La-Z-Boy Stock Faces Headwinds but Remains a Hold
LZBLa-Z-Boy(LZB) MarketBeat·2024-08-26 20:22

La-Z-Boy Inc. NYSE: LZB stock dropped 7% after the home furnishings retailer reported earnings on August 20. The report itself was fine with revenue and earnings beating analysts’ expectations and revenue coming in higher year-over-year (YOY). The company also noted that its Wholesale segment was the key reason the company posted growth in delivered sales for the quarter. This is part of the company’s Century Vision channel expansion strategy that has goals of growing revenue at 2x the industry average and ...