{"id":52066,"date":"2023-08-23T14:15:44","date_gmt":"2023-08-23T18:15:44","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/la-z-boy-shares-fall-2-despite-q1-beat\/"},"modified":"2023-08-23T14:15:46","modified_gmt":"2023-08-23T18:15:46","slug":"la-z-boy-shares-fall-2-despite-q1-beat","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52066","title":{"rendered":"\u200bLa-Z-Boy shares fall 2% despite Q1 beat"},"content":{"rendered":"
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\u00a9 Reuters. \u200bLa-Z-Boy shares fall 2% despite Q1 beat<\/span>
\n<\/i>\n<\/div>\n

La-Z-Boy Incorporated (NYSE:)\u00a0shares fell around 2% after-hours despite the company reporting strong EPS for the quarter came in at $0.62, better than the consensus estimate of $0.54.<\/p>\n

Revenue was $482 million (down 20% against a year ago period that benefited from the delivery of pandemic-related backlog), beating the consensus estimate of $476.2M. Written same-store sales for the Retail segment grew 2% mainly driven by strong store execution, including improved conversion and an increase in design sales despite lower consumer traffic.<\/p>\n

“As demonstrated by our positive written same-store sales, the La-Z-Boy brand continues to outperform in a challenging home furnishings environment. These results are reflective of the strength of the La-Z-Boy brand and focus on execution in our stores,\u201d said CEO Melinda Whittington.<\/p>\n

For Q2\/24, the company expects revenue in the range of $490-$510M and operating margin in the range of 6.5%-7.5%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. \u200bLa-Z-Boy shares fall 2% despite Q1 beat La-Z-Boy Incorporated (NYSE:)\u00a0shares fell around 2% after-hours despite the company reporting strong EPS for the quarter came in at $0.62, better than the consensus estimate of $0.54. Revenue was $482 million (down 20% against a year ago period that benefited from the delivery of pandemic-related backlog), […]<\/p>\n","protected":false},"author":1,"featured_media":2360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-52066","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\n\u200bLa-Z-Boy shares fall 2% despite Q1 beat | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. \u200bLa-Z-Boy shares fall 2% despite Q1 beat La-Z-Boy Incorporated (NYSE:)\u00a0shares fell around 2% after-hours despite the company reporting strong\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=52066\" 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