La-Z-Boy (LZB) Q1 Revenue Tops Views

La-Z-Boy (NYSE: LZB) reported Q1 EPS of $0.39, may not compare to the analyst estimate of $0.25. Revenue for the quarter came in at $384.7 million versus the consensus estimate of $368.17 million.

The fiscal 2019 first-quarter results were impacted positively by a $0.03 per share benefit for currency changes and $0.05 per share due to the lower tax rate related to Tax Reform when compared with the prior-year quarter.

Guidance:

Darrow concluded, “We are optimistic about the potential for La-Z-Boy Incorporated over the long term, although concerns relating to potential duties and tariffs that could impact the business persist and we are monitoring that situation closely to determine what changes may be appropriate. At the same time, our brand is the strongest in the industry, we have a world-class supply chain, a vast distribution network, and we now own a leading online furniture brand that is poised for growth and returns. We have the elements in place for the effective execution of our comprehensive dual-growth strategy to deliver long-term value to our shareholders.”

For earnings history and earnings-related data on La-Z-Boy (LZB) click here.

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