05:00 AM EDT, 08/20/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

La-Z-Boy ( LZB ) shares were down nearly 25% in recent premarket activity Wednesday as the company issued a downbeat fiscal Q2 sales outlook after its fiscal Q1 earnings fell short of market expectations.

The company reported fiscal Q1 adjusted earnings late Tuesday of $0.47 per diluted share, down from $0.62 a year earlier.

Three analysts polled by FactSet expected $0.53.

Sales for the quarter ended July 26 were $492.2 million, down from $495.5 million a year earlier.

Three analysts expected $490.6 million in a FactSet survey.

The company guided for fiscal Q2 revenue of $510 million to $530 million. Three analysts surveyed by FactSet expect $532.2 million.