La-Z-Boy is betting that owning more of its own stores and making it easier for shoppers to buy across channels will help it win customers who are spending more on making their homes comfortable. The catch is that heavier discounting, weak store traffic, and the cost of new stores and a major delivery overhaul could keep profits under pressure for longer than expected.Read more
La-Z-Boy could be squeezed as fewer new households form and more shoppers buy furniture online, leaving big store expansion plans looking out of step with how people shop today. But the company is also working on modernizing its brand and tightening its supply chain, which could help it hold up better than expected if those moves land.Read more
Key Takeaways Accelerated store expansion, regional acquisitions, and supply chain upgrades are set to boost La-Z-Boy's margins, earnings stability, and industry leadership beyond current expectations. Demographic trends and investment in omnichannel retail uniquely position La-Z-Boy for sustained high-margin growth, market share gains, and outperformance in a fragmented industry.Read more
Flawless balance sheet with proven track record and pays a dividend.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States and internationally. The company operates through Wholesale and Retail segments. Its Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Stores, operators of La-Z-Boy Comfort Studio and branded space locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other home furnishing accessories to the end consumer through its retail stores. It licenses La-Z-Boy brand name on various products; and operates Joybird, an omni-channel, direct to consumer retailer and manufacturer of upholstered furniture, as well as sells to the end consumer primarily online through its www.joybird.com website and small-format stores in key markets. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.
