“• Delivered consolidated sales of $2.1 billion, up 1% versus prior year • Retail segment written sales increased 8% and delivered sales increased 6% – Added 15 newly opened stores and acquired 15 independent La-Z-Boy stores (both the largest annual expansions in company history) • Wholesale segment delivered sales were flat while delivering adjusted (1) operating margin improvement • GAAP operating margin of 6.1% and adjusted (1) operating margin of 7.1% • GAAP diluted EPS of $2.47 and adjusted (1) diluted EPS of $3.04”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended April 25, 2026 results: revenue $570 million, EPS $0.81. Guidance initiated.
“For the quarter, sales totaled $570 million, flat against the prior year comparable period. Operating margin improved to 7.2% for the quarter on a GAAP basis and 9.9% on an adjusted (1) basis. Diluted earnings per share totaled $0.81 on a GAAP basis and $1.26 on an adjusted (1) basis, both including a $0.16 impact from favorable discrete tax items.”
Debt Financings
LA-Z-BOY INC amended credit facility of $200 million with Wells Fargo Bank, National Association maturing July 1, 2030.
“and the other parties thereto (the “Credit Agreement”). The Credit Agreement provides for a revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $200 million, which includes a $50 million letter of credit sub-limit. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its”
James P. Hackett departed as Director at LA-Z-BOY INC.
“On June 18, 2025, James P. Hackett informed La-Z-Boy Incorporated (the “Company”) that he will not be standing for re-election at the Company’s upcoming 2025 Annual Meeting of Shareholders.”
Governance Changes
LA-Z-BOY INC: Amended and restated bylaws modifying procedural mechanics and disclosure requirements for shareholder nominations and proposals (effective 2024-12-10).
“On December 10, 2024, the Board of Directors (the “Board”) of La-Z-Boy Incorporated (the “Company”) adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “Amended and Restated Bylaws”), effective immediately.”
Taylor E. Luebke was elected as Senior Vice President and Chief Financial Officer at LA-Z-BOY INC.
“the Board of Directors of the Company elected Taylor E. Luebke to succeed Mr. Lucian as Senior Vice President and Chief Financial Officer of the Company, effective January 1, 2025.”
Robert G. Lucian departed as Senior Vice President and Chief Financial Officer at LA-Z-BOY INC.
“Robert G. Lucian, Senior Vice President and Chief Financial Officer, informed La-Z-Boy Incorporated (the “Company”) of his planned retirement from the Company at the end of the fiscal year, effective April 26, 2025.”
Matthew Baer was elected as Director at LA-Z-BOY INC.
“On September 16 , 2024, the Board of Directors (the “Board”) of La-Z-Boy Incorporated (the “Company”) elected Matthew Baer to the Board, effective January 1, 2025.”
Earnings Releases
LA-Z-BOY INC reported the fourth quarter of fiscal 2024 results: revenue $505-535 million. Guidance initiated.
“For the fourth quarter of fiscal 2024, we expect delivered sales to be in the range of $505-535 million and Non-GAAP operating margin (1) to be in the range of 7-8%.”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended January 27, 2024 results: revenue $500 million, EPS $0.66.
“La-Z-Boy Incorporated Reports Third Quarter Results La-Z-Boy Reports Fiscal 2024 Third Quarter Results • Consolidated delivered sales of $500 million ◦ Up 5% versus our most recent pre-pandemic third quarter ◦ Down 13% versus year ago period • Results impacted by winter weather events in January • Gross margin expansion on GAAP and Non-GAAP basis, across all segments • GAAP diluted EPS of $0.66 ◦ Non-GAAP diluted EPS of $0.67”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended October 28, 2023 results: revenue $511,435, net income $27,199, EPS $0.63.
“operating margin (1) to be in the range of 7-8%." Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended 10/28/2023 10/29/2022 Change Sales $ 511,435 $ 611,332 (16)% GAAP operating income 33,612 61,883 (46)% Non-GAAP operating income 40,510 61,146 (34)% GAAP operating margin 6.6% 10.1% (350) bps Non-GAAP operating margin 7.9%”
Shareholder Votes
LA-Z-BOY INC shareholders approved Approve, through a non-binding advisory vote, the frequency of future advisory votes to approve the compensation of the Company’s named executive officers at the 2023-08-29 meeting.
