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La-Z-Boy Incorporated ( (LZB) ) has shared an update.
La-Z-Boy reported fiscal 2026 third-quarter results on February 17, 2026, with sales of $542 million, up 4% year on year, driven by double-digit growth in its Retail segment and modest gains in Wholesale, despite weaker Joybird sales. GAAP operating margin was 5.5% and adjusted margin 6.1%, diluted EPS reached $0.52 on a GAAP basis and $0.61 adjusted, and operating cash flow surged 57% to $89 million.
The company advanced key strategic initiatives, adding four new company-owned stores in the quarter and 16 over the past 12 months, integrating a 15-store acquisition in the U.S. Southeast and lifting company-owned locations to roughly 60% of its network. It also moved to focus on core branded upholstery by closing its U.K. manufacturing facility by year-end, completing the sale of its Kincaid upholstery business and signing a letter of intent to sell its American Drew and Kincaid casegoods lines, while completing the western U.S. phase of its distribution and home-delivery transformation project.
The most recent analyst rating on (LZB) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on La-Z-Boy Incorporated stock, see the LZB Stock Forecast page.
Spark’s Take on LZB Stock
According to Spark, TipRanks’ AI Analyst, LZB is a Outperform.
La-Z-Boy’s overall stock score reflects strong financial performance and effective strategic initiatives, supported by positive technical indicators. While valuation is fair, the company’s proactive approach to growth and operational efficiency, alongside consistent dividend increases, enhances its investment appeal.
To see Spark’s full report on LZB stock, click here.
More about La-Z-Boy Incorporated
La-Z-Boy Incorporated is a global leader in the retail and manufacture of residential furniture, best known for its branded, customized upholstered products. The company operates a vertically integrated model with about 90% of its upholstered furniture produced in the U.S., and is expanding its direct-to-consumer reach through a growing network of company-owned La-Z-Boy retail stores.
Average Trading Volume: 514,854
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.58B
See more data about LZB stock on TipRanks’ Stock Analysis page.