Furniture manufacturer La-Z-Boy Incorporated (NYSE: LZB) reported adjusted earnings attributable to shareholders of $0.52 per share for the second quarter of 2020, vs. $0.54 per share expected.
Net profit, on a reported basis, was $22.59 million or $0.48 per share, compared to $20.01 million or $0.42 per share last year
Consolidated sales increased 2% annually to $447.12 million from $439.33 million a year earlier, vs.$454.39 million expected
Same-store sales for La-Z-Boy Furniture Galleries rose about 3.5%, while same-store sales for the company-owned Retail segment moved up 5%
— Sonos Inc. (NASDAQ: SONO) reported a fourth-quarter 2019 loss of $0.28 per share versus a loss of $0.22 per share expected.
— Revenue grew by 8% to $294.16 million versus $289.05 million expected. The results were driven by Sonos One and Beam.
— The company sold 1,544,612 products, representing 38% growth year-over-year.
— Wireless speaker revenue increased by 25% primarily driven by strong Sonos One sales and the launch of Move. Wireless speaker products sold rose 14% given the strength of One and Move.
— Home theater speaker revenue fell by 25% and products sold dropped by 26% given the launch of Beam in the prior year.
— Looking ahead into the full year 2020, the company now expects revenue in the range of $1.365 billion to $1.4 billion, representing an 8-11% growth driven by the introduction of Move, its IKEA partnership, and other new products.
— The gross margin is expected to be 41.2% to 42.2% for the full year. Excluding one-time tariff-related costs, GAAP gross margin is predicted to be 43.2% to 44.2% for fiscal 2020.
L Brands Inc. (NYSE: LB) reported a wider loss in the third quarter of 2019…
Foot Locker (NYSE: FL) is all set to release its third-quarter numbers on Friday at…
Pinduoduo Inc. (NASDAQ: PDD) reported revenues that matched expectations and a wider-than-expected loss for the…
Shares of Macy’s (NYSE: M) are yet to recover from the multi-year lows seen a…
Be the first to know If the company will miss, meet or beat its target with the most accurate corporate and earnings calendar.
Missed the call, don’t worry! Check out our archived audio library to hear what the management said and the analyst asked.
Catch the nuances in the call, research what the management and analysts feel about the future? Read it all here!
Get 8-K, 10-K, 10-Q SEC filings for the companies you research with keyword search or our filtering options.