La-Z-Boy actively dealing with logistics, cost challenges

China 2871 Cons. Discr. - Durables 447 Earnings 647 Quote Watch 417 U.S. 5149 Vietnam 335

La-Z-Boy reported FQ4’21 (to April 24) results with revenues that expanded by 41.4% year over year, beating estimates by 4.2 percentage points. U.S. seaborne imports linked to the firm surged 71.0% higher year over year in the three months to April 30 and by 44.3% versus the same period of 2019. The firm has delivered growth by both expanding production and “navigating a multitude of challenges, including multiple supply chain disruptions, raw material price increases and macroeconomic uncertainty” according to CEO Melinda Whittington. La-Z-Boy faces further supply chain challenges, incl...

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