-1.23%
8.86%
24.65%
7.45%
36.25%
29.20%
54.80%
AI Spotlight on LZB
Company Description
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally.It operates through Wholesale, Retail, Corporate and Other segments.The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers.
This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers.The company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network.This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores.
La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture.Its Corporate and Other segment sells the products through its website.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 based in Monroe, Michigan.
Market Data
| Last Price | 47.43 |
| Change Percentage | -1.23% |
| Open | 47.72 |
| Previous Close | 48.02 |
| Market Cap ( Millions) | 1967 |
| Volume | 39834 |
| Year High | 47.72 |
| Year Low | 32 |
| M A 50 | 44.3 |
| M A 200 | 40.21 |
Financial Ratios
| FCF Yield | 5.58% |
| Dividend Yield | 1.73% |
| ROE | 12.44% |
| Debt / Equity | 48.52% |
| Net Debt / EBIDTA | 63.44% |
| Price To Book | 1.96 |
| Price Earnings Ratio | 15.93 |
| Price To FCF | 17.94 |
| Price To sales | 0.95 |
| EV / EBITDA | 7.31 |
News
- Jan -10 - La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action
- Jan -10 - 3 Furniture Stocks Navigating a Tough Industry Landscape
- Jan -07 - La-Z-Boy Incorporated to Present at the 2025 ICR Conference
- Dec -30 - Is LaZBoy (LZB) Stock Outpacing Its Consumer Discretionary Peers This Year?
- Dec -17 - La-Z-Boy Refuses To Recline In Tough Times
- Dec -16 - La-Z-Boy Incorporated Board of Directors Elects Melinda Whittington as Chair, Michael Lawton as Lead Director
- Nov -26 - Are Consumer Discretionary Stocks Lagging LaZBoy (LZB) This Year?
- Nov -26 - Decline to Recline: La-Z-Boy Launches Campaign to Ban Reclining on Airplanes
- Nov -25 - La-Z-Boy Opens Doors, Welcomes Shoppers to New Retail Experience Store in Chicago's Iconic Lincoln Park
- Nov -21 - 4 Stocks That Have Declared Dividend Hikes Amid Market Volatility
- Nov -20 - La-Z-Boy CEO Melinda Whittington: We've been able to outperform despite housing softness
- Nov -20 - La-Z-Boy's Q2 Earnings Surpass Estimates, Sales Rise Y/Y
- Nov -20 - La-Z-Boy Incorporated (LZB) Q2 2025 Earnings Call Transcript
- Nov -19 - La-Z-Boy (LZB) Q2 Earnings and Revenues Top Estimates
- Nov -19 - La-Z-Boy Incorporated Reports Strong Second Quarter Results; Retail Segment Delivered Sales Up 3%; Board Approves 10% Increase to Quarterly Dividend
- Nov -17 - La-Z-Boy: Still Comfortable With A Bullish View
- Nov -05 - La-Z-Boy Incorporated Announces Timing of Fiscal 2025 Second Quarter Earnings Release and Conference Call
- Oct -25 - La-Z-Boy Incorporated Opens Newly Renovated Showroom at High Point Market
- Oct -10 - La-Z-Boy Incorporated Announces Chief Financial Officer Succession
- Sep -16 - La-Z-Boy Incorporated Appoints Stitch Fix CEO Matt Baer to Board of Directors
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Wholesale
Expected Growth : 1 %
What the company do ?
Wholesale from La-Z-Boy Incorporated refers to the business segment that manufactures and distributes upholstered furniture to retailers and wholesalers.
Why we expect these perspectives ?
La-Z-Boy's wholesale segment growth is driven by increasing demand for comfortable and stylish furniture, strategic partnerships with retailers, and expansion into new markets. Additionally, the company's focus on product innovation, quality, and customer service has led to higher sales volumes and market share gains.
Segment n°2 -> Retail
Expected Growth : 1 %
What the company do ?
La-Z-Boy Retail is a segment of La-Z-Boy Incorporated that operates a chain of company-owned furniture stores, offering a wide range of La-Z-Boy products and services.
Why we expect these perspectives ?
La-Z-Boy's Retail segment growth is driven by increasing consumer spending on home furnishings, strategic store openings and remodels, and a focus on e-commerce and digital marketing. Additionally, the company's efforts to enhance the customer experience, expand its product offerings, and improve operational efficiency are contributing to its growth.
