Zacks Investment Research·Jun 18, 2026
LZB Q4 Earnings Call Highlights Retail-Led Margin MomentumLa-Z-Boy's Q4 earnings call highlights retail-led growth, margin gains and supply-chain moves as management looks to outgrow a soft furniture market.
La-Z-Boy Incorporated(LZB)Earnings, Financials & Key Ratios
LZB•NYSE
$39.09
15.8× P/E·Price updated Jul 7, 2026
AboutLa-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.Show more
- Revenue$2.13B+0.8%
- EBITDA$139M-46.3%
- Net Income$102M+2.4%
- EPS (Diluted)2.47+5.1%
- Gross Margin44.04%+0.3%
- EBITDA Margin6.55%-46.7%
- Operating Margin6.08%-5.7%
- Net Margin4.8%+1.6%
- ROE9.74%
LZB Price & Volume
La-Z-Boy Incorporated (LZB) stock price & volume — 10-year historical chart
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Retail Pivot Strategy Faces Cyclical Margin Headwinds
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical housing market sensitivity
Key Thesis Takeaways
- La-Z-Boy is navigating a challenging transition toward an asset-heavy retail model, evidenced by a rise in net property, plant, and equipment to $877.4 million as of 2026Q4.
- While the company maintains a fortress balance sheet with a 0.53 debt-to-equity ratio, the reliance on high-fixed-cost retail operations creates significant operating leverage risk during periods of stagnant revenue growth.
- Investors should monitor whether the firm can successfully scale its Century Vision strategy to improve operating margins, which have compressed from 9.1% in 2024Q4 to 7.2% in 2026Q4.
Verdict Logic
while the company exhibits a stable equity base of $1.0 billion, the current 16.58 P/E ratio and inconsistent cash conversion suggest limited upside until the retail pivot demonstrates sustained operating margin expansion above the recent 7.2% level.
LZB Growth Metrics
La-Z-Boy Incorporated (LZB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.38%
5 Years4.16%
3 Years-3.27%
TTM0.83%
Profit CAGR
10 Years2.55%
5 Years-0.86%
3 Years-12.2%
TTM2.44%
EPS CAGR
10 Years4.77%
5 Years1.44%
3 Years-10.8%
TTM4.66%
Return on Capital
10 Years13.75%
5 Years11.71%
3 Years9.31%
Last Year8.3%
LZB Recent Earnings
La-Z-Boy Incorporated (LZB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q3 2026Latest
Jun 16, 2026Metric
Actual
Est
EPS
$1.26+53.7%
$0.82
Rev
$570M+0.2%
$569M
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.61+3.4%
$0.59
Rev
$542M+1.2%
$535M
Q4 2025
Nov 18, 2025Metric
Actual
Est
EPS
$0.71+31.5%
$0.54
Rev
$522M+0.9%
$518M
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.47-11.3%
$0.53
Rev
$492M-7.5%
$532M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 16, 2026 | $1.26vs $0.82+53.7% | $570Mvs $569M+0.2% |
| Q1 2026 | Feb 17, 2026 | $0.61vs $0.59+3.4% | $542Mvs $535M+1.2% |
| Q4 2025 | Nov 18, 2025 | $0.71vs $0.54+31.5% | $522Mvs $518M+0.9% |
| Q3 2025 | Aug 19, 2025 | $0.47vs $0.53-11.3% | $492Mvs $532M-7.5% |
Based on last 12 quarters of dataView full earnings history →
Latest LZB News
Recent stock market news and headlines for La-Z-Boy Incorporated (LZB)
Seeking Alpha·Jun 17, 2026
La-Z-Boy Incorporated (LZB) Q4 2026 Earnings Call TranscriptLa-Z-Boy Incorporated (LZB) Q4 2026 Earnings Call Transcript
GuruFocus·Jun 17, 2026
La-Z-Boy (LZB) Reports Strong Q4 Earnings and Announces Share BuybackLa-Z-Boy (LZB) is experiencing a notable surge following its impressive Q4 (April) earnings report, which exceeded expectations significantly. The company repo
The Motley Fool·Jun 17, 2026
Why La-Z-Boy Stock Just PoppedLa-Z-Boy's focus on retail sales boosted profit margins significantly in Q4. La-Z-Boy parlayed this into an earnings beat last night.
Peers Comparison
Key metrics vs top competitors for La-Z-Boy Incorporated (LZB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.09 | $1.56B | 15.83 | 0.83% | 4.8% | 9.74% | 2.35% | |
| $17.04 | $436.5M | 8.48 | -4.89% | 6.81% | 8.46% | — | |
| $20.38 | $1.39B | 15.44 | 4.68% | 2.38% | 6.62% | — | |
| $40.28 | $1.9B | 36.29 | 12.37% | -0.43% | -1.17% | — | |
| $0.13 | $2.93M | -0.02 | -16.1% | -12.98% | — | — | |
| $222.49 | $26.2B | 25.17 | 1.24% | 13.81% | 53.29% | — |
Compare LZB vs Peers
La-Z-Boy Incorporated (LZB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LZB SEC Filings & Documents
La-Z-Boy Incorporated (LZB) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 16, 2026·SEC
Material company update
Feb 17, 2026·SEC
Material company update
Dec 9, 2025·SEC
10-K Annual Reports
410-Q Quarterly Reports
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LZB Frequently Asked Questions
La-Z-Boy Incorporated (LZB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is La-Z-Boy Incorporated's revenue?
La-Z-Boy Incorporated (LZB) reported $2.13B in revenue for fiscal year 2026. This represents a 111% increase from $1.01B in 1997.
How fast is La-Z-Boy Incorporated growing?
La-Z-Boy Incorporated (LZB) grew revenue by 0.8% over the past year. Growth has been modest.
Is LZB profitable?
Yes, La-Z-Boy Incorporated (LZB) is profitable, generating $102.0M in net income for fiscal year 2026 (4.8% net margin).
Dividend & Returns
Does LZB pay dividends?
Yes, La-Z-Boy Incorporated (LZB) pays a dividend with a yield of 2.35%. This makes it attractive for income-focused investors.
What is LZB's return on equity?
La-Z-Boy Incorporated (LZB) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
What is La-Z-Boy Incorporated's free cash flow?
La-Z-Boy Incorporated (LZB) generated $127.8M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.