By Kelly Cloonan

La-Z-Boy reported lower profit in the fiscal fourth quarter and said it expects tariff and macroeconomic headwinds to continue weighing on consumers.

The Monroe, Mich., furniture maker on Tuesday posted a profit of $14.9 million, or 36 cents a share, compared with $39.3 million, or 91 cents a share, for the same period a year earlier.

Adjusted earnings per share were 92 cents, a penny below the consensus estimate of analysts polled by FactSet.

Revenue rose 3%, to $570.9 million, above the $557.4 million expected by analysts.

Same-store sales fell 5% as continued weakness in industry traffic was partially offset by higher average ticket and design sales.

Stubbornly high mortgage rates and increased economic volatility hurt consumer sentiment and had an adverse effect on industry trends in the quarter, the company said.

Chief Executive Melinda Whittington said depressed housing fundamentals and growing macroeconomic uncertainty are likely to continue challenging consumers in the near term.

For the current quarter, the company guided for sales of $490 million to $510 million, assuming no significant changes in external factors. Wall Street expects sales of $507.9 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 17, 2025 16:44 ET (20:44 GMT)

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