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Apr 26
La-Z-Boy Q4 2025 Earnings Report
La-Z-Boy delivered revenue and adjusted EPS growth, driven by strength in the Retail and Wholesale segments, despite macroeconomic challenges.
Key Takeaways
La-Z-Boy posted solid Q4 results with sales up 3% and strong adjusted margins, benefiting from retail expansion and core wholesale growth. Net income declined due to goodwill impairment in the UK business.
Consolidated sales increased 3% YoY to $571M, exceeding guidance.
Adjusted operating margin held steady at 9.4% despite headwinds.
Retail segment delivered sales rose 8% with expanded store base.
Reported GAAP net income declined due to UK goodwill impairment.
La-Z-Boy
La-Z-Boy
La-Z-Boy Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comRetail Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
La-Z-Boy expects modest revenue growth in Q1 FY26 amidst industry volatility, planning prudently with a focus on Retail and core wholesale segments.
Positive Outlook
- Expected Q1 sales range: $490M–$510M
- Adjusted operating margin guidance: 5.5%–7.0%
- Growth to be led by company-owned Retail segment
- Strong core North America wholesale momentum
- Operational investments to support long-term gains
Challenges Ahead
- Seasonally low Q1 sales expected
- Tariff expenses remain a cost pressure
- UK and Joybird businesses causing transitory margin drag
- Volatile consumer sentiment due to macroeconomic conditions
- Annual plant shutdown to impact quarterly performance
Revenue & Expenses
Visualization of income flow from segment revenue to net income