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Stock impact report

La-Z-Boy Inc (LZB) Aims for Double-Digit Margins Amid Shift to Retail Sales [Yahoo! Finance]

La-Z-Boy Incorporated (LZB) 
Last la-z-boy incorporated earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: lazboy.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Whittington presented at the 47th Annual Raymond James Institutional Investor Conference on March 2. The team used the platform to highlight the company's strategic shifts, growth opportunities, and industry challenges. La-Z-Boy Inc (LZB) Aims for Double-Digit Margins Amid Shift to Retail Sales RomanR/Shutterstock.com On strategy, the team outlined La-Z-Boy's shift toward a consumer-first business model. As part of this shift, the company plans to expand its retail network to 450 stores across the US and Canada. La-Z-Boy last reported having a retail network of 375 stores, including 16 new locations opened in the past year. The company also acquired 15 retail locations in the Southeast region. La-Z-Boy says new stores break even in their first year and start contributing to earnings in the third year. Notably, the shift to the consumer-first strategy comes as La-Z-Boy makes more of its sales through the direct-to-consumer (DTC) channels. The company says DTC sales now make up Show less Read more
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