La-Z-Boy Incorporated (LZB) Earnings Call Transcripts

La-Z-Boy Incorporated's Latest Earnings Call - Q4 FY2026

La-Z-Boy Incorporated reported its fiscal 2026 fourth-quarter results, highlighting strong execution and strategic progress. The company reported flat consolidated sales at $570 million, with a notable 9% increase in the Retail segment driven by acquisitions and new store openings. Adjusted operating margin improved to 9.9%, up from 9.4% the previous year. Management provided guidance for fiscal 2027 Q1, expecting sales between $490 million and $510 million and an adjusted operating margin of 4% to 5.5%. The company remains focused on retail expansion and supply chain optimization.

Reported metrics

Guidance from management

For fiscal 2027 Q1, La-Z-Boy expects sales between $490 million and $510 million and an adjusted operating margin of 4% to 5.5%. The company plans to open approximately 10 new La-Z-Boy stores during the year.

What management said

Thanks, Anthony. Yes. So I think first and foremost, there have been some news and supply, particularly in the poly suppliers and issues over the past couple one, I'd say, most importantly, we have no supply risk. We fully meet the demand in front of us, which positive, we do see, particularly on poly, but also just broader base inflation, a lot of weight to kind of petroleum inflationary pressure in the near term, w...

What analysts pressed on

Analysts expressed concerns about margin pressures despite strong retail performance, particularly related to supply chain investments and Joybird's performance. There were questions about the impact of inflationary pressures and the company's ability to manage these costs.

Main topics on the call

• Retail Segment Growth — The Retail segment saw a 9% increase in delivered sales, driven by acquisitions and new store openings. Management highlighted the opening of 4 new stores during the quarter, bringing the total to 230 company-owned locat...
• Wholesale Segment Performance — The Wholesale segment experienced a 2% decrease in delivered sales, attributed to modest declines across most businesses. However, the adjusted operating margin improved to 10.1%, driven by favorable inventory adjustment...
• Joybird Business Challenges — Joybird's delivered sales decreased by 10%, with management citing lower delivered sales volume. A $20 million noncash impairment charge was recorded due to the current macroeconomic environment's impact on Joybird's cor...
• Century Vision Strategy — La-Z-Boy continues to execute its Century Vision strategy, aiming to double industry growth rates and expand operating margins. The company opened 15 new stores and acquired 15 independent stores, with plans to open appr...

Read the full La-Z-Boy Incorporated transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 La-Z-Boy Incorporated earnings call transcripts on record, spanning February 19, 2020 to June 17, 2026. Based on this history, La-Z-Boy Incorporated reports quarterly. The most recent call on file is dated June 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LZB

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

30

First call

February 19, 2020

Most recent

June 17, 2026

Reporting cadence

quarterly