La-Z-Boy Incorporated (LZB) Q4 2024 Earnings Call Transcript
La-Z-Boy Incorporated (NYSE:LZB ) Q4 2024 Earnings Conference Call June 18, 2024 8:30 AM ET Company Participants Melinda Whittington - President, Chief Executive Officer Bob Lucian - Senior Vice President, Chief Financial Officer Mark Becks - Director of IR & Corporate Development Conference Call Participants Brad Thomas - KeyBanc Capital Market Bobby Griffin - Raymond James Operator Good morning, everyone. Welcome to the La-Z-Boy Fiscal 2024 Fourth Quarter Conference Call.
La-Z-Boy (LZB) Q4 Earnings and Sales Beat Estimates, Down Y/Y
Reduced spending on furniture and home furnishings, with overall declining store visits, hurts La-Z-Boy's (LZB) fourth-quarter fiscal 2024 results.
La-Z-Boy Stock Jumps on Strong Earnings, Upbeat Outlook—Watch This Price Level
Shares in furniture maker La-Z-Boy (LZB) jumped more than 9% ahead of Tuesday's opening bell after the company eased investors' fears over slowing consumer spending and a sluggish housing market by announcing quarterly results and forward sales guidance that came in above analysts' expectations.
La-Z-Boy (LZB) Q4 Earnings and Revenues Surpass Estimates
La-Z-Boy (LZB) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago.
La-Z-Boy is opening new stores, despite expectations for ‘volatile' furniture demand
Shares of La-Z-Boy Inc. rallied after hours on Monday after the maker of recliners and other furniture reported fourth-quarter results that topped expectations despite a “volatile” furniture industry hit by a largely frozen housing market.
Here's What to Expect From La-Z-Boy (LZB) in Q4 Earnings
Softened demand for home furnishings space is expected to have dented La-Z-Boy's (LZB) fourth-quarter fiscal 2024 performance.
