La Z Boy Inc (LZB)

La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic InitiativesJune 16, 2026 4:15 PM
PR Newswire (US) Fiscal 2026 Fourth Quarter Highlights:Retail segment written sales increased 11% and delivered sales increased 9%; GAAP and adjusted(1) operating margin improved versus prior yearCompany-owned network grew by four stores; 230 company-owned store base now represents 61% of total 378 store networkWholesale segment delivered sales down slightly, while adjusted operating margin improved versus prior yearGAAP operating margin of 7.2% and adjusted(1) operating margin of 9.9%, up 50 bps versus prior yearGAAP diluted EPS of $0.81 and adjusted(1) diluted EPS of $1.26Completed strategic exit of American Drew and Kincaid wholesale casegoods businesses in May (subsequent to quarter end) and finalized U.K. supply chain restructuring in AprilEstablished new share repurchase program authorizing the repurchase of up to $300 million of Company stock, replacing prior programFiscal 2026 Highlights:Delivered consolidated sales of $2.1 billion, up 1% versus prior yearRetail 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 improvementGAAP 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 $3.04Generated $204 million in operating cash flow for the year, up 9% versus prior yearStrong capital deployment with $163 million reinvested back into the business through acquisitions and capital expenditures and $85 million returned to shareholders through share repurchases and dividendsFifth consecutive year of increasing quarterly dividend by 10%MONROE, Mich., June 16, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported fourth quarter results for the period ended April 25, 2026. 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. Fourth quarter total written sales for the Retail segment (company-owned La-Z-Boy stores) increased 11% versus a year ago. Written same-store sales (which exclude the impact of both newly opened stores and newly acquired stores) were down 2%, a sequential improvement, and comparing favorably to the broader industry. During the quarter, same-store sales trends were strongest in April with positive trends continuing through May.Melinda D. Whittington, Board Chair, President and Chief Executive Officer of La-Z-Boy Incorporated, said, "We are pleased with the strong finish to the fiscal year as our fourth quarter margin performance exceeded expectations driven by strong execution across our businesses. We continue to drive our own momentum and are playing offense, led by our Retail business expansion through new stores, acquisition of independent stores, and delighting consumers across our network. This growth has contributed to our solid results and market share expansion against an industry that remains soft. Our company-owned stores now total 230 across North America, an all-time high of 61% of our total network, and are a key pillar of our Century Vision strategy to grow La-Z-Boy brand reach."Whittington added, "We continue to execute well across our Century Vision strategy, and are increasingly focused on our core, vertically integrated North American upholstery business where we have a clear right to win with consumers. Over the last year, we have successfully exited our wholesale casegoods businesses, streamlined our U.K. supply chain, are transforming our entire distribution and home delivery network, and we recently announced streamlining two additional smaller manufacturing plants into our larger U.S. plant network. These actions continue to optimize our enterprise to drive sustainable sales growth and margin expansion even against the current macroeconomic backdrop. As we approach our 100-year anniversary in March 2027, we will continue to drive forward with consumer-led innovation, Retail expansion, and digital transformation to position La-Z-Boy Incorporated for continued success in the next 100 years."First Quarter Outlook:
Taylor Luebke, SVP and Chief Financial Officer of La-Z-Boy Incorporated, said, "During the quarter, we executed well and continued to deliver on near-term expectations, while also investing for the future. While we continue to have a measured view of the external environment, we expect to continue to outperform the industry with first quarter sales in the range of $490-510 million, reflecting organic growth of up to 4% (excluding acquisitions and divestitures), and adjusted operating margin(2) in the range of 4.0-5.5%. Lastly, as a reminder, our first quarter is generally the lowest sales and operating margin quarter in the fiscal year due to seasonally lower industry sales and our annual week long plant shutdown."Key Results:(Unaudited, amounts in thousands, except per share data and
percentages)
Quarter Ended


Year Ended


4/25/2026
4/26/2025
 Change
4/25/2026
4/26/2025
ChangeSales
$  570,338
$  570,871
— %
$ 2,126,635
$ 2,109,207
1 %












GAAP operating income
41,230
29,527
40 %
129,207
135,837
(5) %Adjusted operating income 
56,729
53,611
6 %
150,652
160,826
(6) %












GAAP operating margin
7.2 %
5.2 %
200 bps
6.1 %
6.4 %
(30) bpsAdjusted operating margin
9.9 %
9.4 %
50 bps
7.1 %
7.6 %
(50) bps












GAAP net income attributable to La-Z-Boy Incorporated
33,273
14,931
123 %
101,985
99,556
2 %Adjusted net income attributable to La-Z-Boy Incorporated
51,619
38,392
34 %
125,749
123,745
2 %












Diluted weighted average common shares
40,923
41,942


41,341
42,345














GAAP diluted earnings per share
$      0.81
$      0.36
125 %
$      2.47
$      2.35
5 %Adjusted diluted earnings per share
$      1.26
$      0.92
37 %
$      3.04
$      2.92
4 %Liquidity Measures:

Year Ended


Year Ended(Unaudited, amounts in thousands)
4/25/2026
4/26/2025
(Unaudited, amounts in thousands)
4/25/2026
4/26/2025Free Cash Flow




Cash Returns to Shareholders



Operating cash flow
$   204,106
$   187,271
Share repurchases
$    47,270
$    77,930Capital expenditures
(76,306)
(74,280)
Dividends
37,947
34,955Free cash flow
$   127,800
$   112,991
Cash returns to shareholders
$    85,217
$   112,885
(Unaudited, amounts in thousands)






