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La-Z-Boy Incorporated ( (LZB) ) just unveiled an update.
La-Z-Boy Incorporated reported solid second-quarter results for fiscal 2026, with sales reaching $522 million, a slight increase from the previous year. The company saw growth in its Retail and Wholesale segments, despite a decline in Joybird sales. Strategic initiatives included the acquisition of a 15-store network in the southeast U.S., plans to exit non-core businesses, and the proposed closure of a UK manufacturing facility. These moves aim to optimize operations and enhance margins, positioning La-Z-Boy for future growth amid a challenging economic environment.
The most recent analyst rating on (LZB) stock is a Hold with a $33.00 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 Neutral.
La-Z-Boy’s overall stock score reflects stable financial performance and reasonable valuation, but is moderated by bearish technical indicators and challenges highlighted in the earnings call. The company’s strategic expansions and strong balance sheet are positive, yet revenue growth and cash flow generation require attention.
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, focusing on the North American market with a strong emphasis on its core upholstery business.
Average Trading Volume: 551,184
Technical Sentiment Signal: Sell
Current Market Cap: $1.25B
For detailed information about LZB stock, go to TipRanks’ Stock Analysis page.