Sales rise at La-Z-Boy in Q1, with gains in wholesale but declines in retail

MONROE, Mich. — La-Z-Boy reported $496 million in first quarter sales, a 3% increase over last year but a $58 million drop from last quarter. Net income was $26.2 million, compared with $27.5 million last year.

The company was proud of its performance, particularly in wholesale.

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