La-Z-Boy reported adjusted earnings of $0.43 per share for the first quarter, missing analyst expectations by $0.06, while revenue totaled $476 million, below the consensus estimate of $495.45 million.
المteknikker'n justert EPS krashdede, selvom aksjen var opp 11,43% de siste tre månedene. Over de siste 12 månedene er aksjen opp 4,42%, og på tirsdag stengte den ved 40,84 dollar.
La-Z-Boy’s 3.9% decline in revenue reflected softer demand in its core upholstery segment, which has faced pressure from higher interest rates and cautious consumer spending. The company’s outlook for the second quarter calls for revenue between $500 million and $520 million, well below the $536.80 million consensus estimate.
Analists have revised La-Z-Boy's earnings estimates downward in recent months, with no positive revisions recorded over the past 90 days and two negative adjustments. Despite the shortfall, InvestingPro assigned the company a financial health score characterized as "good performance."
