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Stock impact report

La-Z-Boy outlines 7.5%-9% Q4 margin target as retail expansion accelerates [Seeking Alpha]

La-Z-Boy Incorporated (LZB) 
Last la-z-boy incorporated earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: lazboy.gcs-web.com/investor-overview
Company Research Source: Seeking Alpha
Melinda Whittington, President, CEO & Board Chair, reported that "total delivered sales of $542 million, up 4% versus prior year." She highlighted that the Retail segment saw both written and delivered sales rise 11%, and four new company-owned stores were opened Quick Insights Management projects adjusted operating margins to improve by 75 to 100 basis points due to the impact of store openings, portfolio optimization, and cost management initiatives. Management anticipates a continued challenging consumer environment and weather disruptions affecting Q4 sales timing but expects overall demand to remain choppy without major macro changes. La-Z-Boy is monitoring Joybird closely, attributing volatility to its younger, urban customer base and macro headwinds, and is taking actions to rightsize for profitable growth. Recommended For You More Trending News Show less Read more
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