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La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives

La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives

Fiscal 2026 Fourth Quarter Highlights : Retail segment written sales increased 11% and delivered sales increased 9%; GAAP and adjusted (1) operating margin improved versus prior year Company-owned network grew by four stores; 230 company-owned store base now represents 61% of total 378 store network Wholesale segment delivered sales down slightly, while adjusted operating margin improved versus prior year GAAP operating margin of 7.2% and adjusted (1) operating margin of 9.9%, up 50 bps versus prior year GAAP diluted EPS of $0.81 and adjusted (1) diluted EPS of $1.26 Completed strategic exit of American Drew and Kincaid wholesale casegoods businesses in May (subsequent to quarter end) and finalized U.K. supply chain restructuring in April Established new share repurchase program authorizing the repurchase of up to $300 million of Company stock, replacing prior program Fiscal 2026 Highlights : Delivered consolidated sales of $2.1 billion, up 1% versus prior year Retail segment written sales increased 8% and delivered sales increased 6% Added 15 newly opened stores and acquired 15 independent La-Z-Boy stores (both the largest annual expansions in company history) Wholesale segment delivered sales were flat while delivering adjusted (1) operating margin improvement GAAP operating margin of 6.1% and adjusted (1) operating margin of 7.1% GAAP diluted EPS of $2.47 and adjusted (1) diluted EPS of $3.04 Generated $204 million in operating cash flow for the year, up 9% versus prior year Strong capital deployment with $163 million reinvested back into the business through acquisitions and capital expenditures and $85 million returned to shareholders through share repurchases and dividends Fifth consecutive year of increasing quarterly dividend by 10% MONROE, Mich., June 16, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported fourth quarter results for the period ended April 25, 2026.

Jun 16, 2026 12:15 PM prnewswire.com
La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Fourth Quarter and Full Year Earnings Release and Conference Call

La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Fourth Quarter and Full Year Earnings Release and Conference Call

MONROE, Mich., June 2, 2026 /PRNewswire/ -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, will report its Fiscal 2026 Fourth Quarter and Full Year results for the period ended April 25, 2026 after the close of trading on the New York Stock Exchange on Tuesday, June 16, 2026, and will hold its quarterly investor conference call at 8:30 a.m.

Jun 02, 2026 05:39 AM prnewswire.com
La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses

La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses

Key Highlights: American Drew and Kincaid wholesale casegoods businesses to be sold to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture Transaction is scheduled to close in mid-May La-Z-Boy will continue to offer casegoods products in its 374 stores across North America as part of its whole home solution for consumers Seamless transition expected for existing customers, dealers, and suppliers Transaction advances La-Z-Boy Incorporated progress of focusing on its core, vertically integrated North American upholstery business MONROE, Mich., April 21, 2026 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, announced the sale of its American Drew and Kincaid wholesale casegoods businesses to Banner House (formerly Magnussen Home Furnishings, Inc.), a multi-branded portfolio of home furniture.

Apr 21, 2026 12:15 PM globenewswire.com

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