NYSE:LZBConsumer Durables
Is La-Z-Boy (LZB) Undervalued On Soft Earnings And Margin Pressure?
La-Z-Boy (LZB) is in focus after first quarter earnings showed sales of US$475.69 million and a net loss of US$2.29 million, along with softer guidance and pressure on profitability expectations.
Over the past month La-Z-Boy's share price has fallen about 20%, and is down around 13% over 90 days, with the softer first quarter, cautious guidance and comments about margin pressure reinforcing that weaker short term momentum, even though 3 and 5 year total shareholder returns remain...