La-z-boy incorporated reports solid fourth quarter and full year results; operating cash flow of $158 million for the full year

Fiscal 2024 fourth quarter highlights : consolidated delivered sales of $554 million up 22% versus most recent pre-pandemic fourth quarter (fiscal 2019 fourth quarter) down 1% versus prior year gaap diluted eps of $0.91 non-gaap(1) diluted eps of $0.95 generated $53 million in operating cash flow for the quarter grew company-owned la-z-boy furniture galleries® network by three stores (including two acquired independent la-z-boy furniture galleries® stores) fiscal 2024 highlights : consolidated delivered sales of $2.05 billion gross margin expansion on gaap and non-gaap(1) basis, across all segments gaap diluted eps of $2.83 non-gaap(1) diluted eps of $2.98 generated $158 million in operating cash flow for the year strong balance sheet with $341 million in cash and no external debt opened six company-owned and acquired 11 independent la-z-boy furniture galleries® stores retail (company-owned) stores now represent over half of the total la-z-boy furniture galleries® network for first time in company history returned $85 million to shareholders through share repurchases and dividends increased prior quarterly dividend by 10% to $0.20 in third quarter monroe, mich., june 17, 2024 (globe newswire) -- la-z-boy incorporated (nyse: lzb), a global leader in the manufacture and retail of residential furniture, today reported fourth quarter and full year results for the period ended april 27, 2024.
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