La-Z-Boy Incorporated (LZB) reported better than expected fourth-quarter fiscal 2024 (ended Apr 27, 2024) results, with earnings and sales surpassing the Zacks Consensus Estimate. The metrics declined on a year-over-year basis due to reduced spending on furniture and home furnishings, with overall store visits declining. Housing market activity slowed due to higher interest rates. LZB reported its strongest execution to date, with record-high conversion rates and increasing average sales per customer. The c ...