Brief: La-Z-Boy Reports Q4 Sales Of $685 Mln, Up 32%

La-Z-Boy

21/06/2022 21:49

June 21 (Reuters) - La-Z-Boy Inc  LZB.N :
    * LA-Z-BOY REPORTS RECORD SALES AND OPERATING INCOME FOR THE FISCAL 2022
FOURTH
QUARTER AND FULL YEAR
    * Q4 NON-GAAP EARNINGS PER SHARE $1.07
    * QTRLY CONSOLIDATED SALES INCREASED 32% TO A RECORD $685 MILLION
    * EXPECT DELIVERED SALES FOR FISCAL 2023 Q1 TO BE UP 7% TO 10% VERSUS Q1 OF
FISCAL
2022, IN A RANGE OF $560 MILLION TO $575 MILLION
    * QTRLY EARNINGS PER SHARE $1.33
    * EXPECT Q1 CONSOLIDATED NON-GAAP OPERATING MARGIN TO BE IN A RANGE OF 6.5%
TO
7.5%
    * LA-Z-BOY- EXPECT CURRENT MACROECONOMIC & GEOPOLITICAL UNCERTAINTY & EFFECT
ON
CONSUMER SENTIMENT LIKELY CAUSE DEMAND TRENDS TO REMAIN VOLATILE
    * EXPECT DEMAND TRENDS TO REMAIN VOLATILE FOR FORESEEABLE FUTURE
    * Q4 EARNINGS PER SHARE VIEW $0.92, REVENUE VIEW $664.9 MILLION -- REFINITIV
IBES
DATA

Source text for Eikon:  ID:nGNX2B9R7C 
Further company coverage:  LZB.N 

 ((Reuters.Briefs@thomsonreuters.com;))