earnings
confidence high
sentiment neutral
materiality 0.80
La-Z-Boy Q4 GAAP EPS $0.91 (up 15% YoY); guides Q1 sales $475-495M
LA-Z-BOY INC
2024-FY EPS reported
$2.83
revenue$2,047,027,000
- Q4 sales $554M (down 1% YoY but up 22% vs pre-pandemic Q4 FY19); Non-GAAP EPS $0.95.
- Full-year sales $2.05B (down 13% YoY); op cash flow $158M; cash $341M, no debt.
- Q1 FY25 guidance: sales $475-495M, Non-GAAP op margin 6-7%; expects modest FY growth despite industry down 5%.
- Retail same-store written sales down 5%; added 17 stores in FY24, plans 12-15 new stores in FY25.
- Returned $85M to shareholders ($53M buybacks, $33M dividends); dividend raised 10% in Q3.