La-Z-Boy Leverages Data to Revamp Structure with Fivetran Partnership
December 21, 2023
🌥️Trending News
LA-Z-BOY ($NYSE:LZB): La-Z-Boy Incorporated is a publicly-traded furniture company that is renowned for its recliners and other quality furnishings. Recently, the company has partnered up with Fivetran, a cloud-based data integration provider, to explore how data can be used to revamp their infrastructure. By leveraging Fivetran’s data pipeline, La-Z-Boy can access more data sources quickly and efficiently. This allows them to gain insights into their operations and customer preferences that will assist them in making informed decisions. La-Z-Boy will use the data to optimize their operations and inventory management, which will help them lower costs and maximize their profits.
Additionally, the data will be used to gain deeper insights into customer preferences and trends. This will enable La-Z-Boy to customize their product selection and services to meet the changing needs of their customers. By partnering with Fivetran, La-Z-Boy is taking a major step forward in utilizing data to enhance their business. This partnership will enable them to make more informed decisions and provide better services to their customers. It is expected that the results of this venture will be highly beneficial for La-Z-Boy and their stakeholders.
Share Price
On Monday, La-Z-Boy Incorporated (NYSE: LZB) stock opened at $36.1 and closed at $36.6, up 1.2% from the previous day’s closing price of $36.1. The company announced that it has partnered with Fivetran, a data integration specialist, to revamp its data structure. The partnership will enable La-Z-Boy Incorporated to access data in real time and leverage it to make better business decisions. This will provide the company with the ability to gain insights from customer data, sales performance and product trends, as well as information on its suppliers and vendors.
Furthermore, Fivetran’s automated data pipelines will allow La-Z-Boy Incorporated to keep its data up to date and make decisions quickly. The partnership is expected to help the company become more agile and efficient in order to remain competitive in the furniture market. Overall, the Fivetran partnership will help La-Z-Boy Incorporated leverage data to revamp its structure and gain a competitive edge in an ever-evolving industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for La-z-boy Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 2.13k | 120.78 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for La-z-boy Incorporated. More…
| Operations | Investing | Financing |
| 231.09 | -51.29 | -55.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for La-z-boy Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.88k | 906.24 | 22.4 |
Key Ratios Snapshot
Some of the financial key ratios for La-z-boy Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 4.4% | 7.8% |
| FCF Margin | ROE | ROA |
| 8.3% | 10.8% | 5.5% |
Analysis
GoodWhale’s analysis of LA-Z-BOY INCORPORATED‘s financials found a high health score of 9/10 with regard to its cashflows and debt. This indicates it is capable to pay off debt and fund future operations. Our star chart also classified LA-Z-BOY INCORPORATED as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given this information, investors looking for a company with assets, profitability, and moderate growth would find LA-Z-BOY INCORPORATED attractive. However, those seeking a more significant dividend should look elsewhere as LA-Z-BOY INCORPORATED is only weak in that area. More…
Peers
La-Z-Boy Inc is one of the world’s leading furniture manufacturers. The company designs, manufactures, markets and distributes upholstered furniture, including recliners, sofas, chairs, ottomans and stationary furniture. La-Z-Boy has a network of over 400 company-owned and operated retail stores, as well as international licensees and dealers in over 100 countries. Koda Ltd is a publicly traded company on the Tel Aviv Stock Exchange. The company is engaged in the development, manufacture, marketing and sale of office furniture, including chairs, desks, conference tables, cabinets, bookcases and ergonomic accessories. Koda has a network of over 60 retail stores in Israel. Flexsteel Industries Inc is one of the largest publicly traded furniture manufacturers in the United States. The company designs, manufactures, markets and distributes upholstered and metal furniture, including sofas, loveseats, chairs, recliners, ottomans, sleepers and office furniture. Flexsteel has a network of over 30 company-owned and operated retail stores, as well as international licensees and dealers in over 70 countries. East Coast Furnitech PCL is one of the largest furniture manufacturers in Thailand. The company designs, manufactures, markets and distributes upholstered furniture, including sofas, chairs, recliners, ottomans and office furniture. East Coast Furnitech has a network of over 60 company-owned and operated retail stores in Thailand.
– Koda Ltd ($SGX:BJZ)
Koda Ltd. engages in the manufacture and sale of electric vehicles. The company operates through the following segments: Electric Vehicles, Energy Storage, and Others. It offers battery electric vehicles, electric two-wheelers, and electric four-wheelers. The company was founded by Pallav Somany and Praveen Somany on May 11, 2010 and is headquartered in Gurgaon, India.
– Flexsteel Industries Inc ($NASDAQ:FLXS)
Flexsteel Industries, Inc. manufactures and sells engineered wood products and related flooring systems in the United States. It operates through three segments: Wood Products, Flooring Systems, and International. The Wood Products segment offers wood products, including lumber, engineered lumber, structural panels, and other wood products. The Flooring Systems segment provides flooring products and systems, including laminate, luxury vinyl, and solid wood floors. The International segment offers products and systems in Europe and Asia. Flexsteel Industries, Inc. was founded in 1896 and is headquartered in Dubuque, Iowa.
– East Coast Furnitech PCL ($SET:ECF)
East Coast Furnitech Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of office furniture. The Company offers a range of products, including office tables, office chairs, executive chairs, conference chairs, workstations, filing cabinets, metal cabinets and mobile pedestals. It also provides interior design and space planning services. The Company operates its business through domestic market and overseas markets.
Summary
LA-Z-Boy Incorporated is a leading furniture retailer that recently partnered with Fivetran to revamp its organizational structure with more data-driven insights. Investors may benefit from researching the company’s financials, competitive landscape, and potential growth catalysts. Analyzing LA-Z-Boy’s balance sheet, income statement, and cash flow statements can provide insight into its financial health, while studying the company’s market position can help one understand its competitive advantages. Lastly, investors may want to consider potential growth drivers such as new products, innovative marketing campaigns, and potential acquisitions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
