LA-Z-BOY INC (LZB)

La-Z-Boy, Inc. engages in the production, manufacturing, and distribution of residential furniture. It operates through the following business segments: Wholesale, Retail, and Corporate and Other. 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 case goods furniture, such as occasional pieces, bedroom sets, dining room sets, and entertainment centers. The Retail segment sells upholstered furniture, in addition to some case goods and other accessories to the end consumer through its company-owned La-Z-Boy Furniture Galleries stores. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

Address

ONE LA-Z-BOY DRIVE
MONROE, MI 48162

Founded

1927

Number of Employees

10,200

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $36 $31 - $15 $19 - - - - - $25
Average Price - $23.32 $26.96 - $29.30 $30.44 - - - - - $26.37
# Shares Purchased - 1,556 1,157 - 525 623 - - - - - 965
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 80.1% 55.8% - 43.3% 38.0% - - - - - 59.3%
S&P 500 Return to Date - 173.0% 168.6% - 104.9% 93.1% - - - - - 134.9%
Excess Total Return - -92.9% -112.8% - -61.5% -55.1% - - - - - -75.6%
Quartile Rank
Percentile Rank - 55% 49% - 55% 54% - - - - - 75%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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