Analyst: Piero Ferrando
La-Z-Boy Inc. (NYSE:LZB) is the leading global producer of reclining chairs and the second largest manufacturer & distributor of residential furniture in the United States. La-Z-Boy sells its products to furniture retailers, distributors and directly to consumers in the United States, Canada, and approximately 60 other countries.
Thesis
La-Z-Boy is the second largest household furniture manufacturer in the United States. The company’s current growth strategy is to expand its store network, both organically and inorganically, and invest in new innovative product lines. Although the American household furnishings industry is