Brief: La-Z-Boy Reports Record Fiscal 2023 First-Quarter Results

La-Z-Boy

23/08/2022 21:27

Aug 23 (Reuters) - La-Z-Boy Inc  LZB.N :
    * LA-Z-BOY REPORTS RECORD FISCAL 2023 FIRST-QUARTER RESULTS
    * LA-Z-BOY INC - QTRLY GAAP EARNINGS PER SHARE $0.89
    * LA-Z-BOY INC - QTRLY NON-GAAP EARNINGS PER SHARE $0.91
    * LA-Z-BOY INC - QTRLY CONSOLIDATED SALES INCREASED 15% TO
$604
MILLION
    * LA-Z-BOY INC - EXPECT DELIVERED SALES FOR FISCAL 2023 Q2
TO BE
UP 2% TO 5% VERSUS Q2 OF FISCAL 2022, IN A RANGE OF ABOUT $590
MILLION TO $605 MILLION
    * LA-Z-BOY INC - QTRLY DELIVERED SAME-STORE SALES FOR
COMPANY-OWNED RETAIL SEGMENT INCREASED 25%
    * LA-Z-BOY INC -  EXPECT FISCAL 2023 Q2 CONSOLIDATED
NON-GAAP
OPERATING MARGIN TO BE IN A RANGE OF ABOUT 8.0% TO 8.5%

Source text for Eikon:  ID:nGNX1sCG0b 
Further company coverage:  LZB.N 

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