La-Z-Boy (LZB) Tops Q3 EPS by 9c, Revenues Miss
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La-Z-Boy Reports Fiscal 2020 Third-Quarter Results
February 18, 2020 4:15 PM ESTMONROE, Mich., Feb. 18, 2020 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2020 third quarter ended January 25, 2020.
Fiscal 2020 third quarter versus Fiscal 2019 third quarter:
Consolidated sales for the third quarter increased 1.8% to $475.9 million La-Z-Boy Furniture Galleries® stores: Written same-store sales for the La-Z-Boy Furniture Galleries® network increased 10.5%, the fourth consecutive quarterly increaseDelivered same-store sales for the company-owned Retail segment increased 5.5%, the seventh consecutive quarterly increase Consolidated operating margin: GAAP: 11.0% versus 8.7%Non-GAAP*: 9.4% versus 9.0% Upholstery operating margin:... More