La-Z-Boy Sees Q1 Revenue $470M-$490M Vs $522.45M Est. And Operating Margin To Be In The Range Of 6.5% To 7.5%
Portfolio Pulse from Happy Mohamed
La-Z-Boy expects Q1 revenue to be between $470M-$490M, lower than the estimated $522.45M, and operating margin in the range of 6.5% to 7.5%. The company anticipates growth ahead of the industry in fiscal 2024, with stronger performance in the second half of the year.
June 20, 2023 | 8:18 pm
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NEGATIVE IMPACT
La-Z-Boy's Q1 revenue projection is lower than expected, with an operating margin of 6.5%-7.5%. The company expects growth in fiscal 2024, particularly in the second half.
La-Z-Boy's lower-than-expected Q1 revenue and operating margin may negatively impact its stock price in the short term. However, the company's growth outlook for fiscal 2024 could provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100