La-Z-Boy Reports 24% Profit Drop in Q1
La-Z-Boy (NYSE:LZB), the furniture manufacturer and retailer best known for its recliners and home furnishings, released results for its fiscal first quarter 2026 on August 19, 2025. GAAP revenue was $492 million in Q1 FY2026, slightly ahead of the $490.6 million analyst consensus, but missed earnings per share projections, with Non-GAAP EPS of $0.47 versus the $0.53 estimate. This marks a 24% decrease from the prior year's quarter. Q4 FY2025 saw both margin compression and declining profits, driven by weaker same-store sales in the retail segment and ongoing challenges in the Joybird business. Overall, while topline sales held mostly steady, profitability was under pressure and the quarter fell short of prior expectations, particularly on the bottom line.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q4 2025 earnings report.
La-Z-Boy designs, manufactures, and sells furniture including recliners, sofas, sectionals, and related home décor throughout North America. Its products are sold through an extensive network that includes company-owned La-Z-Boy Furniture Galleries stores, independent retailers, and its Joybird digital-native brand. The company manages a vertically integrated operation, controlling many elements from manufacturing to retail sales, which enables tight control over quality and customer experience.
Source Fool.com
