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Investing.com -- La-Z-Boy (NYSE:LZB) stock fell 6% in after-hours trading after the furniture maker warned it expects fiscal first quarter results to come in at the low end of its previously issued guidance range.
The company cited an "increasingly challenging consumer and macro environment" as it now anticipates sales and adjusted operating margin for the quarter ending July 26, 2025, to be around the low end of its prior forecast.
La-Z-Boy had previously guided for first quarter sales between $490 million and $510 million. The company now expects results to be closer to the $490 million mark, reflecting continued pressure on consumer spending for home furnishings.
The downward revision highlights ongoing challenges in the furniture retail sector as consumers remain cautious with discretionary spending amid economic uncertainty. The after-hours decline follows a period of volatility for furniture retailers as they navigate shifting consumer priorities and spending patterns.
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