Education
About Us
Working with TipRanks
Follow Us
La-Z-Boy Incorporated (LZB)
NYSE:LZB
Earnings Data
Report Date
Jun 23, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.85Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive outlook driven by solid consolidated revenue growth (+4% to $542M), strong retail expansion and integration (retail +11%, major 15-store acquisition adding ~$80M annualized), robust operating cash flow (+57% to $89M), and clear progress on distribution and strategic portfolio actions that are expected to yield material margin improvement (75–100 bps enterprise; 50–75 bps Wholesale). Near-term challenges include same-store retail declines (-4%), continued Joybird volatility (written sales -13%/delivered -3%), Wholesale margin pressure (down ~50 bps) and weather- and restructuring-related timing and one-time impacts (higher SG&A as % of sales +80 bps; GAAP tax rate spike to 31.3%). On balance, the positives around cash generation, strategic execution, store network growth, and a path to structural margin improvement outweigh the near-term operational and macro headwinds.Company Guidance
Consolidated Revenue Growth
Total delivered sales of $542 million, up 4% versus prior year.
Retail Segment Strength
Retail delivered and written sales increased 11% versus prior year to $252 million; new and acquired stores were key drivers.
Store Expansion and Network Growth
Opened 4 new company-owned stores in the quarter; 16 new stores in the last 12 months; reported 29 net company-owned store additions over the past year; total store network expanded to 374 with company-owned proportion at an all-time high of 60%; plan to grow network toward 400+ stores and open ~16 this fiscal year (and ~10/year thereafter).
Successful Acquisition Integration
Completed integration of a 15-store Southeast acquisition that adds ~$80 million in annualized retail sales and approximately $40 million net to the enterprise; acquisition cost was $86 million.
Strong Cash Generation and Balance Sheet
Generated $89 million in operating cash flow for the quarter, up 57% year-over-year; ended the quarter with $306 million in cash and no externally funded debt.
Profitability and Margins (GAAP & Adjusted)
GAAP operating margin of 5.5% and adjusted operating margin of 6.1%, toward the high end of guidance; consolidated GAAP operating income $30 million and adjusted operating income $33 million; diluted GAAP EPS $0.52 and adjusted EPS $0.61.
Progress on Distribution & Home Delivery Transformation
Completed the Western U.S. phase (new Arizona hub) and broke ground on Dayton, TN hub; project expected to deliver 50–75 basis points of Wholesale margin improvement and up to ~50 basis points to the enterprise long-term.
Portfolio Optimization & Strategic Actions
Completed sale of Kincaid upholstery business, signed LOI for sale of noncore casegoods (American Drew and Kincaid), and announced planned closure of U.K. manufacturing; strategic initiatives expected to deliver 75–100 basis points of adjusted operating margin improvement (annualized) once substantially complete, and ~ $30 million net annualized sales impact.
Shareholder Returns Resumed
Year-to-date returned $55 million to shareholders ( $28M dividends, $27M buybacks ); resumed normalized share repurchases of $14 million in the quarter with ~3 million shares remaining under authorization.
Brand & Recognition Momentum
Brand refresh received positive press (Ad Age top 5 rebrands of 2025) and La-Z-Boy named one of America's most iconic companies by Time Magazine for 2026, supporting marketing/brand momentum.
LZB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LZB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $37.93 | $35.53 | -6.33% |
Nov 18, 2025 | $29.41 | $35.35 | +20.21% |
Aug 19, 2025 | $38.63 | $33.96 | -12.09% |
Jun 17, 2025 | $38.29 | $37.81 | -1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does La-Z-Boy Incorporated (LZB) report earnings?
La-Z-Boy Incorporated (LZB) is schdueled to report earning on Jun 23, 2026, After Close (Confirmed).
What is La-Z-Boy Incorporated (LZB) earnings time?
La-Z-Boy Incorporated (LZB) earnings time is at Jun 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LZB EPS forecast?
LZB EPS forecast for the fiscal quarter 2026 (Q4) is 0.85.