La-Z-Boy climbs on better-than-expected Q4 revenue forecast
21/02/2023 22:30
** Shares of furniture company La-Z-Boy Inc LZB.N up ~4%
at $28.50 in extended trading
** Co expects delivered sales for Q4 to be in the range of
$525 million to $545 million; analysts' expect revenue of $526.8
million - Refinitiv
** LZB also beats Q3 estimates for revenue, profit
** "We again delivered excellent results driven by
productivity gains throughout our supply chain and superb
performance in our company-owned Retail segment" - CEO Melinda
D. Whittington
** Up to Tuesday's close, stock had fallen ~5% in the past
12 months
(Reporting by Granth Vanaik in Bengaluru)
((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth))