Tag Archives: Kurt Darrow

Sales Gains Propel La-Z-Boy Q2 Net


MONROE, Mich.-La-Z-Boy reported a second-quarter income boost of 16.6 percent, to $19.5 million, as sales increases from two of its key segments helped fuel its bottom line. Overall net sales were up 3.8 percent to $365.6 million in the quarter, which ended on Oct. 25. Sales in the upholstery segment rose 3.6 percent, while casegoodsMore »

Last updated: November 19, 2014

La-Z-Boy Net Climbs 36.4 Percent in Q1


MONROE, Mich.-Thanks to upward moves in both sales and margins, La-Z-Boy posted a 36.5 percent increase in net income, to $13.1 million, in its fiscal first quarter ending on July 26. Net sales gained 7 percent to $327 million, fueled by sales increases in both its wholesale and retail segments. In the wholesale segment, salesMore »

Last updated: August 20, 2014

La-Z-Boy to Sell Bauhaus USA to Investors


MONROE, Mich.-La-Z-Boy has signed an agreement to sell Bauhaus USA, an operating company within its upholstery segment, to an investor group led by Britt Allred, Bauhaus’ president. Terms of the transaction were not disclosed. The deal is expected to close in the 2014 fiscal fourth quarter. Based in Saltillo, Miss., Bauhaus offers contemporary sofas, sectionalsMore »

Last updated: February 14, 2014

La-Z-Boy Net Jumps 153 Percent in Q2


MONROE, Mich.-With sales and operating margins from its two segments making significant gains, La-Z-Boy posted net income of $16.7 million in its second quarter, up 153 percent from the second quarter of last year. Total company net sales climbed 13.7 percent to $366.4 million in the quarter, which ended on Oct. 26. This included aMore »

Last updated: November 20, 2013

La-Z-Boy Net More Than Doubles in Q1


MONROE, Mich.-With positive numbers flowing in terms of both sales and margins, La-Z-Boy delivered a 118.1 percent increase in net income in its first fiscal quarter, to $9.6 million. Net sales gained 5.8 percent, totaling $318.9 million, in the quarter which ended on July 27. This included gains of 7 percent in sales in theMore »

Last updated: August 21, 2013