Home Furnishings Stocks Q2 Highlights: La-Z-Boy (NYSE:LZB) [Yahoo! Finance]
La-Z-Boy Incorporated (LZB)
Last la-z-boy incorporated earnings: 2/18 04:15 pm
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US:NYSE Investor Relations:
lazboy.gcs-web.com/investor-overview
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Source: Yahoo! Finance
A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition. The 6 home furnishings stocks we track reported a mixed Q2. As a group, revenues missed analysts' consensus estimates by 1.3% while next quarter's revenue guidance was 3.7% below. Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps (half a percent) in September 2024. Given recent employment data that suggest
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LZB
News
- La-Z-Boy CEO Melinda Whittington: We've been able to outperform despite housing softness [CNBC]CNBC
- La-Z-Boy's Q2 Earnings Surpass Estimates, Sales Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- 'Tighter than sardines in a can': 41% of travelers want to ban reclining seats on planes [USA TODAY]USA TODAY
- La-Z-Boy (LZB) Q2 Earnings and Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
- La-Z-Boy (NYSE:LZB) Beats Q3 Sales Targets, Quarterly Revenue Guidance Slightly Exceeds Expectations [Yahoo! Finance]Yahoo! Finance
LZB
Earnings
- 11/19/24 - Beat
LZB
Sec Filings
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- 10/10/24 - Form 8-K
- LZB's page on the SEC website