2012 Profit Triples for La-Z-Boy

June 19, 2012  by in UnCategorized   

By Aggregated Content in Case Goods on June 20, 2012 from http://www.toledoblade.com/Retail/2012/06/20/2012-profit-at-La-Z-Boy-triples-to-88-million.html

Spurred by a 3.8 percent increase in sales, the benefit of an extra week in its fiscal year, and a 9 percent increase in sales at its company-owned furniture stores, Michigan furniture maker La-Z-Boy Inc. said its 2012 fiscal year profit more than tripled to $88 million.

The profit equalled $1.64 a share and was a 266 percent increase over fiscal 2011, when the company had a profit of $24 million, or 45 cents a share. La-Z-Boy, famed for its line of recliner chairs, had sales

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