“Proposal 4 : Approve, through a non-binding advisory vote, the frequency of future advisory votes to approve the compensation of the Company’s named executive officers. “1 year” as the preferred frequency for future advisory votes to approve the compensation of the Company’s named executive officers was approved as follows: 1 year 2 years 3 years Abstentions 33,812,642 45,701 3,328,496 54,017”
Shareholder Votes
LA-Z-BOY INC shareholders approved Approve, through a non-binding advisory vote, the compensation of the Company’s named executive officers at the 2023-08-29 meeting.
“Proposal 3: Approve, through a non-binding advisory vote, the compensation of the Company’s named executive officers . An advisory resolution approving the compensation of the Company’s named executive officers ("say on pay"), as disclosed in the Company’s proxy statement, was approved as follows: Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 36,019,806 1,143,306 77,744 2,835,162”
Shareholder Votes
LA-Z-BOY INC shareholders approved Ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2023-08-29 meeting.
“Proposal 2: Ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024 was ratified by the following vote: Shares Voted For Shares Voted Against Abstentions 38,935,779 1,091,770 48,469”
Shareholder Votes
LA-Z-BOY INC shareholders approved Election of ten director nominees at the 2023-08-29 meeting.
“Proposal 1: Election of Directors. Each of the ten director nominees shown below was elected to serve an annual term until the 2024 annual meeting of shareholders. Each director will hold office until his or her successor has been elected and qualified or until the director’s earlier resignation or removal. The voting results were as follows: Director Nominee Shares Voted For Shares Voted Withheld Broker Non-Votes Erika L. Alexander 35,909,041 1,331,815 2,835,162 Sarah M. Gallagher 36,715,713 525,143 2,835,162 James P. Hackett 34,086,379 3,154,477 2,835,162 Raza S. Haider 36,962,540 278,316 2,835,162 Janet E. Kerr 36,123,164 1,117,692 2,835,162 Mark S. LaVigne 37,093,026 147,830 2,835,162 Michael T. Lawton 35,946,900 1,293,956 2,835,162 Rebecca L. O’Grady 36,491,753 749,103 2,835,162 Lauren B. Peters 36,683,908 556,948 2,835,162 Melinda D. Whittington 36,643,429 597,427 2,835,162”
Earnings Releases
LA-Z-BOY INC reported second quarter of fiscal 2024 results: revenue $490-$510 million. Guidance initiated.
“we expect fiscal second quarter sales to be in the range of $490-$510 million and operating margin (3) to be in the range of 6.5%-7.5%.”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended July 29, 2023 results: revenue $482 million, EPS $0.63.
“(NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported first quarter results for the period ended July 29, 2023. Sales totaled $482 million, in line with guidance of $470 to $490 million, and a decrease of 20% against a year ago period that benefited from delivery of pandemic related backlog. Company owned Retail”
Raza S. Haider was elected as Director at LA-Z-BOY INC.
“On June 27, 2023, the Board of Directors (the “Board”) of La-Z-Boy Incorporated (the “Company”) elected Raza S. Haider to the Board for a term that will expire at the annual meeting of shareholders in 2023.”
Earnings Releases
LA-Z-BOY INC reported the fiscal year ended April 29, 2023 results: revenue $ 2,349,433, net income 150,664, EPS $ 3.48.
“Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended Year Ended 4/29/2023 4/30/2022 Change 4/29/2023 4/30/2022 Change Sales $ 561,287 $ 684,566 (18)% $ 2,349,433 $ 2,356,811 (0.3)% GAAP operating income 54,073 78,785 (31)% 211,439 206,756 2% Non-GAAP operating income 55,056 64,602 (15)% 223,203 190,573 17% GAAP operating margin 9.6% 11.5% -190 bps 9.0% 8.8% 20 bps Non-GAAP operating margin 9.8% 9.4% 40 bps 9.5% 8.1% 140 bps GAAP net income attributable to La-Z-Boy Incorporated 34,373 57,468 (40)% 150,664 150,017 0.4% Non-GAAP net income attributable to La-Z-Boy Incorporated 43,091 47,209 (9)% 167,080 138,600 21% Diluted weighted average common shares 43,427 43,256 43,240 44,294 GAAP diluted earnings per share $ 0.79 $ 1.33 (41)% $ 3.48 $ 3.39 3% Non-GAAP diluted earnings per share $ 0.99 $ 1.07 (7)% $ 3.86 $ 3.11 24%”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended April 29, 2023 results: revenue $ 561,287, net income 34,373, EPS $ 0.79.
