Wednesday, June 08, 2005

La-Z-Boy earnings up

La-Z-Boy saw net sales of $2.048 billion in the year that ended April 30, according to a filing with the Securities and Exchange Commission Tuesday. That amount was $96 million or 4.9 percent above the previous year.
Earnings for the year were $37 million or 71 cents per share, the filing said.
Operating margin for the fourth quarter was 5.8 percent, up from a negative 6.6 percent the previous year, according to the filing.
La-Z-Boy employs more than 1,200 at its plant in Neosho.

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