Loading...
•
Jan 24
La-Z-Boy Q3 2026 Earnings Report
La-Z-Boy Incorporated reported strong third quarter results led by double-digit retail sales growth and significant progress on strategic initiatives.
Key Takeaways
La-Z-Boy Incorporated delivered strong third quarter results for fiscal 2026, with total sales increasing 4% to $542 million compared to the prior year. The Retail segment saw an 11% increase in both written and delivered sales, while the Wholesale segment's delivered sales grew by 1%. GAAP diluted EPS was $0.52, and adjusted diluted EPS was $0.61. The company also generated $89 million in operating cash flow, a 57% increase year-over-year.
Total delivered sales for the quarter reached $542 million, marking a 4% increase over the prior year.
The Retail segment experienced an 11% increase in both written and delivered sales, driven by new and acquired stores.
GAAP diluted EPS was $0.52, with adjusted diluted EPS at $0.61 for the quarter.
Operating cash flow significantly increased by 57% to $89 million for the quarter.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2026, La-Z-Boy expects sales to be in the range of $560-580 million and adjusted operating margin to be in the range of 7.5-9.0%.
Positive Outlook
- Continued progress on Century Vision strategic initiatives.
- Operational execution towards the high end of guidance range.
- Strong momentum in the Wholesale segment with seventh consecutive quarter of growth.
- Expansion of direct-to-consumer business as a key pillar of Century Vision strategy.
- Recognition as one of America's Most Iconic Companies for 2026 by TIME magazine.
Challenges Ahead
- Continued challenging consumer environment.
- Lower delivered volume in Joybird business.
- Decline in Joybird written sales.
- Impact of recent adverse weather events on sales.
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
Loading earnings performance data...
Loading earnings reaction data...