“Key Results: (Unaudited, amounts in thousands, except per share data) Quarter Ended Year Ended 4/29/2023 4/30/2022 Change 4/29/2023 4/30/2022 Change Sales $ 561,287 $ 684,566 (18)% $ 2,349,433 $ 2,356,811 (0.3)% GAAP operating income 54,073 78,785 (31)% 211,439 206,756 2% Non-GAAP operating income 55,056 64,602 (15)% 223,203 190,573 17% GAAP operating margin 9.6% 11.5% -190 bps 9.0% 8.8% 20 bps Non-GAAP operating margin 9.8% 9.4% 40 bps 9.5% 8.1% 140 bps GAAP net income attributable to La-Z-Boy Incorporated 34,373 57,468 (40)% 150,664 150,017 0.4% Non-GAAP net income attributable to La-Z-Boy Incorporated 43,091 47,209 (9)% 167,080 138,600 21% Diluted weighted average common shares 43,427 43,256 43,240 44,294 GAAP diluted earnings per share $ 0.79 $ 1.33 (41)% $ 3.48 $ 3.39 3% Non-GAAP diluted earnings per share $ 0.99 $ 1.07 (7)% $ 3.86 $ 3.11 24%”
Mark S. LaVigne was elected as Director at LA-Z-BOY INC.
“On February 28, 2023, the Board of Directors (the “Board”) of La-Z-Boy Incorporated (the “Company”) elected Mark S. LaVigne to the Board for a term that will expire at the annual meeting of shareholders in 2023.”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended January 28, 2023 results: revenue $572,723, net income $31,726, EPS $0.74.
Otis S. Sawyer departed as Senior Vice President and President, La-Z-Boy Portfolio Brands at LA-Z-BOY INC.
“On December 4, 2022, Otis S. Sawyer, Senior Vice President and President, La-Z-Boy Portfolio Brands, informed La-Z-Boy Incorporated (the “Company”) of his intent to retire from the Company as of June 30, 2023.”
Earnings Releases
LA-Z-BOY INC reported the fiscal quarter ended October 29, 2022 results: revenue $ 611,332, net income 46,077, EPS $ 1.07.
“Key Results: Quarter Ended (Unaudited, amounts in thousands, except per share data) 10/29/2022 10/23/2021 Change Sales $ 611,332 $ 575,889 6% GAAP operating income 61,883 54,113 14% Non-GAAP operating income 61,146 51,595 19% GAAP operating margin 10.1% 9.4% 70 bps Non-GAAP operating margin 10.0% 9.0% 100 bps GAAP net income attributable to La-Z-Boy Incorporated 46,077 39,516 17% Non-GAAP net income attributable to La-Z-Boy Incorporated 45,357 37,896 20% Diluted weighted average common shares 43,182 44,423 GAAP diluted earnings per share $ 1.07 $ 0.89 20% Non-GAAP diluted earnings per share $ 1.05 $ 0.85 24%”
Darrell D. Edwards departed as Senior Vice President and Chief Operating Officer at LA-Z-BOY INC.
“On February 24, 2022, Darrell D. Edwards, Senior Vice President and Chief Operating Officer of La-Z-Boy Incorporated (the “Company”), informed the Company of his intent to retire from the Company as of July 2022.”
Erika L. Alexander was elected as Director at LA-Z-BOY INC.
“On October 25, 2021, the Board of Directors (the “Board”) of La-Z-Boy Incorporated (the “Company”) elected Erika L. Alexander to the Board for a term that will expire at the annual meeting of shareholders in 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.