4/25/2026
4/26/2025Cash and cash equivalents






$   303,213
$   328,449Fiscal 2026 Fourth Quarter Results versus Fiscal 2025 Fourth Quarter:Consolidated sales in the fourth quarter of Fiscal 2026 were flat at $570 million versus last year, as growth in our Retail business was offset by lower delivered volume in our Joybird businessConsolidated GAAP operating margin was 7.2% versus 5.2%Consolidated adjusted(1) operating margin was 9.9% versus 9.4% last year, with the change primarily driven by 100 bps from our casegoods business (due to favorable inventory adjustments and pricing before the divestiture) partially offset by expense deleverage on lower Joybird delivered salesGAAP diluted EPS was $0.81 versus $0.36 in the prior year period, and adjusted(1) diluted EPS of $1.26 versus $0.92 last year in the comparable period, both of which include a $0.16 impact from favorable discrete tax itemsRetail Segment:Sales:Written sales for the Retail segment (company-owned La-Z-Boy stores) increased 11% compared to the year ago period driven by acquired and new storesWritten same-store sales (which exclude the impact of new and acquired stores) decreased 2%, a sequential improvement, as lower traffic was partially offset by higher conversion rates, average ticket, and design sales. During the quarter, same-store sales trends were strongest in April with positive compsDelivered sales increased 9% to $270 million, primarily due to growth from acquired and new storesOperating Margin:GAAP operating margin was 16.7% versus 13.1%Adjusted(1) operating margin was 13.9% versus 13.1%, driven by the positive impact of acquisitionsWholesale Segment:Sales:Sales decreased 2% to $393 million versus last year, driven by modest declines across most of the businessesOperating Margin:GAAP operating margin was 9.4% versus 2.5%Adjusted(1) operating margin was 10.1% versus 8.5%, driven by 150 bps from our casegoods business, primarily due to favorable inventory adjustments and pricing before the divestitureCorporate & Other:Joybird written sales increased 2%, driven by new retail stores and Joybird delivered sales decreased 10% to $32 million on lower delivered volumeCorporate & Other adjusted(1) operating loss increased versus the prior year, primarily due to expense deleverage on lower Joybird delivered sales. On a GAAP basis, we recorded a $20 million goodwill impairment on our Joybird business reflecting near-term impacts of the current macro backdrop, which have disproportionately impacted the Joybird consumerBalance Sheet and Cash Flow, Fiscal 2026:Ended the quarter with $303 million in cash(3) and no external debtGenerated $204 million in cash from operating activities, an increase of 9% versus prior year, including $28 million in the fourth quarterPaid $86 million for acquisitions, primarily related to the 15-store acquisition of the retail business in the Southeast U.S.Invested $76 million in capital expenditures, primarily related to La-Z-Boy stores (new stores and remodels), manufacturing-related investments, and spending related to our distribution and home delivery transformationReturned approximately $85 million to shareholders, including $47 million in share repurchases and $38 million in dividends, which was our fifth consecutive year of 10% increasesShare Repurchase Authorization:In April, reflecting continued confidence in the company's ability to sustainably grow the business, the Board of Directors approved a new share repurchase program of $300 million, replacing the prior programConference Call:
La-Z-Boy will hold a conference call with the investment community on Wednesday, June 17, 2026, at 8:30 a.m. ET. The toll-free dial-in number is (888) 506-0062; international callers may use (973) 528-0011. Enter Participant Access Code: 106726.The call will be webcast live, with corresponding slides, and archived on the internet. It will be available at https://ir.la-z-boy.com/events. A telephone replay will be available for a week following the call. This replay will be accessible to callers from the U.S. and Canada at (877) 481-4010 and to international callers at (919) 882-2331. Enter Replay Passcode: 54076. The webcast replay will be available for one year.About La-Z-Boy:
La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of nearly 380 La-Z-Boy stores, including 230 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 10,000 employees, La-Z-Boy Incorporated was named to TIME's 2026 list of America's Most Iconic Companies and Newsweek's 2025 list of America's Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort.Notes:(1)Adjusted amounts for the fourth quarter of fiscal 2026 exclude:a $20.0 million pre-tax, or $0.49 per diluted share, charge related to the goodwill impairment in our Joybird reporting unit.a $7.6 million pre-tax, or $0.14 per diluted share, gain related to sale-leaseback transactions of four retail locations.a $3.6 million pre-tax, or $0.08 per diluted share, charge related to U.K. supply chain optimization actions with $2.4 million included in operating income and $1.2 million included in non-operating income.a $0.5 million pre-tax, or $0.01 per diluted share, charge related to legal costs in connection with our disposal of a portion of our wholesale casegoods business.a $0.2 million pre-tax, or $0.01 per diluted share, purchase accounting charge related to acquisitions completed in prior periods, all included in operating income.a $0.1 million pre-tax, or less than $0.01 per diluted share, charge related to severance costs associated with our distribution and home delivery transformation.Adjusted amounts for the fourth quarter of fiscal 2025 exclude:a $20.6 million pre-tax, or $0.49 per diluted share, charge related to the goodwill impairment in our United Kingdom ("U.K.") wholesale and manufacturing businesses.a $3.2 million pre-tax, or $0.07 per share, charge related to U.K. supply chain optimization actions.a $0.3 million pre-tax, or less than $0.01 per diluted share, purchase accounting charge related to acquisitions completed in prior periods, all included in operating income.Adjusted amounts for full fiscal 2026 exclude:a $20.0 million pre-tax, or $0.48 per diluted share, charge related to the goodwill impairment in our Joybird reporting unit.a $7.6 million pre-tax, or $0.14 per diluted share, gain related to sale-leaseback transactions of four retail locations.a $7.0 million pre-tax, or $0.17 per diluted share, charge related to U.K. supply chain optimization actions with $5.8 million included in operating income and $1.2 million included in non-operating income.a $2.3 million pre-tax, or $0.04 per diluted share, charge related to accelerated lease expense, severance costs, and costs associated with exiting former distribution centers.a $1.4 million pre-tax, or $0.02 per diluted share, purchase accounting charge related to acquisitions completed in prior periods, all included in operating income.a $0.4 million pre-tax, or less than $0.01 per diluted share, charge related to our disposal of a portion of our wholesale casegoods business.Adjusted amounts for full fiscal 2025 exclude:a $20.6 million pre-tax, or $0.48 per diluted share, charge related to the goodwill impairment in our U.K. wholesale and manufacturing businesses.a $3.2 million pre-tax, or $0.07 per share, charge related to U.K. supply chain optimization actions.a $1.2 million pre-tax, or $0.02 per diluted share, purchase accounting charge related to acquisitions completed in prior periods, all included in operating income.Please refer to the accompanying "Reconciliation of GAAP to Adjusted Financial Measures" and "Reconciliation of GAAP to Adjusted Financial Measures: Segment Information" for detailed information on calculating the adjusted financial measures used in this press release and a reconciliation to the most directly comparable GAAP measure.(2)This reference to adjusted operating margin for a future period is an adjusted financial measure. We have not provided a reconciliation of adjusted operating margin for future periods in this press release because such reconciliation cannot be provided without unreasonable efforts.(3)Cash includes cash and cash equivalents.Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, acquisitions, divestitures, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.The forward-looking statements in this press release are based on certain assumptions and currently available information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control. Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial results. Our actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed in our Fiscal 2026 Annual Report on Form 10-K and other factors identified in our reports filed with the Securities and Exchange Commission (the "SEC"), available on the SEC's website at www.sec.gov. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. We are including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.Adjusted Financial Measures:
In addition to the financial measures prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), this press release also includes adjusted financial measures. Management uses these adjusted financial measures when assessing our ongoing performance. This press release contains references to adjusted operating income (on a consolidated basis and by segment), adjusted operating margin (on a consolidated basis and by segment), and adjusted net income attributable to La-Z-Boy Incorporated per diluted share, adjusted diluted earnings per share (and components thereof, including adjusted income before income taxes and adjusted net income attributable to La-Z-Boy Incorporated), each of which may exclude, as applicable, goodwill impairment charges, sale-leaseback gains, supply chain optimization charges or gains, business realignment charges or gains, purchase accounting charges, and distribution and home delivery transformation charges. Sale-leaseback gains in Fiscal 2026 are the result of the sale of the buildings and related fixed assets of four Retail stores. The supply chain optimization charges in Fiscal 2026 include severance costs, the write-down of inventory and the reclassification of accumulated foreign currency translation, all of which relate to the closure of our U.K. manufacturing operations. The business realignment charges in Fiscal 2026 include a gain on sale of casegoods headquarters building and related fixed assets, the impairment of casegoods inventory held for sale, accelerated lease expense and other one-time minimal costs associated with discontinuing a portion of this business. The purchase accounting charges include the amortization of intangible assets and incremental expense upon the sale of inventory acquired at fair value. The distribution and home delivery transformation charges in Fiscal 2026 include accelerated lease expense, severance costs, and costs associated with exiting former distribution centers.  These adjusted financial measures are not meant to be considered superior to or a substitute for La-Z-Boy Incorporated's results of operations prepared in accordance with GAAP and may not be comparable to similarly titled measures reported by other companies. Reconciliations of such adjusted financial measures to the most directly comparable GAAP financial measures are set forth in the accompanying tables.Management believes that presenting certain adjusted financial measures will help investors understand the long-term profitability trends of our business and compare our profitability to prior and future periods and to our peers. Management excludes purchase accounting charges and goodwill impairment charges because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions consummated and the success with which we operate the businesses acquired. While the company has a history of acquisition activity, it does not acquire businesses on a predictable cycle, and the impact of purchase accounting charges and goodwill impairment charges are unique to each acquisition and can vary significantly from acquisition to acquisition. Similarly, distribution and home delivery transformation charges, business realignment charges, and supply chain optimization charges are dependent on the timing, size, number and nature of the operations being opened or closed, consolidated or centralized, and the charges may not be incurred on a predictable cycle. Management also excludes sale-leaseback transactions due to the infrequent nature of such transactions. Management believes that exclusion of these items facilitates more consistent comparisons of the company's operating results over time. Where applicable, the accompanying "Reconciliation of GAAP to Adjusted Financial Measures" tables present the excluded items net of tax calculated using the effective tax rate from operations for the period in which the adjustment is presented.LA-Z-BOY INCORPORATEDCONSOLIDATED STATEMENT OF INCOME 

