La-z-boy announces temporary closure of us manufacturing facilities effective immediately

Temporary closure of u.s. manufacturing facilities, effective immediately, to be re-evaluated on april 13.la-z-boy - temporary closure of all company-owned la-z-boy furniture galleries stores in process, with 130 of 155 stores currently closed.temporary closure of its regional distribution centers once in-process orders are delivered.la-z-boy - furlough of approximately 6,800 employees, or approximately 70% of its global workforce.salary reduction of 50% for senior management and 25% for salaried employees until further notice.elimination of june quarterly dividend and termination of share repurchase program indefinitely.co has proactively drawn $75 million under its $150 million revolving credit facility.
LZB Ratings Summary
LZB Quant Ranking