La-Z-Boy reverses loss

Thomas, Larry
February 2008
Furniture/Today;2/25/2008, Vol. 32 Issue 25, p1
Trade Publication
The article reports that furniture firm La-Z-Boy Inc. has realized a profit in its fiscal third quarter to reverse a loss from 2007. However, the company's board of voted to trim its quarterly stock dividend due to continued weakness in the housing and home furnishings market. The company posted a profit of $9.5 million, compared with a net loss of $7.8 million in the 2007 third fiscal quarter.


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