18.08.2015 22:35:44

La-Z-Boy Profit Tops Estimates

(RTTNews) - Furniture maker La-Z-Boy Inc (LZB) on Tuesday reported first-quarter net earnings of $13.7 million or $0.27 per share compared with $13 million or $0.25 per share last year.

Revenues for the quarter were up 4.4% at $341.4 million compared with $327 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.21 per share on revenues of $341.2 million for the quarter. Analysts' estimates typically exclude special items.

Same-store written sales for the La-Z-Boy Furniture Galleries store network increased 5.3% in the quarter.

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