Quarter Ended
Year Ended(Unaudited, amounts in thousands, except per share data)
4/25/2026
4/26/2025
4/25/2026
4/26/2025Sales
$   570,338
$   570,871
$ 2,126,635
$ 2,109,207Cost of sales
307,583
319,809
1,190,034
1,182,789Gross profit
262,755
251,062
936,601
926,418Selling, general and administrative expense
201,558
200,954
787,427
770,000Goodwill impairment
19,967
20,581
19,967
20,581Operating income
41,230
29,527
129,207
135,837Interest expense
(135)
(134)
(524)
(545)Interest income
2,525
3,258
11,880
14,877Other income (expense), net
(520)
(635)
(1,758)
(3,035)Income before income taxes
43,100
32,016
138,805
147,134Income tax expense
9,276
16,666
35,894
46,182Net income
33,824
15,350
102,911
100,952Net (income) loss attributable to noncontrolling interests
(551)
(419)
(926)
(1,396)Net income attributable to La-Z-Boy Incorporated
$    33,273
$    14,931
$   101,985
$    99,556








Basic weighted average common shares
40,589
41,208
40,982
41,601Basic net income attributable to La-Z-Boy Incorporated per share
$       0.82
$       0.36
$       2.49
$       2.39








Diluted weighted average common shares
40,923
41,942
41,341
42,345Diluted net income attributable to La-Z-Boy Incorporated per share
$       0.81
$       0.36
$       2.47
$       2.35 LA-Z-BOY INCORPORATEDCONSOLIDATED BALANCE SHEET (Unaudited, amounts in thousands, except par value)
4/25/2026
4/26/2025Current assets



Cash and equivalents
$   303,213
$   328,449Receivables, net of allowance of $5,196 at 4/25/2026 and $5,042 at 4/26/2025
131,039
139,533Inventories, net
218,445
255,285   Assets held for sale
20,209
—Other current assets
101,008
82,421Total current assets
773,914
805,688Property, plant and equipment, net
356,717
339,212Goodwill
243,300
205,590Other intangible assets, net
77,582
51,161Right of use lease asset
520,726
452,848Other long-term assets, net
70,096
67,663Total assets
$ 2,042,335
$ 1,922,162




Current liabilities



Accounts payable
$   101,875
$     95,984Lease liabilities, short-term
88,762
80,592Accrued expenses and other current liabilities
239,258
244,215Total current liabilities
429,895
420,791Lease liability, long-term
475,526
410,265Other long-term liabilities
74,240
59,130Shareholders' Equity



Preferred shares – 5,000 authorized; none issued
—
—Common shares, $1.00 par value – 150,000 authorized; 40,349 outstanding at 4/25/2026 and
41,164 outstanding at 4/26/2025
40,349
41,164Capital in excess of par value
400,752
385,601Retained earnings
610,423
597,432Accumulated other comprehensive loss
(1,527)
(3,574)Total La-Z-Boy Incorporated shareholders' equity
1,049,997
1,020,623Noncontrolling interests
12,677
11,353Total equity
1,062,674
1,031,976Total liabilities and equity
$ 2,042,335
$ 1,922,162 LA-Z-BOY INCORPORATEDCONSOLIDATED STATEMENT OF CASH FLOWS 

Year Ended(Unaudited, amounts in thousands)
4/25/2026
4/26/2025Cash flows from operating activities



Net income
$     102,911
$    100,952Adjustments to reconcile net income to cash provided by operating activities



(Gain)/loss on disposal and impairment of assets
(7,287)
1,998(Gain)/loss on sale of investments
(377)
(235)Provision for doubtful accounts
463
851Depreciation and amortization
47,440
46,667Amortization of right-of-use lease assets
84,436
76,964Equity-based compensation expense
15,688
17,400Goodwill impairment
19,967
20,581Change in deferred taxes
18,263
5,116Change in receivables
1,365
(1,906)Change in inventories
26,323
12,792Change in other assets
(10,728)
8,701Change in payables
4,052
(2,066)Change in lease liabilities
(84,233)
(78,609)Change in other liabilities
(14,177)
(21,935)Net cash provided by operating activities
204,106
187,271




Cash flows from investing activities



Proceeds from disposals of assets
26,083
412Capital expenditures
(76,306)
(74,280)Purchases of investments
(3,713)
(6,990)Proceeds from sales of investments
1,751
11,994Acquisitions
(86,423)
(29,525)Net cash used for investing activities
(138,608)
(98,389)




