAP diluted earnings per share $ 0.79 $ 1.33 (41)% $ 3.48 $ 3.39 3% Non-GAAP diluted earnings per share $ 0.99 $ 1.07 (7)% $ 3.86 $ 3.11 24%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended April 29, 2023"},{"label":"Revenue","value":"$ 561,287"},{"label":"Net income","value":"34,373"},{"label":"EPS","value":"$ 0.79"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}