La-Z-Boy Beats Expectations in Q3

La-Z-Boys Q3 earnings beat Wall Street expectations, with revenue of $522.5M and non-GAAP profit of $0.71 per share. The company projects Q4 sales of $535M, indicating a positive outlook. CEO Melinda Whittington expressed satisfaction with modest sales growth and profit margins, highlighting investments in retail expansion and distribution projects. La-Z-Boy recently acquired a fifteen-store network in the southeastern US, further solidifying their market presence. The stock traded up by 5.7% following the announcement, reflecting investor confidence in the companys performance and future plans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.