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

Business Sentiment 179 China 2716 Cons. Discr. - Durables 387 Cons. Discr. - Retailing 351 Quote Watch 321 U.S. 4832 Vietnam 308

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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