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Jul 25, 2020
La-Z-Boy Q1 2021 Earnings Report
La-Z-Boy reported fiscal 2021 first-quarter results, highlighting strong written trends and the reinstatement of a dividend.
Key Takeaways
La-Z-Boy's first quarter of fiscal 2021 was impacted by COVID-19, with consolidated sales decreasing by 31.0% to $285.5 million. However, written same-store sales for the La-Z-Boy Furniture Galleries® network increased by 14.8%, and the company generated $106.3 million in cash from operating activities.
Consolidated sales decreased 31.0% due to COVID-19 impact.
Written same-store sales for the La-Z-Boy Furniture Galleries® network increased 14.8%.
GAAP EPS was $0.10, while Non-GAAP EPS was $0.18.
Cash generated from operating activities totaled $106.3 million.
La-Z-Boy
La-Z-Boy
La-Z-Boy Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comRetail Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
The company is cautiously optimistic heading into the fall, based on current demand trends, but recognizes the pandemic is still upon us and much uncertainty exists on a variety of fronts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income