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%.

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