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La-Z-Boy Incorporated

La-Z-Boy Incorporated

NYSE•LZB
CEO: Ms. Melinda D. Whittington
Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Listing Date: 1973-02-21
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. It also licenses La-Z-Boy brand name on various products; and operates Joybird, an e-commerce retailer and manufacturer of upholstered furniture. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.
Contact Information
One La-Z-Boy Drive, Monroe, MI, 48162-5138, United States
734-242-1444
www.la-z-boy.com
Market Cap
$1.56B
P/E (TTM)
17.3
21.2
Dividend Yield
2.4%
52W High
$48.31
52W Low
$29.03
52W Range
46%
Rank35Top 21.9%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$522.48M+0.28%
4-Quarter Trend

EPS

$0.70-2.78%
4-Quarter Trend

FCF

$29.57M-2535.42%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Wholesale Sales Growth Wholesale external sales reached $518.9M (Six Months), up 1.1% driven by strategic pricing and surcharge actions.
Strong Operating Cash Flow Net cash provided by operating activities was $86.3M (Six Months), an increase of $18.1M compared to prior year.
Retail Margin Compression Retail operating margin fell to 8.6% (Six Months), decreasing 290 basis points due to fixed cost deleverage.
Improved Cash Position Cash and equivalents totaled $338.5M as of October 25, 2025, slightly improving liquidity from period start.

Risk Factors

Consolidated Margin Decline Operating margin decreased 130 basis points to 5.7% (Six Months) due to higher supply chain and overhead costs.
Retail Demand Slowdown Retail written same-store sales decreased 2% due to lower delivered volume amid challenging macroeconomic environment.
Wholesale Gross Margin Wholesale gross margin decreased 40 basis points (Six Months) from increased distribution costs and manufacturing overhead.

Outlook

Century Vision Strategy Execution Executing strategy focused on La-Z-Boy brand reach expansion and fueling profitable growth for the Joybird brand.
Capital Spending Forecast Full year fiscal 2026 capital expenditures are expected to be in the range of $90M to $100M for transformation.
Recent Retail Acquisition Acquired 15 stores and four distribution centers; expecting to integrate results starting in the third quarter fiscal 2026.
Credit Facility Extended Amended Credit Facility maturity extended to July 1, 2030, supporting liquidity for growth plans and operations.

Peer Comparison

Revenue (TTM)

Arcos Dorados Holdings Inc.ARCO
$4.56B
+1.2%
Leggett & Platt, IncorporatedLEG
$4.17B
-6.1%
MillerKnoll, Inc.MLKN
$3.75B
+4.3%

Gross Margin (Latest Quarter)

Canada Goose Holdings Inc.GOOS
62.4%
+1.1pp
Ethan Allen Interiors Inc.ETD
61.4%
+0.5pp
La-Z-Boy IncorporatedLZB
44.2%
-0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TILE$1.65B14.620.6%29.3%
ARHS$1.65B22.419.9%41.5%
LZB$1.56B17.38.8%25.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.0%
Moderate Growth
4Q Net Income CAGR
0.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:$0.59
|
Revenue:$535.47M
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Oct 25, 2025|Filed: Nov 18, 2025|
    Revenue: $522.48M+0.3%
    |
    EPS: $0.70-2.8%
    Beat
  • Form 10-Q - Q1 2026

    Period End: Jul 26, 2025|Filed: Aug 19, 2025|
    Revenue: $492.23M-0.7%
    |
    EPS: $0.44-29.0%
    Miss
  • Form 10-K - FY 2025

    Period End: Apr 26, 2025|Filed: Jun 17, 2025|
    Revenue: $2.11B+3.0%
    |
    EPS: $2.39-16.4%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Jan 25, 2025|Filed: Feb 18, 2025|
    Revenue: $521.78M+4.3%
    |
    EPS: $0.69+3.0%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Oct 26, 2024|Filed: Nov 19, 2024|
    Revenue: $521.03M+1.9%
    |
    EPS: $0.72+14.3%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Jul 27, 2024|Filed: Aug 20, 2024|
    Revenue: $495.53M+2.9%
    |
    EPS: $0.62-3.1%
    Meet
  • Form 10-K - FY 2024

    Period End: Apr 27, 2024|Filed: Jun 17, 2024|
    Revenue: $2.05B-12.9%
    |
    EPS: $2.86-18.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Jan 27, 2024|Filed: Feb 20, 2024|
    Revenue: $500.41M-12.6%
    |
    EPS: $0.67-9.5%
    Miss