La-Z-Boy Q1 Earnings: Revenue, EPS Beat Despite 'Depressed' Traffic Trends Across Industry, Shares Slide
Portfolio Pulse from Adam Eckert
La-Z-Boy Inc reported better-than-expected Q1 earnings and revenue, despite industry-wide depressed traffic trends. The company remains optimistic about outperforming the market long-term, but shares fell 3.51% after hours.
August 20, 2024 | 8:53 pm
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La-Z-Boy reported Q1 earnings and revenue that exceeded expectations, but shares fell 3.51% after hours. The company faces industry-wide traffic challenges but remains confident in long-term growth.
Despite beating earnings and revenue estimates, La-Z-Boy's shares fell due to ongoing industry challenges. The company's positive long-term outlook may stabilize the stock, but short-term volatility is expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100