{"schema_version":"secwatch.filing_event.v1","accession":"0000057131-24-000012","form_type":"8-K","ticker":"LZB","cik":"0000057131","company_name":"LA-Z-BOY INC","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.653551+00:00","generated_at":"2026-06-05T23:31:57.308500+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"La-Z-Boy Q3 sales $500M, down 13% YoY; GAAP EPS $0.66, non-GAAP $0.67","bullets":["Consolidated sales $500M (-13% YoY); GAAP EPS $0.66 vs $0.74; non-GAAP EPS $0.67 vs $0.91.","Gross margin improved but fixed cost deleverage drove GAAP operating margin to 6.5% (down 100 bps).","Written same-store sales fell 6% network-wide; company-owned down 8% due to winter weather and soft traffic.","Acquired six independent stores; additional two-store acquisition planned in Q4; company-owned now 52% of network.","Q4 guidance: sales $505-535M, non-GAAP operating margin 7-8%; quarterly dividend $0.20/share declared."],"urls":{"canonical":"https://secwatch.observer/filing/0000057131-24-000012","json":"https://secwatch.observer/filing/0000057131-24-000012.json","markdown":"https://secwatch.observer/filing/0000057131-24-000012.md","text":"https://secwatch.observer/filing/0000057131-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/57131/000005713124000012/0000057131-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/57131/000005713124000012/lzb-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:31:57.308500+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6acfb4b8cf99092bfb46c5362f5e75ddab7f5e2e","claim":"LA-Z-BOY INC reported the fiscal quarter ended January 27, 2024 results: revenue $500 million, EPS $0.66.","evidence_excerpt":"La-Z-Boy Incorporated Reports Third Quarter Results La-Z-Boy Reports Fiscal 2024 Third Quarter Results • Consolidated delivered sales of $500 million ◦ Up 5% versus our most recent pre-pandemic third quarter ◦ Down 13% versus year ago period • Results impacted by winter weather events in January • Gross margin expansion on GAAP and Non-GAAP basis, across all segments • GAAP diluted EPS of $0.66 ◦ Non-GAAP diluted EPS of $0.67","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/57131/000005713124000012/0000057131-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended January 27, 2024"},{"label":"Revenue","value":"$500 million"},{"label":"EPS","value":"$0.66"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"752c9db90cf22f5e1c15e60631d2af97fcc4d87b","claim":"LA-Z-BOY INC reported the fourth quarter of fiscal 2024 results: revenue $505-535 million. Guidance initiated.","evidence_excerpt":"For the fourth quarter of fiscal 2024, we expect delivered sales to be in the range of $505-535 million and Non-GAAP operating margin (1) to be in the range of 7-8%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/57131/000005713124000012/0000057131-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of fiscal 2024"},{"label":"Revenue","value":"$505-535 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}