La-Z-Boy Q1 Retail Momentum Drives 3% Same-Store Sales Growth, Guides Q2 Sales to $500-$520M
LZB sits 40% above its 52-week low of $29.03.
Summary
La-Z-Boy reported fiscal Q1 2027 results with retail written same-store sales up 3% and total written sales up 16%, showing strong momentum in its company-owned store segment. Consolidated sales fell 3% to $476 million, and the company swung to a loss from declining sales, while adjusted diluted EPS of $0.43 beat the prior year's $0.47 on a comparable basis after excluding one-time charges. The company guided Q2 sales to $500-$520 million and adjusted operating margin of 4.0-5.5%, reflecting continued investment in new stores and digital transformation. This follows the June 2026 exit of the wholesale casegoods business and the $300 million share repurchase authorization, with $35 million returned to shareholders this quarter. The positive retail same-store sales growth and solid backlog entering Q2 suggest the company is gaining share despite a challenging consumer environment.
At the time of this announcement, LZB was trading at $40.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $29.03 to $44.90. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.