Company Information

  

Address: ONE LA-Z-BOY DRIVE  
City: MONROE 
State: MI 
Zip Code: 48162 
Telephone: 734-242-1444 

Description of Business

Primary SIC Code: 2510
(As filed with the SEC)  

Edward M. Knabusch and Edwin J. Shoemaker started Floral City Furniture in 1927, and in 1928 the newly formed company introduced its first recliner. In 1941, we were incorporated in the state of Michigan as La-Z-Boy Chair Company, and in 1996 we changed our name to La-Z-Boy Incorporated. Today, our La-Z-Boy brand is the most recognized brand in the furniture industry and we are proud to be celebrating our 90th anniversary this fiscal year. We manufacture, market, import, export, distribute and retail upholstery furniture products. In addition, we import, distribute and retail accessories and casegoods (wood) furniture products. We are the leading global producer of reclining chairs and the second largest manufacturer/distributor of residential furniture in the United States. The La-Z-Boy Furniture Galleries┬« stores retail network is the third largest retailer of single-branded furniture in the United States.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
10/20171.760.12015.31
07/20171.710.11019.77
04/20171.730.11016.13
10/20161.910.10012.25
04/20161.550.10016.69
10/20151.410.10020.25
07/20151.350.08018.81
04/20151.280.08020.48

Key Financial Ratios and Statistics

FYE: 04/29

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.25Total Liab/Total Assets0.34
Net Inc/Total Assets0.10Total Liab/Inv Cap0.43
Net Inc/Inv Cap0.12Total Liab/Comm Equity0.88
Pretax Inc/Net Sales0.09Interest Coverage Ratio122.85
Net Inc/Net Sales0.06Curr Debt/Equity0.00
Cash Flow/Net Sales0.10LTD/Equity0.00
SG&A/NetSales0.31Total Debt/Equity0.00
Asset Utilization   Liquidity  
Net Receivables Turnover10.22Quick Ratio1.72
Inventory Turnover5.21Current Ratio2.60
Inventory Day Sales0.01Net Rec/Curr Assets0.29
Net Sales/Work Cap4.77Inv/Curr Assets0.34
Net Sales/PP&E8.99  

Income Statement (Millions)

  10/28/2017 7/29/2017 4/29/2017 1/28/2017
Total Revenues(Net Sales) 393.21 357.08 412.71 389.99
Cost of Goods Sold 238.25 217.98 244.51 235.26
Selling & Admin Exps 120.68 122.81 125.44 123.24
Operating Income 34.27 16.30 42.76 31.50
Interest Exp 0.16 0.16 0.28 0.56
Pretax Income 33.56 18.23 42.48 33.47
Other Income -0.55 2.09 -0.01 2.53
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 22.90 11.65 28.00 23.29

Balance Sheet (Millions)

Assets 10/28/2017 7/29/2017 4/29/2017 1/28/2017
Cash & Short Term Investments 124.70 125.59 150.86 119.31
Receivables - Total 145.17 134.90 150.85 143.21
Inventories - Total 180.05 178.51 175.11 193.70
Total Current Assets 496.12 488.89 517.42 498.11
Net Property, Plant & Equipment 171.51 171.08 169.13 169.13
Total Assets 881.54 868.52 888.86 864.60
Liabilities        
Accounts Payable 186.68 174.30 198.46 189.85
Debt in Current Liabilities 0.24 0.21 0.22 0.24
Total Current Liabilities 186.92 174.51 198.68 190.09
Long-Term Debt 0.31 0.24 0.30 0.34
Total Liabilities 289.28 277.21 298.94 288.42
Stockholder's Equity        
Minority Interest 12.09 11.68 11.19 10.74
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 47.54 48.27 48.47 48.86
Retained Earnings 279.34 280.25 284.70 272.58
Treasury Stock NA NA NA NA
Total Stockholders' Equity 592.26 591.31 589.92 576.19
Total Liabilities and Stockholders' Equity 881.54 868.52 888.86 864.60

Cash Flow Summary (Millions)

Categories 10/28/2017 7/29/2017 4/29/2017 1/28/2017
Net Cash Provided by Operating Activities 31.72 19.51 54.92 37.15
Net Cash Provided by Investing Activities -8.03 -29.11 -7.23 -23.89
Net Cash Provided by Financing Activities -24.60 -16.52 -16.47 -8.53

Annual Summary Data (Millions)

Year Sales Net Income EPS
04/20131,273.8846.390.85
04/20141,357.3255.061.09
04/20151,425.4070.771.28
04/20161,525.4079.251.55
04/20171,520.0685.921.73
Growth Rates4.5216.6619.44

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/1723140,87186.38




Report Date : 1/15/2018

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