La-Z-Boy CFO Bob Lucian Says We Expect Delivered Sales To Be In The Range Of $505M-$535M And Non-GAAP Operating Margin To Be In The Range Of 7-8%" (Q4 Revenue Estimate $544.39M)

Author: Benzinga Newsdesk | February 20, 2024 05:18pm

Fourth Quarter Outlook:

Bob Lucian, Chief Financial Officer of La-Z-Boy Incorporated, said, "Our third quarter results were largely on track with our sales guidance and Non-GAAP operating margin(2) expectations excluding unexpected weather events in January. While production and deliveries have returned to normal at the start of our fourth quarter, we are planning prudently for the near term, while investing and building for the long term. For the fourth quarter of fiscal 2024, we expect delivered sales to be in the range of $505-535 million and Non-GAAP operating margin(1) to be in the range of 7-8%."

Posted In: LZB