La-z-boy Stock News

La-Z-Boy (LZB) delivered earnings and revenue surprises of -29.35% and 1.40%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

La-Z-Boy Incorporated (NYSE:LZB) shares are trading lower by …

Shares of La-Z-Boy Inc. dropped more than 8% in the extended session Tuesday after the furniture maker reported mixed fiscal third-quarter results and detailed multiple COVID-19 snags that hindered production amid ongoing high demand for its furniture items, which include its well-known recliners. La-Z-Boy said it earned $28.5 million, or 65 cents a share, in the quarter, compared with $29.2 million, or 63 cents a share, in the year-ago quarter. Sales rose to $572 million from $470 million a year ago. Analysts polled by FactSet expected fiscal third-quarter earnings of 89 cents a share on sales of $570 million. "Demand continues unabated across the La-Z-Boy enterprise and remains well above pre-pandemic levels," Chief Executive Melinda D. Whittington said in a statement. The quarter, however, "was marked by greater-than-expected supply-chain volatility, which had significant near-term impact on the efficiency of our manufacturing capacity ramp plans, dampening delivered sales growth and profit margins." The company also faced shortages of component parts, "record levels" of COVID-related employee absences in January, and the "challenge" of hiring and training new employees at its plants.

La-Z-Boy press release (LZB): Q3 GAAP EPS of $0.65 misses by $0.24.Revenue of $571.58M (+21.6% Y/Y) beats by $1.16M.

Demand Trends Remain Strong Demand Trends Remain Strong

Shares of La-Z-Boy Inc. LZB, +2.71% dropped more than 8% in the extended session Tuesday after the furniture maker reported mixed fiscal third-quarter results and detailed multiple COVID-19 snags that

La-Z-Boy (NYSE:LZB) is scheduled to announce Q3 earnings results on Tuesday, February 15th, after market close.The consensus EPS Estimate is $0.89 (+20.3% Y/Y) and the consensus…

La-Z-Boy (LZB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Legget & Platt (LEG) delivered earnings and revenue surprises of 5.48% and 3.42%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

MONROE, Mich., Feb. 03, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2022 third-quarter results after the close of trading on the New York Stock Exchange on Tues

MONROE, Mich., Feb. 03, 2022 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2022 third-quarter results after the close of trading on the New York Stock Exchange on Tuesda

WillScot Mobile Mini Holdings Corp., La-Z-Boy Inc. and American Woodmark Corp. are highlighted in this Industry Outlook article.

Although rising inflation and supply-chain disruptions pose risks, positive momentum in the housing market along with a focus on digitization and product innovation raise hopes for WSC, LZB, and AMWD.

Although rising inflation and supply-chain disruptions pose risks, positive momentum in the housing market along with a focus on digitization and product innovation raise hopes for WSC, LZB, and AMWD.

La-Z-Boy (LZB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the roa