Cash flows from financing activities



Payments on finance lease liabilities
(918)
(663)Payments for debt issuance costs
(784)
—Stock issued for stock and employee benefit plans, net of shares withheld for taxes
(4,227)
12,350Repurchases of common stock
(47,270)
(77,930)Dividends paid to shareholders
(37,947)
(34,955)Dividends paid to minority interest joint venture partners (1)
—
(1,414)Net cash used for financing activities
(91,146)
(102,612)




Effect of exchange rate changes on cash and equivalents
412
1,081Change in cash and cash equivalents
(25,236)
(12,649)Cash and cash equivalents at beginning of period
328,449
341,098Cash and cash equivalents at end of period
$     303,213
$    328,449




Supplemental disclosure of non-cash investing activities



Capital expenditures included in payables
$       9,467
$      7,234

(1)Includes dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested. LA-Z-BOY INCORPORATEDSEGMENT INFORMATION 

Quarter Ended
Year Ended(Unaudited, amounts in thousands)
4/25/2026
4/26/2025
4/25/2026
4/26/2025Sales







Wholesale segment:







Sales to external customers
$     267,510
$     286,883
$  1,038,789
$  1,056,914Intersegment sales
125,714
115,141
443,423
422,905Wholesale segment sales
393,224
402,024
1,482,212
1,479,819








Retail segment sales
269,560
246,769
950,687
898,370








Corporate and Other:







Sales to external customers
33,268
37,219
137,159
153,923Intersegment sales
1,481
1,799
6,591
6,552Corporate and Other sales
34,749
39,018
143,750
160,475








Eliminations
(127,195)
(116,940)
(450,014)
(429,457)Consolidated sales
$     570,338
$     570,871
$  2,126,635
$  2,109,207








Operating Income (Loss)







Wholesale segment
$      36,844
$      10,120
$     110,189
$      82,213Retail segment
45,021
32,414
108,484
105,417Corporate and Other
(40,635)
(13,007)
(89,466)
(51,793)Consolidated operating income
$      41,230
$      29,527
$     129,207
$     135,837 LA-Z-BOY INCORPORATEDUNAUDITED QUARTERLY FINANCIAL DATA Fiscal 2026 Fiscal Quarter Ended
(13 weeks)
(13 weeks)
(13 weeks)
(13 weeks)(Amounts in thousands, except per share data)
7/26/2025
10/25/2025
1/24/2026
4/25/2026Sales
$     492,229
$     522,480
$     541,588
$     570,338Cost of sales
283,032
291,342
308,077
307,583Gross profit
209,197
231,138
233,511
262,755Selling, general and administrative expense
187,210
194,959
203,700
201,558Goodwill impairment
—
—
—
19,967Operating income
21,987
36,179
29,811
41,230Interest expense
(120)
(110)
(159)
(135)Interest income
3,108
3,549
2,698
2,525Other income (expense), net
(585)
(54)
(599)
(520)Income before income taxes
24,390
39,564
31,751
43,100Income tax expense
6,093
10,574
9,951
9,276Net income
18,297
28,990
21,800
33,824Net (income) loss attributable to noncontrolling interests
(93)
(132)
(150)
(551)Net income attributable to La-Z-Boy Incorporated
$      18,204
$      28,858
$      21,650
$      33,273Diluted weighted average common shares
41,425
41,387
41,485
40,923Diluted net income attributable to La-Z-Boy Incorporated per share
$         0.44
$         0.70
$         0.52
$         0.81
Fiscal 2025 Fiscal Quarter Ended
(13 weeks)
(13 weeks)
(13 weeks)
(13 weeks)(Amounts in thousands, except per share data)
7/27/2024
10/26/2024
1/25/2025
4/26/2025Sales
$     495,532
$     521,027
$     521,777
$     570,871Cost of sales
282,189
290,379
290,412
319,809Gross profit
213,343
230,648
231,365
251,062Selling, general and administrative expense
180,973
191,876
196,197
200,954Goodwill impairment
—
—
—
20,581Operating income
32,370
38,772
35,168
29,527Interest expense
(210)
(99)
(102)
(134)Interest income
4,424
3,730
3,465
3,258Other income (expense), net
(618)
(1,879)
97
(635)Income before income taxes
35,966
40,524
38,628
32,016Income tax expense
9,162
10,671
9,683
16,666Net income
26,804
29,853
28,945
15,350Net income attributable to noncontrolling interests
(645)
184
(516)
(419)Net income attributable to La-Z-Boy Incorporated
$      26,159
$      30,037
$      28,429
$      14,931Diluted weighted average common shares
42,564
42,154
42,103
41,942Diluted net income attributable to La-Z-Boy Incorporated per share
$         0.61
$         0.71
$         0.68
$         0.36 LA-Z-BOY INCORPORATEDRECONCILIATION OF GAAP TO ADJUSTED FINANCIAL MEASURES 

Quarter Ended
Year Ended(Amounts in thousands, except per share data)
4/25/2026
4/26/2025
4/25/2026
4/26/2025GAAP gross profit
$     262,755
$     251,062
$     936,601
$     926,418Purchase accounting charges (1)
—
—
552
140Business realignment charges (2)
42
—
3,061
—Distribution transformation (3)
60
—
2,278
—Supply chain optimization charges (4)
2,373
1,123
5,793
1,123Adjusted gross profit
$     265,230
$     252,185
$     948,285
$     927,681








GAAP SG&A
$     201,558
$     200,954
$     787,427
$     770,000Purchase accounting charges (5)
(199)
(256)
(798)
(1,021)Business realignment (charges)/gain (6)
(446)
—
3,416
—Supply chain optimization charges (7)
—
(2,124)
—
(2,124)Sale-leaseback gain (8)
7,588
—
7,588
—Adjusted SG&A
$     208,501
$     198,574
$     797,633
$     766,855








GAAP operating income
$      41,230
$      29,527
$     129,207
$     135,837Purchase accounting charges
199
256
1,350
1,161Business realignment charges/(gain)
488
—
(355)
—Distribution transformation charges
60
—
2,278
—Supply chain optimization charges
2,373
3,247
5,793
3,247Sale-leaseback gain
(7,588)
—
(7,588)
—Goodwill impairment (9)
19,967
20,581
19,967
20,581Adjusted operating income
$      56,729
$      53,611
$     150,652
$     160,826








GAAP income before income taxes
$      43,100
$      32,016
$     138,805
$     147,134Purchase accounting charges
199
256
1,350
1,161Business realignment charges/(gain)
488
—
(355)
—Distribution transformation charges
60
—
2,278
—Supply chain optimization charges (10)
3,585
3,247
7,005
3,247Sale-leaseback gain
(7,588)
—
(7,588)
—Goodwill impairment
19,967
20,581
19,967
20,581Adjusted income before income taxes
$      59,811
$      56,100
$     161,462
$     172,123

