---
schema_version: "secwatch.filing_event.v1"
accession: "0000057131-23-000151"
form_type: "8-K"
ticker: "LZB"
cik: "0000057131"
company_name: "LA-Z-BOY INC"
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:36:12.776888+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# La-Z-Boy Q2 beats guidance; dividend up 10%; same-store written sales +1%

## Summary
- GAAP diluted EPS $0.63; Non-GAAP diluted EPS $0.74; sales $511M (-16% YoY) at high end of guidance.
- Written same-store sales for La-Z-Boy Furniture Galleries network increased 1%; retail segment written sales +3%.
- Dividend increased 10% to $0.20/share; payable Dec 18, 2023 to holders of record Dec 11, 2023.
- Year-to-date operating cash flow $57M, up 84% YoY; no external debt; $333M cash balance.
- Q3 guidance: sales $515-535M, non-GAAP operating margin 7-8%; acquired a 6-store network in Midwest.

## SEC filing metadata
- accession: 0000057131-23-000151
- form_type: 8-K
- ticker: LZB
- cik: 0000057131
- company_name: LA-Z-BOY INC
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/57131/000005713123000151/0000057131-23-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/57131/000005713123000151/lzb-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000057131-23-000151
- JSON: https://secwatch.observer/filing/0000057131-23-000151.json
- Plain text: https://secwatch.observer/filing/0000057131-23-000151.txt

## Key facts
- Earnings Releases
  LA-Z-BOY INC reported the fiscal quarter ended October 28, 2023 results: revenue $511,435, net income $27,199, EPS $0.63.
  - Period: the fiscal quarter ended October 28, 2023
  - Revenue: $511,435
  - Net income: $27,199
  - EPS: $0.63
  - Result: reported results
  source text: operating margin (1) to be in the range of 7-8%." Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended 10/28/2023 10/29/2022 Change Sales $ 511,435 $ 611,332 (16)% GAAP operating income 33,612 61,883 (46)% Non-GAAP operating income 40,510 61,146 (34)% GAAP operating margin 6.6% 10.1% (350) bps Non-GAAP operating margin 7.9%
  evidence_url: https://www.sec.gov/Archives/edgar/data/57131/000005713123000151/0000057131-23-000151-index.htm

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