La-Z-Boy (NYSE: LZB ) reported earnings on June 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 27 (Q4), La-Z-Boy met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share shrank.
Gross margins grew, operating margins grew, net margins dropped.
La-Z-Boy notched revenue of $359.5 million. The five analysts polled by S&P Capital IQ expected a top line of $356.9 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $327.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.30. The five earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. Non-GAAP EPS of $0.30 for Q4 were 67% higher than the prior-year quarter's $0.18 per share. GAAP EPS of $0.33 for Q4 were 8.3% lower than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.8%, 220 basis points better than the prior-year quarter. Operating margin was 7.3%, 210 basis points better than the prior-year quarter. Net margin was 5.1%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $324.0 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $1.43 billion. The average EPS estimate is $1.13.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 120 members out of 266 rating the stock outperform, and 146 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give La-Z-Boy a green thumbs-up, and 40 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on La-Z-Boy is outperform, with an average price target of $22.00.
Looking for alternatives to La-Z-Boy? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add La-Z-Boy to My Watchlist.