---
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"
generated_at: "2026-06-13T21:58:33.269847+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# La-Z-Boy reports record FY2023 non-GAAP EPS $3.86; Q4 EPS $0.99

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000057131-23-000031
- JSON: https://secwatch.observer/filing/0000057131-23-000031.json
- Plain text: https://secwatch.observer/filing/0000057131-23-000031.txt

## Key facts
- Earnings Releases
  LA-Z-BOY INC reported the fiscal year ended April 29, 2023 results: revenue $ 2,349,433, net income 150,664, EPS $ 3.48.
  - Period: the fiscal year ended April 29, 2023
  - Revenue: $ 2,349,433
  - Net income: 150,664
  - EPS: $ 3.48
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm
- Earnings Releases
  LA-Z-BOY INC reported the fiscal quarter ended April 29, 2023 results: revenue $ 561,287, net income 34,373, EPS $ 0.79.
  - Period: the fiscal quarter ended April 29, 2023
  - Revenue: $ 561,287
  - Net income: 34,373
  - EPS: $ 0.79
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.