Segment n°3 -> Eliminations
Expected Growth : 0 %
What the company do ?
Eliminations from La-Z-Boy Incorporated refer to the removal of intercompany transactions and balances between subsidiaries, ensuring accurate financial reporting.
Why we expect these perspectives ?
La-Z-Boy Incorporated's eliminations with 0% growth are driven by stagnant sales, flat operating margins, and lack of significant acquisitions or divestitures. The company's focus on cost-cutting initiatives and supply chain optimization has not yielded significant growth. Additionally, intense competition in the furniture industry and flat consumer spending have contributed to the stagnant eliminations.
Segment n°4 -> Corporate and Other
Expected Growth : 1 %
What the company do ?
Corporate and Other from La-Z-Boy Incorporated refers to the company's headquarters and other non-segmented expenses, including costs related to administrative functions and other miscellaneous items.
Why we expect these perspectives ?
La-Z-Boy's Corporate and Other segment growth is driven by strategic investments in e-commerce and digital marketing, expansion of its retail footprint, and increased demand for its luxury and outdoor furniture products, resulting in a 1% growth rate.
La-Z-Boy Incorporated Products
| Product Range | What is it ? |
|---|---|
| La-Z-Boy Recliners | La-Z-Boy recliners are designed for comfort and relaxation, offering a range of styles, fabrics, and features to fit any home decor. |
| La-Z-Boy Sofas and Loveseats | La-Z-Boy sofas and loveseats offer stylish comfort and versatility, available in a variety of styles, fabrics, and configurations. |
| La-Z-Boy Sectionals | La-Z-Boy sectionals provide ample seating and comfort, customizable to fit any room size or shape. |
| La-Z-Boy Sleepers | La-Z-Boy sleepers offer comfortable seating by day and a comfortable bed by night, perfect for small spaces or guest rooms. |
| Hampton Furniture | Hampton furniture offers stylish, affordable, and quality-driven furniture for the whole home, including living rooms, dining rooms, and bedrooms. |
| England Furniture | England Furniture offers high-quality, affordable, and stylish furniture for the whole home, with a focus on comfort and durability. |
| American Drew Furniture | American Drew furniture offers high-end, stylish, and quality-driven furniture for the whole home, with a focus on craftsmanship and design. |
La-Z-Boy Incorporated's Porter Forces
Threat Of Substitutes
La-Z-Boy faces moderate threat from substitutes, as consumers have alternative options for furniture and home decor. However, the company's strong brand reputation and quality products help mitigate this threat.
Bargaining Power Of Customers
La-Z-Boy's customers have limited bargaining power due to the company's strong brand presence and wide distribution network. This reduces the likelihood of customers negotiating prices or demanding customized products.
Bargaining Power Of Suppliers
La-Z-Boy's suppliers have moderate bargaining power, as the company relies on a few key suppliers for raw materials. However, the company's large scale of operations and long-term contracts help mitigate this risk.
Threat Of New Entrants
The threat of new entrants is low for La-Z-Boy, as the company has a strong brand presence and established distribution network. New entrants would face significant barriers to entry, including high capital expenditures and marketing costs.
Intensity Of Rivalry
The furniture industry is highly competitive, with many established players vying for market share. La-Z-Boy faces intense rivalry from competitors such as Ashley Furniture and Restoration Hardware, which can lead to pricing pressures and advertising wars.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 32.13% |
| Debt Cost | 3.95% |
| Equity Weight | 67.87% |
| Equity Cost | 9.99% |
| WACC | 8.04% |
| Leverage | 47.35% |
La-Z-Boy Incorporated : Quality Control
La-Z-Boy Incorporated passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| HBB | Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, … |
| ETD | Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two … |
| VIRC | Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet armchairs with work surfaces … |
| FLXS | Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It … |
| CRWS | Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
Ethan Allen
A-Score
1-Year Total Return ->
🥈
Crown Crafts
A-Score
1-Year Total Return ->
🥉
La-Z-Boy
A-Score
1-Year Total Return ->
4
Flexsteel
A-Score
1-Year Total Return ->
5
Hamilton Beach Brands
A-Score
1-Year Total Return ->
6
