secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0000057131-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/0000057131-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000031/lzb-20230620.htm
  HTML page:      https://secwatch.observer/filing/0000057131-23-000031

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