La-Z-Boy (NYSE:LZB) announced that profit during the fiscal fourth quarter was nearly double that of the same period last year. The furniture company said it earned $19.6 million, or 37 cents per share, versus net income of $10.3 million, or 19 cents per share, in the same period last year. Revenue fell to $327.4 million from $338.9 million while sales in stores open at least a year increased by 10 percent.
Shares are lower in early trading.
Competitors include Ethan Allen Interiors (NYSE:ETH) and Natuzzi (NYSE:NTZ).
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