La-Z-Boy Incorporated (NYSE:LZB) reported fourth-quarter sales growth of 31.8% year-over-year to $684.57 million, beating the consensus of $664.91 million. The increase is attributable to higher production, pricing and surcharge actions, and an extra week.
Retail segment sales increased by 20% Y/Y to $233 million, and same-store sales increased 16% Y/Y. Joybird sales were up 40% Y/Y to $53 million. Wholesale segment sales increased by 33.6% Y/Y to $512.97 million.
