La-Z-Boy posts Q2 sales $522M, EPS flat at $0.71; completes 15-store acquisition and raises dividend 10%

LA-Z-BOY INC

2026-Q2 EPS reported $1.14 revenue$1,014,709,000

Q2 sales $522M (+0.3% YoY); GAAP EPS $0.70, adjusted EPS $0.71 (flat YoY).
Retail written sales +4%; same-store sales -2% (sequential improvement); opened 15 stores in 12 months.
Wholesale sales +2% to $369M; operating margin 7.9% GAAP (8.1% adjusted) with 160bps warranty benefit.
Completed 15-store acquisition (est. $80M annual Retail sales); announced exit of non-core casegoods/upholstery and UK plant closure.
Dividend raised 10% to $0.242/share (5th yr double-digit increase); Q3 guidance sales $525-545M, adj. op. margin 5.0-6.5%.

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