Shares fall after revenue forecast misses estimates
Shares of La-Z-Boy LZB.N fall 16% to $34.33 after the bell
LZB expects Q2 revenue in the range of $500 million to $520 million, below analysts' estimate of $536.8 million — data compiled by LSEG
Posts revenue of $476 million for Q1, missing estimates of $501.3 million
Reports Q1 adj. EPS of 43 cents, below estimates of 49 cents
"As we navigate an uneven consumer environment, we are focused on driving our own near-term momentum while continuing to invest for long-term value creation" - CEO Melinda Whittington
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