secwatch.observer — SEC 8-K summary
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Issuer:     LA-Z-BOY INC (LZB)
CIK:        0000057131
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0000057131-24-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La-Z-Boy Q4 GAAP EPS $0.91 (up 15% YoY); guides Q1 sales $475-495M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57131/000005713124000027/0000057131-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57131/000005713124000027/lzb-20240617.htm
  HTML page:      https://secwatch.observer/filing/0000057131-24-000027

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