LZB

La-Z-Boy Incorporated (LZB) Q1 2027 Earnings Call Transcript

La-Z-Boy NYSE: LZB reported mixed fiscal 2027 first-quarter results as growth in its company-owned retail business was offset by weaker wholesale volume and continued volatility at its Joybird unit.

La-Z-Boy put out a disappointing Q1 that included declining sales, an earnings loss, and weaker-than-expected forward guidance. Perhaps not surprisingly, shares sold off following the late-day release. Down nearly 20% following the release, I do not view the pullback as an opportunity.

Stock markets are waited on minutes of the Fed's most recent monetary policy meeting for any clues about the forward path on interest rates.

The furniture maker's sales slid 3% to $475.7 million, missing analyst forecasts for a gain to $501 million.

Fiscal 2027 First Quarter Highlights : Retail segment written sales increased 16% Written same-store sales grew 3% with increases in design sales, conversion rates, and average ticket Retail delivered sales increased 10%; Retail GAAP and adjusted (1) operating margin improved versus prior year Added four company-owned stores including one new and three acquired Signed agreement to acquire two additional independent La-Z-Boy Stores Concluded production at one of the two announced plant closures for consolidation into our U.S. network $35 million returned to shareholders through share repurchases and dividends, up 62% versus prior year Delivered consolidated sales of $476 million after divestiture of wholesale casegoods business GAAP diluted EPS of $(0.06) and adjusted (1) diluted EPS of $0.43 MONROE, Mich., Aug. 18, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 25, 2026.

MONROE, Mich., Aug. 4, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, will report its Fiscal 2027 First Quarter results for the period ended July 25, 2026 after the close of trading on the New York Stock Exchange on Tuesday, August 18, 2026, and will hold its quarterly investor conference call at 8:30 a.m.

MONROE, Mich.--(BUSINESS WIRE)--La-Z-Boy Incorporated (NYSE: LZB) a global leader in the retail and manufacture of residential furniture, is bringing a new level of comfort and style to homes everywhere just in time for football season with the launch of The Jer-Z-Boy, a custom recliner made in collaboration with fashion designer and sports culture icon Kristin Juszczyk. Known for transforming beloved jerseys into highly coveted custom fashion pieces worn by athletes, celebrities and fans alike.

Scalable, cutting-edge technology set to deliver 16MM on-demand, photorealistic product images, improving La-Z-Boy's omni-channel shopping and design experiences MONROE, Mich., July 15, 2026 /PRNewswire/ -- Today, La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, announces the expanded use of new 3D Cloud® technology to positively impact La-Z-Boy's omni-channel shopping and design experiences and to streamline internal operations.