shares of lazboy inc climbed 19 to 3266 wednesday building on the previous days afterhours gains after the furniture manufacturer said it sees fiscal fourthquarter sales ahead of prepandemic levels amid a turnaround plan the company said it sees the quarter ending april 30 with sales of 525 million to 545 million that beats analysts expectations of 5279 million for the quarter according to factset lazboys guidance comes as the company implements restructuring measures that include expanding distribution opportunities investing in targeted marketing initiatives and opening new locations by the time lazboys fiscal year ends the company will have added five new stores to its portfolio acquired eight stores from independent dealers and removed or relocated 16 locations chief executive melinda whittington said on a conference call wednesday lazboy also is focusing on controlling its cost base to protect its financial metrics against recessionary trends after ending the third quarter with no debt and 284 million in cash ms whittington said the company closed its torreon mexico manufacturing location in the third quarter ms whittington said with efficiencies gained at our larger mexicobased operations we are now able to shift torreons production to other locations ms whittington added the company didnt detail how many employees lost their jobs as a result of this decision lazboy wasnt immediately available for comment