La-Z-Boy quarterly sales fall 1% to $492 million; GAAP EPS down 28% to $0.44
La-Z-Boy reported fiscal first-quarter 2026 results for the quarter ended July 26, 2025, with sales down 1% and GAAP diluted EPS down 28% from a year earlier. The company also guided to fiscal second-quarter sales of $510 million to $530 million and an adjusted operating margin of 4.5% to 6.0%, and said it is evaluating alternatives to address financial pressure from non-core parts of its business.
Key points
- Sales were $492 million, down 1% from $495.5 million a year earlier; Retail written sales rose 5%, but Retail same-store written sales fell 4%.
- GAAP diluted EPS was $0.44 versus $0.61; adjusted diluted EPS was $0.47 versus $0.62.
- GAAP operating margin was 4.5% versus 6.5%; Joybird delivered sales fell 20% to $28 million.
- Second-quarter outlook: sales of $510 million to $530 million and adjusted operating margin of 4.5% to 6.0%.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.