Residential furniture giant La-Z-Boy reported third-quarter sales of $470.1 million, a 1.2 percent decline over the same period last year. The company’s net income for the quarter fell to $29.2 million from $34.5 million.
The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.
https://jsacs.com/wp-content/uploads/2020/07/LaZboy.jpg500500jsahttps://jsacs.com/wp-content/uploads/2018/03/logo-1.pngjsa2021-03-25 07:32:462021-03-29 07:55:50Furniture sales still down at La-Z-Boy, but recovery is likely