MONROE — La-Z-Boy Inc. reported a fiscal 2012 second-quarter profit Wednesday of $7.9 million, more than double its earnings for the same period a year earlier.
The Monroe furniture maker’s earnings, which equated to 15 cents a share, compared with $3.9 million, or 7 cents a share, a year ago. Sales for the quarter, which ended Oct. 29, were $307.7 million, up nearly 5 percent from $293 million a year ago.
La-Z-Boy said its earnings were bolstered by improved sales in its upholstery and retail segments. Sales in upholstery increased 7 percent to $241.4 million, and sales at its retail stores rose 34 percent to $52.7 million.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.