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La Z Boy Inc
La-Z-Boy Incorporated (LAZ) is a publicly traded company based in the United States. The company is a leading manufacturer and retailer of residential furniture, including upholstery, motion furniture, recliners, and home furnishings. La-Z-Boy's product portfolio also includes a variety of decorative accent furniture and accessories.
La-Z-Boy's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ." The company's financial performance is typically reported on a quarterly and annual basis, with financial reports available on the company's website and through regulatory filings with the Securities and Exchange Commission (SEC).
La-Z-Boy's corporate headquarters are located in Monroe, Michigan, and the company has manufacturing facilities across the United States, as well as in China. The company operates a network of over 350 La-Z-Boy Furniture Galleries® and thousands of independent retailers across the United States and Canada.
La-Z-Boy's fiscal year ends on Saturday of the last week in March of each year. The company has a market capitalization of approximately $1.1 billion as of March 2023.
La-Z-Boy's business strategy focuses on delivering high-quality, comfortable furniture that meets the needs of a wide range of consumers. The company invests heavily in research and development to create innovative products that offer superior comfort, style, and value. La-Z-Boy's commitment to sustainability and social responsibility also plays a significant role in its business strategy, with initiatives focused on reducing waste, conserving resources, and supporting local communities.
La-Z-Boy's financial performance has been strong in recent years, with revenue growing at a compound annual growth rate of 2.2% over the past five years. The company's net income has also grown over the past five years, increasing from $25.7 million in fiscal 2018 to $47.3 million in fiscal 2022. However, the COVID-19 pandemic has presented challenges for the company, with supply chain disruptions and changes in consumer behavior impacting financial performance.
Overall, La-Z-Boy is a well-established brand in the residential furniture market, with a long history of delivering high-quality products and a commitment to innovation, sustainability, and social responsibility. The company's financial performance has been strong in recent years, and it is well-positioned to continue growing and delivering value to shareholders.