La-Z-Boy Inc (NYSE:LZB) reported financial results for the first quarter of fiscal 2025 Tuesday after the bell. Here’s a rundown of the report.
Q1 Earnings: La-Z-Boy reported first-quarter revenue of $496 million, beating the consensus estimate of $479.77 million, according to Benzinga Pro. The company reported adjusted earnings of 62 cents per share, beating analyst estimates of 60 cents per share.
Consolidated delivered sales were up 3% year-over-year. Wholesale segment sales increased 5%, driven by growth to external customers. Written sales for the Retail segment, represented by company-owned La-Z-Boy Furniture Galleries, increased 4%. Written same-store sales fell ...
