La-Z-Boy plummets after downbeat quarterly revenue forecast
18/08/2026 21:32
BUZZ-La-Z-Boy plummets after downbeat quarterly revenue forecast ** Shares of La-Z-Boy LZB.N fall 16% to $34.33 after the bell
** LZB expects Q2 revenue in the range of $500 million to $520 million, below analysts' estimate of $536.8 million — data compiled by LSEG
** Posts revenue of $476 million for Q1, missing estimates of $501.3 million
** Reports Q1 adj. EPS of 43 cents, below estimates of 49 cents
** "As we navigate an uneven consumer environment, we are focused on driving our own near-term momentum while continuing to invest for long-term value creation" - CEO Melinda Whittington
(Reporting by Juby Babu in Mexico City)
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