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La-Z-Boy Inc. reported fiscal first-quarter revenue of $492.2 million, roughly in line with Wall Street estimates but 1 percent lower than a year ago, while adjusted earnings per share fell 24 percent to $0.47, missing forecasts of $0.53. Same-store sales slipped 4 percent even as written sales rose 5 percent, and the retailer’s adjusted operating margin narrowed to 6.3 percent amid what management called uneven consumer demand. The Monroe, Michigan-based furniture maker projected fiscal second-quarter revenue of $510 million to $530 million—below the $532.2 million consensus—and said margins could drop to 5 percent, compared with analysts’ 7.2 percent view. The cautious outlook sent La-Z-Boy shares down as much as 25 percent in pre-market trade; the stock was still off roughly 13 percent by mid-afternoon, its steepest single-day decline since 2022. Container carrier ZIM Integrated Shipping Services reported second-quarter revenue of $1.64 billion, missing expectations and declining 15 percent from a year earlier, while earnings per share plunged to $0.19 from $3.08. Net income shrank to $24 million, yet the Haifa-based company lifted the lower end of its full-year adjusted EBITDA guidance to $1.8 billion–$2.2 billion and narrowed its adjusted EBIT range to $550 million–$950 million. ZIM declared a $0.06 dividend. Despite the guidance increase, ZIM’s shares fell about 9 percent in early New York trading and remained volatile, swinging between $14 and $15 on heavy volume as investors weighed the profit shortfall against improved full-year expectations.
