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Stock impact report

Q3 Earnings Highlights: Somnigroup (NYSE:SGI) Vs The Rest Of The Home Furnishings Stocks [Yahoo! Finance]

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: 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 Q3. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 0.8% above. Thankfully, share prices of the companies have been resilient as they are up 7.4% on average since the latest earnings results. Established through the merger of Tempur-Pedic and Sealy in 2012, Somnigroup (NYSE:SGI) is a bedding manufacturer known for its innovative memory foam mattresses and sleep products Somnigroup re Show less Read more
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