La-Z-Boy Stock Tumbles as Joybird Sales Drag Results
1. La-Z-Boy earnings fell 24% in Q1, missing analyst expectations. 2. Same-store sales decreased 4% year-over-year, impacted by consumer challenges. 3. Joybird brand sales declined 14%, reflecting reduced demand. 4. Company forecasts Q2 revenue between $510 million and $530 million. 5. Shares dropped 13%, hitting a new year-low post-earnings report.