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Article: La-Z-Boy sales down.(La-Z-Boy Inc. La-Z-Boy Business Furniture)
- Article from:
- Furniture-Today
- Article date:
- June 12, 2006
CopyrightCOPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Larry Thomas
Monroe, Mich.- La-Z-Boy said sales slipped 10.1% in its fourth quarter amid inconsistent retail activity. For the year, sales were off 6.4% to $1.92 billion.
The major upholstery maker and operator of company- and dealer-owned dedicated stores reported a net loss of $10.3 million, or 20 cents per share, in the fourth quarter. The figure included a restructuring credit of $1.8 million and a $22.7 million write-down of goodwill at its Bauhaus upholstery unit, whose sales and earnings plummeted due to department store consolidation.
For the 52-week year ended April 29, La-Z-Boy recorded a net loss of $3 million, or 6 cents per ...
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Article: La-Z-Boy posts $9.9M loss.(La-Z-Boy Inc. ...
Furniture-Today;
November 19, 2007 ;
700+ words
... ... Darrow, president and CEO. La-Z-Boy's upholstery segment ... of the previous fiscal year, La-Z-Boy had net income of ... million or 8 cents per share. La-Z-Boy Owns American Drew ... Quarter ended 10/27 2007 2006 Change Sales $365,434,000 $414,614 ...
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