MONROE, MI - La-Z-Boy Inc. recorded a profit of $11 million on third-quarter sales of $305 million.

Kurt Darrow, president and CEO of La-Z-Boy, said, “Despite the ongoing challenging macroeconomic environment, our delivered sales increased 5.7% for the quarter. Although we are comparing the period to a low-volume quarter last year, we believe the strength of the La-Z-Boy brand, with the inherent quality associated with it, and our mid-price-point focus has served our company well in this environment. We are also encouraged that the consumer appears to be slowly returning to the marketplace.”


Read more. 

Have something to say? Share your thoughts with us in the comments below.