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La-Z-Boy Incorporated, a company founded in Monroe, Michigan, in 1927, is a leading entity in the furniture sector. Originally known as La-Z-Boy Chair Company, it adopted its current name in 1996. The corporation is engaged in the full spectrum of furniture operations, including the manufacturing, marketing, importing, exporting, distribution, and retail sales of upholstered furniture, casegoods, and accompanying accessories. Its market presence extends across the United States, Canada, and various international regions. The company's business model is structured into three main segments…
La-Z-Boy Incorporated (LZB) Q1 2027 Earnings Call Transcript
La-Z-Boy NYSE: LZB reported mixed fiscal 2027 first-quarter results as growth in its company-owned retail business was offset by weaker wholesale volume and continued volatility at its Joybird unit.
La-Z-Boy put out a disappointing Q1 that included declining sales, an earnings loss, and weaker-than-expected forward guidance. Perhaps not surprisingly, shares sold off following the late-day release. Down nearly 20% following the release, I do not view the pullback as an opportunity.
Stock markets are waited on minutes of the Fed's most recent monetary policy meeting for any clues about the forward path on interest rates.
La-Z-Boy (LZB) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.47 per share a year ago.