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La Z Boy Inc

La-Z-Boy Incorporated (LZB) is a public furniture company that trades on the New York Stock Exchange (NYSE). La-Z-Boy has been in operation for over 90 years, having been founded in 1927. The business is headquartered in Monroe, Michigan, and it specializes in producing and selling furniture for the living room, dining room, home office, bedroom, and outdoor spaces, as well as various accessories.

The business produced $1.74 billion in revenue in 2020, with $652.7 million generated in the second quarter of 2022. This represents an increase from the previous year's $1,660.4 million and $583.7 million, respectively. La-Z-Boy has six manufacturing plants in the United States and Mexico, as well as ten distribution sites across the United States and Canada. The business employs approximately 11,500 people.

La-Z-Boy has been concentrating its efforts on boosting its retail network and digital commerce platform in recent years. La-Z-Boy enters the e-commerce industry with the acquisition of e-commerce platform Joybird in 2018, complementing their brick-and-mortar locations across Canada and the United States.

La-Z-Boy has a competitive advantage in that it owns both Galleria and American Signature Furniture. La-Z-Boy's dedication to quality has earned it the title of "Most Comfortable Seat in the House," with furniture marketed under the La-Z-Boy brand offered through a network of 354 locally owned layouts. La-Z-Boy controls 90% of its production in Mexico and the United States.

La-Z-Boy Incorporated has won numerous honors and recognitions for its goods and services. It received the 2022 Women's Choice Award for America's Most Recommended Gender-Friendly Brand, a recognition based entirely on consumer opinions and reviews. Furthermore, La-Z-Boy was named to Newsweek's list of America's Most Responsible Companies for 2022.

La-Z-Boy has a strong brand portfolio with the La-Z-Boy brand, American Signature Furniture, Value City Furniture, and Jordan's Furniture. The firm recently released its second-quarter fiscal 2022 earnings, which showed higher results year over year. We anticipate further gains as it continues to expand its retail presence through its omnichannel approach, which combines physical shops and e-commerce platforms.