MONROE, Mich., Aug. 28, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced the company will participate in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference in New York. The presentation will be webcast live on Thursday, September 4, 2025, at 1:10 p.m. ET and archived on t...
LZB faces significant macroeconomic headwinds, with low consumer confidence and a weak housing market likely to suppress demand for its products this year. Recent sales declines and shrinking inventories signal a contracting business, making the planned expansion of new stores an unwise use of capital in this environment. While new tariffs may offer a competitive edge, due to LZB's U.S.-based m...
MONROE, Mich., Aug. 25, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today declared a quarterly cash dividend of $0.22 per share on the common stock of the company. The dividend will be paid on September 15, 2025, to shareholders of record on September 4, 2025.
Shares of some big furniture retailers slumped Monday after President Donald Trump announced that he will soon be slapping tariffs on imported furniture.
La-Z-Boy Incorporated's Q1 results disappointed on earnings, with profitability metrics declining despite revenue slightly beating expectations; near-term headwinds remain significant. The company's strong net cash position of $318.5 million provides a cushion to weather economic downturns and ongoing industry challenges. Management continues to pursue growth, acquiring new stores and investing...
The stock is trading at its lowest price in more than a year, but there may be hope for a longer-term turnaround.
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