La-Z-Boy (LZB) Q1 Earnings Match Estimates, Revenues Top
LZBLa-Z-Boy(LZB) ZACKS·2024-08-21 23:41

La-Z-Boy Incorporated (LZB) posted decent first-quarter fiscal 2025 (ended Jul 27, 2024) results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same. The top line increased on a year-over-year basis, driven by increased delivered volume in the Wholesale segment. The company is committed to long-term investment despite near-term challenges in the furniture industry. Owing to the industry headwinds, it expects a modest improvement in second-quarter fiscal 2025 sales compared with ...