La-Z-Boy Incorporated (LZB)
NYSE:LZB
Want to see LZB full AI Analyst Report?
Earnings Data
Report Date
Aug 25, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.47Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally positive picture driven by strong retail execution, record store expansion and acquisitions, margin improvements (adjusted operating margin and gross margin), robust cash generation, no external debt, and significant shareholder returns including a new $300M buyback program. Offsetting these strengths are notable challenges at Joybird (declining delivered sales and a $20M goodwill impairment), softer wholesale volumes, non-repeatable margin benefits from case goods divestiture, elevated SG&A mix pressure, and near-term friction from supply‑chain and plant consolidation initiatives. Management communicated clear multi-year strategies (store growth, supply‑chain centralization, plant consolidation, and Joybird integration) expected to deliver future efficiency and margin gains, while acknowledging short-term headwinds and conservatively guiding Q1 and FY27 comparability impacts.Company Guidance
Retail Segment Sales and Margin Expansion
Retail delivered sales rose 9% in the fiscal 2026 fourth quarter to $270 million, driven by acquisitions and new stores; retail adjusted operating margin strengthened to 13.9% from 13.1% a year ago.
Company-Store Growth and Network Expansion
Opened 15 net new company-owned stores in fiscal 2026 (highest annual net new store count in company history), ended the year with 230 company-owned locations (61% of network) and nearly 380 total La‑Z‑Boy stores across North America; plan to open ~10 new stores annually going forward.
Consolidated Financial Performance and Margin Improvement
Consolidated fiscal Q4 sales were flat at $570 million; GAAP operating margin improved to 7.2% and adjusted operating margin improved to 9.9% versus 9.4% prior year; consolidated adjusted gross margin increased ~230 basis points year-over-year.
Strong Cash Generation and Balance Sheet
Generated $204 million of operating cash flow in fiscal 2026 (up 9% versus prior year); ended the year with $303 million in cash and no externally funded debt.
Shareholder Returns and Capital Allocation
Returned $85 million to shareholders in fiscal 2026 (including $47M in repurchases and $38M in dividends); approved a new $300 million share repurchase program (~20% of shares outstanding) and intends to balance reinvestment and returns (50/50 target of operating cash flow).
Strategic Portfolio Actions and Supply-Chain Transformation
Completed sale of wholesale case goods businesses (American Drew and Kincaid), finished the western phase of the multi-year distribution/home delivery transformation (Arizona hub), and initiated consolidation of smaller upholstery plants and integration of Joybird manufacturing into La‑Z‑Boy plants to drive future efficiency and margin gains.
Brand and Product Momentum
Marketing and brand wins: Ad Age top five rebrand of 2025, Shorty Awards gold in Brand Redesign, named to USA Today's America's Best Stores 2026; product innovation at High Point Market (AudioLuxe and Comfort Essentials) and continued Joybird distribution expansion (opened 16th dedicated Joybird store).
Wholesale Margin Improvement (Near-Term Benefit)
Wholesale adjusted operating margin improved to 10.1% in Q4 from 8.5% a year ago, driven in part by favorable inventory adjustments and pricing in the case goods business (note: part of this benefit is non-repeatable due to the divestiture).
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 |
|---|---|---|---|
Jun 16, 2026 | $35.06 | $40.24 | +14.77% |
Feb 17, 2026 | $37.43 | $35.06 | -6.33% |
Nov 18, 2025 | $29.02 | $34.89 | +20.21% |
Aug 19, 2025 | $38.12 | $33.51 | -12.10% |
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 Aug 25, 2026, After Close (Confirmed).
What is La-Z-Boy Incorporated (LZB) earnings time?
La-Z-Boy Incorporated (LZB) earnings time is at Aug 25, 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 2027 (Q1) is 0.49.