The Fly

La-Z-Boy sees Q3 revenue $525M-$535M, consensus $560.8M

CFO Bob Lucian said, "As we successfully reduce our backlog to enable pre-pandemic consumer lead times, we expect the second half of our fiscal year to be impacted by continued external headwinds on consumer demand. As a result, we estimate delivered sales for the FY23 third quarter to be in a range of about $525M-$535M, and consolidated non-GAAP operating margin to be in a range of about 7.0%-7.5%."

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