LZB - La-Z-Boy's Accretive Expansion Strategy Is Undervalued
2024-07-07 23:33:47 ET
Summary
- La-Z-Boy sells furniture through retail and wholesale channels, known for its reclining chairs.
- The company has a great expansion strategy, built on accretive store acquisitions from independently-run La-Z-Boy retail store owners.
- The furnishings industry has had major headwinds, which La-Z-Boy has managed to navigate resiliently.
- The stock valuation undermines La-Z-Boy's growth strategy's potential.
La-Z-Boy Incorporated ( LZB ) sells furniture through its own and independently operated retail store network and through wholesale channels, best known for the company’s reclining chairs. The company has a solid financial profile and strategy, and while industry turbulence caused by a weak housing market has pushed the company’s revenues and earnings down, La-Z-Boy continues generating a healthy bottom line....
La-Z-Boy's Accretive Expansion Strategy Is Undervalued