(1)Includes incremental expense upon the sale of inventory acquired at fair value.(2)Impairment charge to adjust inventory to its fair value for the upholstery portion of our wholesale casegoods business, which was sold during the fourth quarter of fiscal 2026.(3)Includes accelerated lease expense, severance costs, and costs associated with exiting former distribution centers.(4)Fiscal 2026 includes severance costs and charges to write-off remaining inventory related to closure of U.K. manufacturing operations. Fiscal 2025 includes severance costs related to manufacturing optimization actions in the U.K.(5)Includes amortization of intangible assets.(6)The fourth quarter includes accelerated lease expense and legal-related costs in connection with our planned disposal of a portion of our wholesale casegoods business. Fiscal 2026 also includes gain on sale of casegoods headquarters building and related fixed assets.(7)Fiscal 2025 includes the impairment of fixed assets and our customer relationship intangible asset in the U.K.(8)Includes gain on sale from sale-leaseback transactions of four Retail stores.(9)Fiscal 2026 includes impairment in Joybird reporting unit and fiscal 2025 includes impairment in U.K. reporting unit.(10)Fiscal 2026 includes adjustments to operating income along with currency translation adjustments reclassified from accumulated other comprehensive income to net income due to the closure of our manufacturing operations in the U.K. LA-Z-BOY INCORPORATEDRECONCILIATION OF GAAP TO ADJUSTED FINANCIAL MEASURES 

Quarter Ended
Year Ended(Amounts in thousands, except per share data)
4/25/2026
4/26/2025
4/25/2026
4/26/2025GAAP net income attributable to La-Z-Boy Incorporated
$      33,273
$      14,931
$     101,985
$      99,556Purchase accounting charges
199
256
1,350
1,161Tax effect of purchase accounting
(48)
(79)
(347)
(317)Business realignment charges/(gain)
488
—
(355)
—Tax effect of business realignment
(117)
—
91
—Distribution transformation charges
60
—
2,278
—Tax effect of distribution transformation
(14)
—
(585)
—Supply chain optimization charges
3,585
3,247
7,005
3,247Tax effect of supply chain optimization
—
(545)
—
(483)Sale-leaseback gain
(7,588)
—
(7,588)
—Tax effect of sale-leaseback gain
1,814
—
1,948
—Goodwill impairment
19,967
20,581
19,967
20,581Adjusted net income attributable to La-Z-Boy Incorporated
$      51,619
$      38,392
$     125,749
$     123,745








GAAP net income attributable to La-Z-Boy Incorporated per diluted share ("Diluted EPS")
$         0.81
$         0.36
$         2.47
$         2.35Purchase accounting charges, net of tax, per share
0.01
—
0.02
0.02Business realignment charges, net of tax, per share
0.01
—
—
—Distribution transformation charges, net of tax, per share
—
—
0.04
—Supply chain optimization charges, net of tax, per share
0.08
0.07
0.17
0.07Sale-leaseback gain, net of tax, per share
(0.14)
—
(0.14)
—Goodwill impairment, net of tax, per share
0.49
0.49
0.48
0.48Adjusted net income attributable to La-Z-Boy Incorporated per diluted share ("Diluted EPS")
$         1.26
$         0.92
$         3.04
$         2.92 LA-Z-BOY INCORPORATEDRECONCILIATION OF GAAP TO ADJUSTED FINANCIAL MEASURESSEGMENT INFORMATION 

Quarter Ended
Year Ended(Amounts in thousands)
4/25/2026
% of sales
4/26/2025
% of sales
4/25/2026
% of sales
4/26/2025
% of salesGAAP operating income (loss)















Wholesale segment
$  36,844
9.4 %
$   10,120
2.5 %
$ 110,189
7.4 %
$  82,213
5.6 %Retail segment
45,021
16.7 %
32,414
13.1 %
108,484
11.4 %
105,417
11.7 %Corporate and Other
(40,635)
N/M
(13,007)
N/M
(89,466)
N/M
(51,793)
N/MConsolidated GAAP operating income
$  41,230
7.2 %
$   29,527
5.2 %
$ 129,207
6.1 %
$ 135,837
6.4 %
















Adjusted items affecting operating income















Wholesale segment
$    2,920


$   23,885


$   7,715


$  24,052

Retail segment
(7,588)


—


(7,036)


140

Corporate and Other
20,167


199


20,766


797

Consolidated adjusted items affecting operating income
$  15,499


$   24,084


$  21,445


$  24,989


















Adjusted operating income (loss)















Wholesale segment
$  39,764
10.1 %
$   34,005
8.5 %
$ 117,904
8.0 %
$ 106,265
7.2 %Retail segment
37,433
13.9 %
32,414
13.1 %
101,448
10.7 %
105,557
11.7 %Corporate and Other
(20,468)
N/M
(12,808)
N/M
(68,700)
N/M
(50,996)
N/MConsolidated adjusted operating income
$  56,729
9.9 %
$   53,611
9.4 %
$ 150,652
7.1 %
$ 160,826
7.6 %
















N/M - Not Meaningful















View original content to download multimedia:https://www.prnewswire.com/news-releases/la-z-boy-incorporated-reports-strong-fourth-quarter-results-led-by-retail-sales-growth-and-broad-based-margin-improvement-finalizes-multiple-strategic-initiatives-302802299.htmlSOURCE La-Z-Boy Incorporated Original: La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives

La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Fourth Quarter and Full Year Earnings Release and Conference CallJune 2, 2026 9:39 AM
PR Newswire (US) MONROE, Mich., June 2, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, will report its Fiscal 2026 Fourth Quarter and Full Year results for the period ended April 25, 2026 after the close of trading on the New York Stock Exchange on Tuesday, June 16, 2026, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, June 17, 2026. The conference call will be webcast live with corresponding slides at https://lazboy.gcs-web.com/. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 106726.The conference call will be archived on the internet and accessible for one year. A telephone replay will be available for two weeks following the call. This replay will be accessible to callers from the U.S. and Canada at (877) 481-4010 and to international callers at (919) 882-2331. The replay passcode is 54076.About La-Z-Boy:
La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of over 370 La-Z-Boy stores, including 226 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 11,000 employees, La-Z-Boy Incorporated was named to TIME's 2026 list of America's Most Iconic Companies and Newsweek's 2025 list of America's Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort. View original content to download multimedia:https://www.prnewswire.com/news-releases/la-z-boy-incorporated-announces-timing-of-fiscal-2026-fourth-quarter-and-full-year-earnings-release-and-conference-call-302788644.htmlSOURCE La-Z-Boy Incorporated Original: La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Fourth Quarter and Full Year Earnings Release and Conference Call

