Tag Archives: Kurt Darrow

La-Z-Boy Net Climbs 36.4 Percent in Q1

La-Z-Boy

MONROE, Mich.-Thanks to upward moves in both sales and margins, La-Z-Boy posted a 36.5 percent increase in net income, to $13.1 million, in its fiscal first quarter ending on July 26. Net sales gained 7 percent to $327 million, fueled by sales increases in both its wholesale and retail segments. In the wholesale segment, salesMore »

La-Z-Boy to Sell Bauhaus USA to Investors

La-Z-Boy

MONROE, Mich.-La-Z-Boy has signed an agreement to sell Bauhaus USA, an operating company within its upholstery segment, to an investor group led by Britt Allred, Bauhaus’ president. Terms of the transaction were not disclosed. The deal is expected to close in the 2014 fiscal fourth quarter. Based in Saltillo, Miss., Bauhaus offers contemporary sofas, sectionalsMore »

La-Z-Boy Net Jumps 153 Percent in Q2

La-Z-Boy

MONROE, Mich.-With sales and operating margins from its two segments making significant gains, La-Z-Boy posted net income of $16.7 million in its second quarter, up 153 percent from the second quarter of last year. Total company net sales climbed 13.7 percent to $366.4 million in the quarter, which ended on Oct. 26. This included aMore »

La-Z-Boy Net More Than Doubles in Q1

La-Z-Boy

MONROE, Mich.-With positive numbers flowing in terms of both sales and margins, La-Z-Boy delivered a 118.1 percent increase in net income in its first fiscal quarter, to $9.6 million. Net sales gained 5.8 percent, totaling $318.9 million, in the quarter which ended on July 27. This included gains of 7 percent in sales in theMore »