La-Z-Boy gains on higher Q1 sales, profit
24/08/2022 12:40
** Shares of furniture company La-Z-Boy Inc LZB.N rise
6.6% to $30.2 premarket
** LZB reports Q1 sales of $604.1 mln, compared with $524.8
mln a year earlier
** Posts Q1 adjusted profit per share of 91 cents, compared
with 55 cents a year earlier
** CEO Melinda D. Whittington says company has increased
marketing spend to pre-pandemic levels
** Up to last close, stock had fallen ~22% YTD
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))