Strong Retail Segment Growth
Retail segment sales grew 8% in Q4 and 5% for the year, driven by new stores and acquisitions. The company opened its 200th company-owned La-Z-Boy Furniture Galleries store.
Positive Full Year Financial Performance
Consolidated delivered sales for the year grew 3% to $2.1 billion. Operating cash flow increased by 18% to $187 million, and $113 million was returned to shareholders.
Expansion of Company-Owned Retail Network
The company-owned store footprint now represents 55% of the La-Z-Boy Furniture Galleries network, up from 34% a decade ago.
Effective Cost Management
The company maintained a strong balance sheet with $328 million in cash and no external debt, and adjusted operating margin reached the high end of guidance despite volatility.
Recognition and Brand Strength
La-Z-Boy was named to Newsweek's list of America's Most Loved Brands and Most Trustworthy Companies for 2025.