La-Z-Boy Incorporated Completes Sale of American Drew and Kincaid Wholesale Casegoods BusinessesJune 1, 2026 4:15 PM
PR Newswire (US) MONROE, Mich., June 1, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, completed the sale of its previously announced American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture. This portfolio optimization will enable La-Z-Boy Incorporated to focus on its core, vertically integrated North American upholstery business and drive its Century Vision strategy. La-Z-Boy stores, Comfort Studios, and Branded Spaces will continue to offer casegoods products to their consumers. These changes will enhance offerings in the future, opening up broader sourcing and driving efficiency in the process. About La-Z-Boy:
La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of over 370 La-Z-Boy stores, including 226 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 11,000 employees, La-Z-Boy Incorporated was named to TIME's 2026 list of America's Most Iconic Companies and Newsweek's 2025 list of America's Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort.Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, acquisitions, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.The forward-looking statements in this press release are based on certain assumptions and currently available information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control. Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial results. Our actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed in our Fiscal 2025 Annual Report on Form 10-K and other factors identified in our reports filed with the Securities and Exchange Commission (the "SEC"), available on the SEC's website at www.sec.gov. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. We are including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. View original content to download multimedia:https://www.prnewswire.com/news-releases/la-z-boy-incorporated-completes-sale-of-american-drew-and-kincaid-wholesale-casegoods-businesses-302787512.htmlSOURCE La-Z-Boy Incorporated Original: La-Z-Boy Incorporated Completes Sale of American Drew and Kincaid Wholesale Casegoods Businesses

La-Z-Boy Incorporated Declares Quarterly DividendApril 28, 2026 4:15 PM
PR Newswire (US)

MONROE, Mich., April 28, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.242 per share. The dividend will be paid on June 15, 2026 to shareholders of record as of June 2, 2026.







About La-Z-Boy:
La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of over 370 La-Z-Boy stores, including 226 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 11,000 employees, La-Z-Boy Incorporated was named to TIME's 2026 list of America's Most Iconic Companies and Newsweek's 2025 list of America's Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort.



View original content to download multimedia:https://www.prnewswire.com/news-releases/la-z-boy-incorporated-declares-quarterly-dividend-302756089.htmlSOURCE La-Z-Boy Incorporated

Original: La-Z-Boy Incorporated Declares Quarterly Dividend

La-Z-Boy Incorporated Introduces AudioLuxe, a New Premium Audio Furniture Line with Sound by KlipschApril 20, 2026 9:15 AM
Business Wire
Debuting at High Point Market, AudioLuxe brings a premium sound experience to the comfort of La-Z-Boy recliners and motion furniture.


Key Highlights:



New AudioLuxe by La-Z-Boy® premium audio furniture line debuts at High Point Market with select availability this fall



The product line combines an integrated audio experience with the comfort and quality for which La-Z-Boy is known



Key features, driven by consumer led insights, include Sound by Klipsch, surround sound with audio-visual sync, Auracast™ Bluetooth audio sharing, personalized controls, and La-Z-Boy customizable comfort



La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, is bringing premium audio to its motion furniture lineup with the debut of AudioLuxe by La-Z-Boy®, a new product line featuring integrated Klipsch sound systems. The collection makes its industry debut at the April 2026 High Point Market with select availability this fall and leverages La-Z-Boy’s in-house consumer led insights to drive innovation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260420600149/en/
AudioLuxe pairs La-Z-Boy’s signature customizable comfort with Sound by Klipsch, delivering crystal clear tones and deep bass vibrations directly through the furniture. The line features speakers and subwoofers built directly into a range of recliners and motion furniture. With modern silhouettes and clean lines, the AudioLuxe line is designed to complement contemporary living spaces.


“At La-Z-Boy Incorporated, we prioritize delivering an unmatched comfort experience through every product,” said Nelly Martínez Garza, Sr. Director of Product Design. “With AudioLuxe, we’re pairing the comfort and quality that La-Z-Boy consumers have trusted for generations with the premium audio performance Klipsch is known for. There’s nothing on the market that provides audio immersion at this level of comfort, and we’re excited for AudioLuxe to make its way into living rooms and home theaters nationwide. The new line further advances La-Z-Boy Incorporated’s Century Vision strategy of expanding brand reach and will be manufactured within our United States manufacturing footprint.”


Premium audio, precisely positioned


AudioLuxe is engineered in partnership with Klipsch, an American audio brand with more than 80 years of innovation in home theater, sound bars, and high-performance speaker systems. Together, the companies have developed an integrated audio experience with speakers and subwoofers positioned for optimal, immersive sound delivery.


“This partnership brings together two American icons with the shared vision to establish a new benchmark for comfort and sound, redefining the way we enjoy entertainment at home," said Vince Bonacorsi, Chief Operating Officer of Klipsch. “Our advanced audio technologies, refined over the last eight decades, allow the AudioLuxe products to deliver a new level of realism for an embedded audio experience unlike anything currently on the consumer market.”


Key features of the AudioLuxe line include:



Sound by Klipsch: Wireless speakers and subwoofers by Klipsch are embedded directly into recliners and sofas, delivering sound you can feel



Surround sound with audio-visual sync: When paired with the Klipsch Flexus Sound System, AudioLuxe furniture enables dynamic, 5.1.2 surround sound powered by Dolby® Atmos



Auracast™ Bluetooth audio sharing: Broadcast high-quality audio to each seat by connecting a phone or tablet to an AudioLuxe piece, then sharing the sound to all other Auracast™-enabled seats or speakers in the home



Personalized controls: Each armrest features integrated controls so users can manage their own audio input and sound level or choose to listen in sync



La-Z-Boy customizable comfort: AudioLuxe furniture offers fully adjustable back recline, lumbar support, headrests, and legrests, plus integrated storage and fabric and leather cover options



Industry debut at High Point Market


Retail buyers, wholesale customers, and industry partners can experience AudioLuxe in the La-Z-Boy showroom by appointment only at High Point Market beginning April 23, 2026. AudioLuxe will be available in select La-Z-Boy stores, Comfort Studios, Branded Spaces, and other furniture retailers this fall. To book an appointment at the La-Z-Boy showroom, contact: lisa.voltmer@la-z-boy.com.


About La-Z-Boy:


La-Z-Boy Incorporated (NYSE: LZB) is a leading vertically integrated retailer and manufacturer of high-quality, custom furniture that transforms the home. Founded on American heritage, the iconic La-Z-Boy brand has been synonymous with comfort, quality, and craftsmanship for nearly 100 years. As an end-to-end enterprise, the company manages every aspect of its business—from retail, manufacturing, and design to distribution and after-service care.


La-Z-Boy Incorporated brings timeless and modern furniture to life through a retail network of over 370 La-Z-Boy stores, including 226 company-owned locations, and its digital platform at La-Z-Boy.com. Within the Wholesale segment, the company manufactures comfortable, high quality, custom furniture, with approximately 90% of its products produced in North America. Its Joybird® brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating 15 U.S. stores. With a global team of about 11,000 employees, La-Z-Boy Incorporated was named to TIME’s 2026 list of America’s Most Iconic Companies and Newsweek’s 2025 list of America’s Best Retailers, ranking No. 1 in the furniture category. The company continues to shape the way people live by delivering the transformational power of comfort.


