Sales for the January quarter are expected to be flat, La-Z-Boy officials said in their quarterly report filed earlier this month with the Securities and Exchange Commission. La-Z-Boy, of course, is a major employer in Neosho.
"Although we continue to make steady progress in our cost structure and believe that we have a solid and relevant business model in place in each of our three segments, we remain concerned about the macro economic environment," the report said.
"We are currently expecting sales for the January quarter to be flat compared to last year’s third quarter, and we anticipate reported earnings for the third quarter to be in the range of $0.13 — $0.17 per diluted share which includes up to $0.01 in after-tax restructuring charges, versus the $0.21 we earned per diluted share from continuing operations in the same quarter of fiscal 2005, which included an after-tax restructuring charge of $0.03 per share."
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