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La-Z-Boy misses Q1 revenue and EPS estimates but sees 3% retail sales growth and returns $35M to shareholders.

Company Fundamentals
18 Aug 2026
Gordon Thompson
View Source
Neutral
La-Z-Boy misses Q1 revenue and EPS estimates but sees 3% retail sales growth and returns $35M to shareholders.

La-Z-Boy reported Q1 2026 earnings with EPS of $0.43 and revenue of $475.69 million, both below analyst expectations and last year's figures. Despite the overall revenue miss and a 3% sales decline, the company's Retail segment showed strength with a 3% increase in same-store sales driven by higher design sales and better conversion rates. La-Z-Boy also returned $35 million to shareholders through buybacks and dividends, expanded its retail footprint by opening four new stores, and consolidated manufacturing by closing a plant. These moves indicate a focus on retail growth and operational efficiency amid challenging market conditions.

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