La-Z-Boy CEO Melinda Whittington said the furniture retailer was "evaluating all alternatives" to deal with its ...

The Monroe, Mich., furniture maker said sales for its Joybird brand fell 14%, while same-store sales fell 4%.

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La-Z-Boy earnings slumped on reduced foot traffic in its stores and weakness in its Joybird brand.

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Joybird delivered sales were $28 million, down 20% versus the prior year quarter. Diluted earnings per share totaled $0.44 on a GAAP basis and $0.47 on an adjusted basis.

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The company added two stores and announced a 15-store acquisition in the Southeast that is expected to close in late October. La-Z-Boy also generated $36 million in operating cash flow during the ...

For the quarter, sales totaled $492 million, down 1% against the prior year comparable period, reflecting growth in Retail and Wholesale segments, offset by a decline in Joybird sales.