earnings
confidence high
sentiment negative
materiality 0.75
La-Z-Boy Q1 GAAP EPS $0.44, down 28% YoY; sales $492M, down 1%
LA-Z-BOY INC
2026-Q1 EPS reported
$0.44
revenue$492,229,000
- GAAP diluted EPS $0.44 vs $0.61; adjusted EPS $0.47 vs $0.62; sales $492M, down 1% YoY.
- Retail written sales +5% but written same-store sales -4%; delivered sales +2% to $207M.
- Wholesale sales +1% to $353M; adjusted operating margin 7.5% vs 6.9% last year.
- Announced acquisition of 15-store network in Southeast, expected to close late October.
- Q2 outlook: sales $510-530M, adjusted operating margin 4.5-6.0%.