La-Z-Boy Incorporated ( (LZB) ) has released its Q1 earnings. Here is a breakdown of the information La-Z-Boy Incorporated presented to its investors.
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La-Z-Boy Incorporated, a prominent player in the residential furniture industry, is known for its iconic recliners and operates as a vertically integrated retailer and manufacturer. The company recently reported its first-quarter earnings for fiscal 2026, highlighting growth in its retail and wholesale segments despite a slight overall sales decline. Key financial metrics revealed a 5% increase in retail written sales and a 1% rise in wholesale delivered sales, with operating margins slightly down from the previous year. The company also announced a significant acquisition of a 15-store network, signaling strategic expansion efforts. Looking ahead, La-Z-Boy remains focused on its Century Vision strategy, aiming to navigate current market challenges while positioning itself for future growth.