04:38 PM EDT, 08/20/2024 (MT Newswires) -- La-Z-Boy ( LZB ) reported fiscal Q1 non-GAAP earnings late Tuesday of $0.62 per diluted share, flat from a year earlier.

Analysts polled by Capital IQ expected EPS of $0.60.

Sales in the quarter ended July 27 rose to $495.5 million from $481.7 million a year earlier.

Analysts surveyed by Capital IQ expected $482.2 million.

The company projects fiscal Q2 sales of $495 million to $515 million. Analysts polled by Capital IQ forecast $518.2 million.

Shares of the company fell over 3% in after-hours activity.

Price: 40.45, Change: -1.42, Percent Change: -3.39