La-Z-Boy swings to Q1 GAAP loss as sales fall 3% and adjusted EPS slips to $0.43
La-Z-Boy reported fiscal first-quarter 2027 results for the period ended July 25, 2026. Sales fell 3% to $476 million, GAAP results swung to a loss of $(0.06) per diluted share from $0.44 a year earlier, and adjusted diluted EPS fell to $0.43 from $0.47, while Retail written sales rose 16%. The company also gave second-quarter sales guidance of $500-$520 million and an adjusted operating margin of 4.0-5.5%.
Key points
- Consolidated sales of $475.7 million fell 3% from $492.2 million; Wholesale sales fell 9% to $323 million, while Retail delivered sales rose 10% to $229 million
- GAAP diluted EPS was $(0.06) versus $0.44; adjusted diluted EPS was $0.43 versus $0.47, with adjustments mainly for $17.6 million of charges tied to exiting two smallest plants
- Second-quarter outlook: sales of $500-$520 million and adjusted operating margin of 4.0-5.5%
- Board declared a quarterly dividend of $0.242 per share, payable September 15, 2026, to holders of record on September 3, 2026; the company returned $35 million to shareholders in the quarter
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 18, 2026.
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.