About Klipsch:


Paul W. Klipsch, inventor, acoustics pioneer and maverick, founded Klipsch Audio with the sole purpose of bringing the power, detail and emotion of the live music experience into his living room. Using highly efficient speaker designs, handcrafted cabinetry and a thirst for real engineering breakthroughs – Klipsch, the great American audio company, was born in Hope, AR. Today, our diverse range of quality audio products includes speakers and headphones for almost any consumer and professional application – including cinema, whole-house, wireless, home theater and portable offerings. Honoring our founder’s legacy, Klipsch continues to be the legendary high-performance brand of choice for audiophiles and aficionados around the world. We are the Keepers of the Sound®. Klipsch®, registered in the U.S. and other countries, is a trademark of Klipsch Group, Inc. Klipsch Group, Inc. is a wholly-owned subsidiary of Gentex Corporation (NASDAQ: GNTX).Visit www.klipsch.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260420600149/en/
Investor Relations / Media Contact:

Mark Becks, CFA, (734) 457-9538

mark.becks@la-z-boy.com


Original: La-Z-Boy Incorporated Introduces AudioLuxe, a New Premium Audio Furniture Line with Sound by Klipsch

I hate that big charts was merged
I use stock charts

Monksdream you sure do get around.......Are you a robot or something ? I wonder.
How do you FEEL about Bigcharts being terminated and
What alternatives if any have you had to adopt ?

.

LZB reports Tuesday 6/17

$LZB | #La-Z-Boy Earnings Trade


Potential long above $33
Upside target $35.70
Bullish downtrend broken
Golden cross complete

$LZB Technical Analysis Video Here. http://www.shortmetina.com/hot-stock-picks.html

fantastic short opportunity created today , got some at $30.80 will cover at $30 or lower today .

La-Z-Boy fundamental analysis highlights shares may be 12% undervalued before earnings:

Fair Value Analysis

Sales & Profit are up

~ Tuesday! $LZB ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $LZB ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=LZB&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=LZB&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=LZB
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LZB#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LZB+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LZB
Finviz: http://finviz.com/quote.ashx?t=LZB
~ BusyStock: http://busystock.com/i.php?s=LZB&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LZB >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

~ Monday! $KVHI ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $KVHI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=KVHI&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=KVHI&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=KVHI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=KVHI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=KVHI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=KVHI
Finviz: http://finviz.com/quote.ashx?t=KVHI
~ BusyStock: http://busystock.com/i.php?s=KVHI&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=KVHI >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

LZB trying to break and hold $5...

LZB up 10% here..

Ahhh, does that one have a fridge on the side...

http://keetsa.com/blog/wp-content/uploads/2008/03/home-lazboy.jpg

I wouldn't buy that crap, lol!

Very Nice, now go buy a LazyBoy recliner with your winnings!!!

Sold my LZB calls at lunch, with the market pulling back figured i better take it why it's there...

bought my calls at .15 and sold them at .35...

LZB yearly volume high today and then some...

LZB recent upgrade should really spring the pps imo!

La-Z-Boy upgraded to strong buy by Raymond James
Jun 3, 2009, 2:16 p.m. EST

NEW YORK (MarketWatch) - La-Z-Boy Inc (LZB 3.03, +0.85, +38.99%) was upgraded to strong buy from market perform Wednesday by Raymond James. The broker said the furniture maker is positioned to benefit from improved industry conditions, once they materialize, and issued a 12-month price target of $4.50 a share. "Relative to other residential furniture equities, La-Z-Boy should benefit from its mid-market price points, well-known brand name, wide distribution, and heavy mix of upholstered revenues," wrote Budd Bugatch, director of furnishing research, in a note to clients. Shares of La-Z-Boy soared on the upgrade, rising 28% to $2.80 a share in afternoon trade.

LZB La-Z-Boy beats by $0.18, misses on revs (3.64 -0.02)

Reports Q4 (Apr) earnings of $0.07 per share, excluding $0.02 in charges and a $0.05 benefit, $0.18 better than the First Call consensus of ($0.11); revenues fell 22.7% year/year to $284.5 mln vs the $297.4 mln consensus. Co says, "We anticipate business conditions to remain difficult throughout the year and are structuring our business accordingly. Should conditions change in either direction, we will react swiftly and make the necessary changes to our operating structure. Due to seasonality factors and plant shutdowns for vacation and maintenance, the summer period is usually the slowest for the furniture industry and, historically, our first quarter, which ends in July, is typically the weakest in terms of sales and profits."

La-Z-Boy Reports Fourth-Quarter Profit
Jun 15, 2009 4:27:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesMONROE, Mich., June 15 /PRNewswire-FirstCall/ -- La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal fourth quarter and full year ended April 25, 2009.


Fiscal 2009 fourth quarter highlights:


-- Income from continuing operations was $0.10 per share versus a loss of
$0.09 per share in last year's fourth quarter, despite a 23%
decline in net sales, reflecting ongoing macroeconomic challenges
-- The company generated $34 million in cash from operating activities and
reduced debt by $28 million
-- Net debt at year end was less than $44 million - the lowest level the
company experienced in this decade

-- The retail segment's performance improved - operating loss reduced
by $5 million on a 21% sales decline


Net sales for the fourth quarter were $284.5 million, down 23% compared with the prior year's fourth quarter. The company reported income from continuing operations of $5.3 million, or $0.10 per share, compared with a loss of $4.5 million, or a loss of $0.09 per share in the same period of fiscal 2008. The 2009 fourth-quarter results include a $0.01 per share impairment of long-lived assets related to its retail operation, a $0.01 restructuring charge, primarily related to store closures within the company's retail segment and a $0.05 tax benefit. The company's 2008 fourth-quarter results include a $0.04 restructuring charge, primarily related to the closing of its Tremonton, UT manufacturing facility.


Kurt L. Darrow, President and Chief Executive Officer of La-Z-Boy, said, "We were profitable during the quarter on a sales decline of $84 million as the operating environment continues to be very difficult. This is the direct result of the decisive actions taken and the significant changes made to our cost structure over the past year, coupled with the ongoing execution of strategic initiatives that will continue to increase the company's operating efficiencies. Additionally, during the quarter, we generated $34 million in cash from operating activities. We remained focused on improving our liquidity by paying down debt by $27.8 million, bringing our net debt at year end to less than $44 million. Additionally, subsequent to year end, restricted cash of about $18 million became available to be used for operations due to a change in our captive insurance company. We also reduced our losses in the retail segment by $5 million when compared with the previous year's fourth quarter, even on declining volume. Going forward, we will maintain our aggressive stance in managing our business and, with our new infrastructure, I am confident La-Z-Boy Incorporated will emerge from this difficult macroeconomic period as a stronger and more competitive entity."


