La-Z-Boy Incorporated (NYSE: LZB): Q2 2020 Earnings Snapshot

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Furniture manufacturer La-Z-Boy Incorporated (NYSE: LZB) reported adjusted earnings attributable to shareholders of $0.52 per share for the second quarter of 2020, vs. $0.54 per share expected.

Net profit, on a reported basis, was $22.59 million or $0.48 per share, compared to $20.01 million or $0.42 per share last year

Consolidated sales increased 2% annually to $447.12 million from $439.33 million a year earlier, vs.$454.39 million expected

Same-store sales for La-Z-Boy Furniture Galleries rose about 3.5%, while same-store sales for the company-owned Retail segment moved up 5%

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