Reported 8 months ago
Shares of La-Z-Boy (LZB) are up following a better-than-expected fiscal fourth-quarter earnings report. The furniture company also provided a positive sales forecast for the first quarter of 2025 and announced plans for expansion to meet growing demand. La-Z-Boy expects modest sales growth for the upcoming year and anticipates opening over 10 new furniture stores. The market responded positively to the news, with the stock rising by approximately 18%.
Source: YAHOO