For the full fiscal 2009 year, La-Z-Boy Incorporated reported sales of $1.2 billion, down 15.5% from $1.5 billion in the prior-year period. The company posted a loss from continuing operations of $121.3 million, or $2.36 per share, versus a loss of $7.5 million, or a loss of $0.15 per share. The 2009 full-year results include income of $0.16 per share related to anti-dumping monies received on bedroom furniture imported from China, a restructuring charge of $0.24 per share related to various plant, warehouse facilities and retail store closures, a non-cash intangible write-down of $0.85 per share relating to goodwill and trade names and a $0.15 per share non-cash impairment of long-lived assets relating to the company's retail operation. The company's full-year results also include a non-cash $0.74 per-share charge recognized in the second quarter of fiscal 2009 for a valuation allowance against the company's deferred tax assets.


Wholesale Segments


For the fiscal 2009 fourth quarter, sales in the company's upholstery segment decreased 22.5% to $215.0 million compared with $277.5 million in the prior year's fourth quarter. On the $62.5 million decline in sales, the segment's operating margin increased to 9.0% from 8.3% in the prior year's quarter. In the casegoods segment, sales for the fiscal fourth quarter were $39.3 million, down 19.4% from $48.8 million in the prior year's fourth quarter. The segment's operating margin decreased to (3.2%) from 3.6% in last year's comparable period.


Darrow commented, "Our operating margin performance in our upholstery segment demonstrates the efficiencies with which we are running our business. On a significant decline in volume, we not only operated with a 9% margin, but improved our operating performance quarter over quarter. This is a testament to the number of changes we have made to our manufacturing structure. In addition to the benefits derived from cellular production at our La-Z-Boy branded facilities, we are also achieving similar lean benefits at our other upholstery companies. And, with the transition to our new Mexican cut-and-sew facility in progress and on schedule, we look forward to achieving further cost savings and efficiencies, as planned. However, we are currently running dual cut-and-sew operations as we go through the transition process and are not yet realizing the anticipated cost benefits from the Mexican operation. We expect to start seeing benefits in early calendar 2010."


Darrow continued, "In our casegoods business, we made the decision to consolidate our two separate manufacturing operations into one facility in Hudson, NC. We will close our plant in North Wilkesboro, NC and convert it to a finished-goods warehouse and vacate a leased warehouse operation in Statesville, NC. These moves will take place over a nine-month period and, when completed, will provide an annual cost savings of approximately $5 to $6 million, based on current volume. Additionally, we are narrowing the number of collections we offer to focus on our best sellers and a core group of products. As a result, during the quarter, the operating margin for the segment was negatively impacted by higher-than-usual discounting of certain product to reduce inventory levels and generate cash."


In fiscal 2009, the La-Z-Boy Furniture Galleries(R) store system, which includes both company-owned and independent-licensed stores, opened six new stores, relocated and/or remodeled nine and closed 21, bringing the total store count to 320, of which 224 are in the New Generation format. For fiscal 2010, the network plans to be opportunistic in opening or relocating stores and anticipates closing five to 10 stores.


System-wide, for the fiscal 2009 fourth quarter, including company-owned and independent-licensed stores, same-store written sales, which the company tracks as an indicator of retail activity, were down 16.4%. Total written sales, which include new and closed stores, were down 20.6%.


Retail


For the quarter, retail sales were $38.4 million, down 21.4% compared with the prior-year period. The retail group posted an operating loss for the quarter, and its operating margin was (19.1%). Darrow stated, "Although our retail business continues to be impacted by the weak demand environment, I am pleased with the progress our team is making in stemming the losses in the segment. In spite of the sales decline, we decreased our operating loss for the quarter by $5 million compared with last year's fourth quarter, reflecting the numerous changes made to the business over the previous six-month period. Those changes include structural improvements within each store, more efficient and effective marketing, higher gross margins and lower warehousing costs due to the shift we instituted last quarter. Going forward, working within the confines of a difficult macroeconomic environment and associated lower traffic levels, our sales team is focused on improving the customer shopping experience, leveraging new selling strategies and improving on the execution of our In-Home Design capabilities. We believe that even in the lower-volume environment, we can continue to improve the segment's operating performance."


Balance Sheet


During the fourth quarter, La-Z-Boy generated $34 million in cash from operating activities and paid down its debt by $27.8 million. La-Z-Boy's debt-to-capitalization ratio was 16.6% compared with 18.8% a year ago and to 22% at the end of the third quarter. During the quarter, the company's inventory was reduced by 18.6%, or $32 million. Darrow stated, "In addition to managing all facets of our business aggressively, we are focused on improving our liquidity. In a difficult sales environment, we were able to generate cash, pay down debt and increase our availability under our revolving line of credit by $7.8 million to $65 million."


Business Outlook


Darrow stated, "We anticipate business conditions to remain difficult throughout the year and are structuring our business accordingly. Should conditions change in either direction, we will react swiftly and make the necessary changes to our operating structure. Due to seasonality factors and plant shutdowns for vacation and maintenance, the summer period is usually the slowest for the furniture industry and, historically, our first quarter, which ends in July, is typically the weakest in terms of sales and profits."


Conference Call

LZB Breaking out through the 200 day MA

LZB on the Move $3.25 here!

La-Z-Boy upgraded to strong buy by Raymond JamesExplore related topics
Jun 3, 2009, 2:16 p.m. EST

NEW YORK (MarketWatch) - La-Z-Boy Inc (LZB 3.03, +0.85, +38.99%) was upgraded to strong buy from market perform Wednesday by Raymond James. The broker said the furniture maker is positioned to benefit from improved industry conditions, once they materialize, and issued a 12-month price target of $4.50 a share. "Relative to other residential furniture equities, La-Z-Boy should benefit from its mid-market price points, well-known brand name, wide distribution, and heavy mix of upholstered revenues," wrote Budd Bugatch, director of furnishing research, in a note to clients. Shares of La-Z-Boy soared on the upgrade, rising 28% to $2.80 a share in afternoon trade.

LZB yearly volume high! 2.15 million worth!

LZB right through $3, now that is short covering!

Testing todays High here at $2.89!

Not a bad Short interest here!

Almost 10% of the float

http://www.shortsqueeze.com/?symbol=lzb

La-Z-Boy Inc Shares raised to strong buy from market perform at Raymond JamesWednesday, June 03, 2009 8:14:15 AM

LZB printing a little higher in PM here...

http://www.wdef.com/news/la_z_boy_shipping_jobs_to_mexico_layoffs_coming_to_dayton/04/2008

‘La-Z-Boy expects to begin production at its Mexican facility in early calendar 2009.’

And now Kurt L. Darrow wants to slap a made in America tag on their crap.

http://www.la-z-boy.com/about/american-made.aspx

good buy now, its going to post a small profit soon i think

Boycott this company. They are traitors to America. Kurt Darrow should also move to Mexico and not be allowed back in our country.

under $10 by end of the year.

They own American Drew also. I have visited their plants, office and their import storage near Boone.