La-Z-Boy (LZB) Shares Surge 11% on Q4 Beat and Better Than Expected Guidance

La-Z-Boy (NYSE: LZB) shares rose more than 11% after-hours following the company’s reported Q4 results, with EPS of $1.07 coming in better than the consensus estimate of $0.92. Revenue grew 32% year-over-year (or 22% adjusting for the 53rd week in fiscal 2022) to $685 million, beating the consensus estimate of $664.91 million.

The company expects Q1 revenue to be in the range of $560-$575 million, compared to the consensus estimate of $554.2 million.

By Davit Kirakosyan

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