La-Z-Boy Incorporated Reports Net Income of $27.9 Million for the Quarter Ended July 29, 2023
Company Revenue Stands at $481.7 Million, Reflecting Quarter-End Financials
By USInMinutes
Published - Aug 23, 2023, 12:10 PM ET
Last Updated - Aug 23, 2023, 12:10 PM EDT
La-Z-Boy Incorporated,(LZB) a renowned furniture manufac turer, has unveiled its consolidated financial results for the quarter ended July 29, 2023. The company's financial performance reveals a net income of $27.9 million for the quarter, accompanied by a revenue figure of $481.7 million.
Quarterly Financial Highlights
Net Income Decline Amidst Revenue Changes
In comparison to the corresponding quarter of the previous year, La-Z-Boy experienced a decline in net income. The net income for the quarter concluded on July 29, 2023, amounted to $27.9 million, showcasing a decrease from $38.9 million reported for the quarter ended July 30, 2022. This change in net income reflects shifts in market dynamics and operational challenges faced by the company.
