– La-Z-Boy Inc. released their Q4 earnings, surpassing the forecasts made by industry analysts.
– The company reported impressive sales growth, with $519.5 million revenue as opposed to $367.3 million in the same period last year.
– La-Z-Boy’s adjusted earnings per share stood at $0.87 – notably beating the analyst prediction of $0.74.
– The company also experienced a significant boost in its online business, which played a pivotal role in its Q4 success.
– CEO of La-Z-Boy, Kurt Darrow, credited the strategic restructuring, innovation, and improvements in the supply chain for the excellent results.
– Darrow also talked about improved demand for the company’s products and expects moderate growth in the coming quarters.
– La-Z-Boy plans to focus on digital transformation and customer experience enhancements in the forthcoming period.

La-Z-Boy’s Q4 Results Soar Beyond Predictions

La-Z-Boy’s Impressive Sales Growth

Despite the prevailing economic conditions, La-Z-Boy Inc. showcased commendable resilience with Q4 earnings that exceeded expectations. They chalked up a revenue of $519.5 million, showing a significant upturn compared to $367.3 million in the same period the previous year.

Online Sales Boost Results

Notable among the many contributing factors to the La-Z-Boy’s Q4 success was the substantial rise in its online business, a clear indication of the company’s digital prowess and adaptability in changing scenarios.

Company’s Focus Forward

CEO Kurt Darrow, while lauding the impressive performance, highlighted that the company would not rest on its laurels. The focus now shifts to enhancing customer experience and digital transformation, expecting a consistent flow of modest growth in the following quarters. The company’s strategic restructuring and innovation, coupled with supply chain improvements, have clearly set the stage for promising future performances.

originial article https://www.furnituretoday.com/?p=318042

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