secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0000057131-23-000151
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000151/0000057131-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713123000151/lzb-20231129.htm
  HTML page:      https://secwatch.observer/filing/0000057131-23-000151

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