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Jul 26, 2025
La-Z-Boy Q1 2026 Earnings Report
La-Z-Boy reported a slight decline in revenue and earnings in Q1 2026, with sales growth in Retail and Wholesale segments offset by weakness in Joybird.
Key Takeaways
La-Z-Boy posted a 1% drop in revenue and a 30% decline in net income for Q1 2026. Despite weaker performance from Joybird and international wholesale, the Retail and Wholesale segments delivered growth, supported by store additions and margin improvement.
Revenue by Segment
Forward Guidance
La-Z-Boy expects Q2 2026 sales between $510M and $530M and adjusted operating margin between 4.5% and 6.0%, reflecting cautious optimism amid macro uncertainty.
Positive Outlook
- Q2 sales guided to $510M–$530M
- Adj. operating margin expected between 4.5%–6.0%
- Focus on Century Vision growth strategy
- Strength in core Retail and Wholesale segments
- 15-store acquisition expected to close in Q2
Challenges Ahead
- Consumer demand remains uneven
- Same-store sales in Retail down 4%
- Joybird continues to underperform
- Operating margin declined YoY
- Free cash flow dropped by over 50% YoY
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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