La-Z-Boy (LZB) Misses Q1 EPS by 6c, Misses on Revenue; Offers Weak Q2 Revenue Guidance

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Go back to La-Z-Boy (LZB) Misses Q1 EPS by 6c, Misses on Revenue; Offers Weak Q2 Revenue Guidance

La-Z-Boy Incorporated Reports First Quarter Results; Retail Momentum With Positive Written Same-Store Sales

August 18, 2026 4:15 PM EDT

Fiscal 2027 First Quarter Highlights :

Retail segment written sales increased 16%Written same-store sales grew 3% with increases in design sales, conversion rates, and average ticketRetail delivered sales increased 10%; Retail GAAP and adjusted(1) operating margin improved versus prior yearAdded four company-owned stores including one new and three acquiredSigned agreement to acquire two additional independent La-Z-Boy StoresConcluded production at one of the two announced plant closures for consolidation into our U.S. network$35... More