secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0000057131-23-000116
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La-Z-Boy Q1 sales down 20% to $482M, EPS $0.63; Q2 outlook $490-$510M
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- GAAP diluted EPS $0.63 vs $0.89 YoY; non-GAAP $0.62 vs $0.91.
- Consolidated sales $482M, down 20% YoY, on lower volume vs elevated pandemic backlog.
- Owned Retail written same-store sales +2%; total written sales +8% from new/acquired stores.
- Resumed share buybacks with $10M repurchases; quarterly dividend unchanged at $0.1815/share.
- Q2 guidance: sales $490-$510M, operating margin 6.5%-7.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000116/0000057131-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000116/lzb-20230822.htm
  HTML page:      https://secwatch.observer/filing/0000057131-23-000116

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