La-Z-Boy Plunges 24.57% on Earnings Miss

On August 20, 2025, La-Z-Boy's stock experienced a significant drop of 24.57% in pre-market trading, reflecting a notable decline in investor sentiment.

La-Z-Boy's stock price plummeted in after-hours trading following the release of its fiscal Q1 earnings report. The company reported adjusted earnings of $0.47 per diluted share, a decrease from $0.62 a year earlier. This earnings miss, coupled with softer guidance, contributed to the stock's decline. Analysts had anticipated better performance, and the disappointing results led to a sell-off among investors.

The company's earnings report indicated a decline in revenue, which further dampened investor confidence. The combination of lower-than-expected earnings and revenue, along with cautious guidance for the future, has raised concerns about the company's financial health and growth prospects. Investors are now closely monitoring La-Z-Boy's performance and awaiting further updates on its strategic initiatives to address these challenges.