La-Z-Boy looks to speed up after supply chain volatility, heavy weather — Panjiva
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La-Z-Boy looks to speed up after supply chain volatility, heavy weather

Business Sentiment 220 China 3048 Cons. Discr. - Durables 574 Cons. Discr. - Retailing 517 Quote Watch 452 U.S. 5399 Vietnam 412

Furniture maker La-Z-Boy reported FQ4’21 (to Jan. 31) revenues which fell by 1.2% year over year. The firm has struggled with “global supply chain volatility availability and timing of component parts and finished goods shipments” according to CFO Melinda Whittington as well as “more recently, weather challenges” after the winter storms that have beset the southern U.S. The firm is “ramping up production capacity as quickly as possible” in response, CEO Kurt Darrow has stated. The slow rate of expansion can be seen in U.S. seaborne imports linked to the firm which increased by just 3.5% ...

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