Filing Flows › La-Z-Boy (LZB) › Q3 FY25
La-Z-Boy (LZB) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 18, 2025
La-Z-Boy (LZB) reported revenue of $522M for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and +0.1% from the quarter before. Operating margin was 6.7%, net earnings $28.9M (5.5% of revenue).
La-Z-Boy, Q3 FY25: revenue $522M (+4% year over year), operating margin 6.7%, net earnings $28.9M, operating cash flow $57.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $522M | +0.1% | +4% |
| Gross profit | $231M | +0.3% | +8% |
| Operating profit | $35.2M | -9% | +8% |
| Net earnings | $28.9M | -3% | +0.9% |
| Operating cash flow | $57.0M | +258% | +18% |
| Free cash flow | $38.2M | — | +4% |
What changed
Revenue was $521.8M in Q3 FY25, up 4% year over year and roughly flat from the previous quarter.
Gross margin was 44.3%, up 1.7 points from a year earlier. Operating profit was $35.2M, a 6.7% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 7% margin then. Operating expenses grew 9% against revenue growth of 4%. Net earnings were $28.4M, down 1% year over year. The effective tax rate was 25.1%.
Operating cash flow was $57.0M (up 18% year over year), 197% of net earnings. Non-cash charges added back $11.4M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $12.3M. Capital expenditures of $18.8M left free cash flow of $38.2M.
Questions
What was La-Z-Boy's revenue in the third quarter fiscal 2025?
La-Z-Boy (LZB) reported revenue of $522M for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and +0.1% from the quarter before.
Was La-Z-Boy profitable in the third quarter fiscal 2025?
Operating profit was $35.2M (6.7% of revenue) and net earnings $28.9M.
Source: La-Z-Boy 10-Q on SEC EDGAR.