La-Z-Boy Q3 2025 Earnings Report
Key Takeaways
La-Z-Boy Incorporated reported a 4% increase in sales, reaching $522 million for the third quarter. Both GAAP and Non-GAAP diluted EPS were $0.68. The company's operating margin improved by 20 basis points, and it returned $90 million to shareholders year-to-date.
Consolidated delivered sales increased by 4% year-over-year to $522 million.
GAAP and Non-GAAP diluted EPS both reached $0.68.
Retail segment sales grew by 11%, driven by same-store sales growth, acquisitions, and new store openings.
The company returned $90 million to shareholders year-to-date, a 40% increase compared to the previous year.
La-Z-Boy
La-Z-Boy
La-Z-Boy Revenue by Segment
Forward Guidance
La-Z-Boy expects industry trends to remain under pressure but anticipates continuing to outperform the industry. Assuming no significant changes in tariffs, the company expects fiscal fourth quarter sales to be in the range of $545-565 million and Non-GAAP operating margin to be in the range of 8.5-9.5%.
Positive Outlook
- Strong written trends and sequential acceleration in Retail and Wholesale businesses.
- Focus on growing the core La-Z-Boy brand.
- Strategic expansion of the Retail segment.
- Driving strategic, compatible distribution in the Wholesale segment.
- Expectation to continue outpace the industry.
Challenges Ahead
- Expectation for industry trends to remain under pressure.
- Challenging macro conditions.
- Potential impact from changes in tariffs.
- Underlying housing fundamentals remain challenged.
- Significant customer transition in our international wholesale business