La-Z-Boy Reports Fiscal 2016 Full-Year And Fourth-Quarter Results
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La-Z-Boy (LZB) Misses Q4 EPS by 3c; Comps Rise 2.2%
June 21, 2016 4:17 PM EDTLa-Z-Boy (NYSE: LZB) reported Q4 EPS from cont ops of $0.45, $0.03 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $417.1 million versus the consensus estimate of $416.48 million.
Same-store written sales for the La-Z-Boy Furniture Galleries® network increased 2.2% on a comparable basis.
Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy, said, "We delivered exceptional performance in fiscal 2016 and continued on a five-year path of sales and earnings increases. Our results demonstrate the effectiveness of our... More
