La-Z-Boy Reports Fiscal 2018 First-Quarter Results
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La-Z-Boy (LZB) Misses Q1 EPS by 5c
August 22, 2017 4:17 PM EDTLa-Z-Boy (NYSE: LZB) reported Q1 EPS of $0.24, $0.05 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $357.1 million versus the consensus estimate of $359.34 million.
Same-store written sales for the La-Z-Boy Furniture Galleries® network increased 0.7%.
Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy, said, After a strong finish to fiscal 2017, we are disappointed with our start to this fiscal year. Although we posted a consolidated sales increase for the quarter, much of it related to acquired sales which did not add volume to our upholstery manufacturing operations... More
