Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Home Furnishings Stocks Q3 Earnings Review: La-Z-Boy (NYSE:LZB) Shines

LZB Cover Image

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at La-Z-Boy (NYSE: LZB) and its peers.

A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition.

The 6 home furnishings stocks we track reported a mixed Q3. As a group, revenues missed analysts’ consensus estimates by 0.9% while next quarter’s revenue guidance was above.

While some home furnishings stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.8% since the latest earnings results.

Best Q3: La-Z-Boy (NYSE: LZB)

The prized possession of every mancave, La-Z-Boy (NYSE: LZB) is a furniture company specializing in recliners, sofas, and seats.

La-Z-Boy reported revenues of $521 million, up 1.9% year on year. This print exceeded analysts’ expectations by 2.8%. Overall, it was a strong quarter for the company with a solid beat of analysts’ adjusted operating income estimates.

Melinda D. Whittington, President and Chief Executive Officer of La-Z-Boy Incorporated, said, “Our second quarter results demonstrate the continued progress we are making against our strategic pillars and our strong execution throughout the enterprise. ”

La-Z-Boy Total Revenue

La-Z-Boy pulled off the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 10.4% since reporting and currently trades at $46.65.

Is now the time to buy La-Z-Boy? Access our full analysis of the earnings results here, it’s free.

Tempur Sealy (NYSE: TPX)

Established through the merger of Tempur-Pedic and Sealy in 2012, Tempur Sealy (NYSE: TPX) is a bedding manufacturer known for its innovative memory foam mattresses and sleep products

Tempur Sealy reported revenues of $1.3 billion, up 1.8% year on year, outperforming analysts’ expectations by 0.9%. The business performed better than its peers, but it was unfortunately a mixed quarter with a decent beat of analysts’ EPS estimates but full-year EPS guidance slightly missing analysts’ expectations.

Tempur Sealy Total Revenue

The market seems happy with the results as the stock is up 26.7% since reporting. It currently trades at $63.20.

Is now the time to buy Tempur Sealy? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Lovesac (NASDAQ: LOVE)

Known for its oversized, premium beanbags, Lovesac (NASDAQ: LOVE) is a specialty furniture brand selling modular furniture.

Lovesac reported revenues of $149.9 million, down 2.7% year on year, falling short of analysts’ expectations by 3.5%. It was a slower quarter as it posted full-year EBITDA guidance missing analysts’ expectations.

Lovesac delivered the weakest full-year guidance update in the group. The stock is down 32.1% since the results and currently trades at $25.56.

Read our full analysis of Lovesac’s results here.

Mohawk Industries (NYSE: MHK)

Established in 1878, Mohawk Industries (NYSE: MHK) is a leading producer of floor-covering products for both residential and commercial applications.

Mohawk Industries reported revenues of $2.72 billion, down 1.7% year on year. This result met analysts’ expectations. More broadly, it was a slower quarter as it produced EPS guidance for the next quarter, missing analysts’ expectations significantly and organic revenue in line with analysts’ estimates.

The stock is down 20% since reporting and currently trades at $121.51.

Read our full, actionable report on Mohawk Industries here, it’s free.

Purple (NASDAQ: PRPL)

Founded by two brothers, Purple (NASDAQ: PRPL) creates sleep and home comfort products such as mattresses, pillows, and bedding accessories.

Purple reported revenues of $118.6 million, down 15.3% year on year. This number missed analysts’ expectations by 6%. More broadly, it was a mixed quarter as it also logged full-year EBITDA guidance exceeding analysts’ expectations.

Purple delivered the highest full-year guidance raise but had the weakest performance against analyst estimates and weakest performance against analyst estimates among its peers. The stock is up 18.1% since reporting and currently trades at $1.11.

Read our full, actionable report on Purple here, it’s free.


Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.