La-Z-Boy warns Q1 sales likely at low end of guidance; acquires 15 independently owned stores across the south

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La-Z-Boy store front at Vaughan Mills in Toronto.

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La-Z-Boy (NYSE:LZB) shares slid in Monday's postmarket session after the company warned that fiscal Q1 sales and adjusted operating margin will land near the low end of its recent guidance range due to a "challenging consumer and macro environment."

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