La-Z-Boy Earnings Perspective: Return On Invested Capital
Portfolio Pulse from Benzinga Insights
La-Z-Boy (NYSE:LZB) reported Q4 earnings of $34.65 million, a 9.72% increase from Q3, while sales dropped 2.0% to $561.29 million. The company posted a return on invested capital (ROIC) of 4.73%, indicating effective capital allocation.
June 21, 2023 | 2:45 pm
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La-Z-Boy's Q4 earnings increased 9.72% to $34.65 million, with sales dropping 2.0% to $561.29 million. The company's ROIC of 4.73% indicates effective capital allocation.
La-Z-Boy's Q4 earnings increased by 9.72% and the company posted a positive ROIC of 4.73%, which suggests effective capital allocation. This is a positive indicator for the company's future performance and could lead to higher returns and earnings per share growth. However, sales dropped by 2.0%, which might have a negative impact on the stock price. Overall, the positive earnings and ROIC outweigh the sales drop, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100