LA-Z-BOY INC — Form 8-K
Filed August 18, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
La-Z-Boy reported Q1 FY27 (ended 7/25/26) consolidated sales of $476M (−3% YoY), with retail written sales up 16% and same-store sales growth of 3% but wholesale down 5% (ex-divestiture). GAAP EPS was −$0.06; adjusted EPS was $0.43 vs. $0.47 prior year. The company incurred $17.6M in plant closure charges, $4.1M pension termination charges, and $2.6M divestiture charges. Management returned $35M to shareholders (up 62%) via $25M repurchases and $10M dividends. Q2 guidance: sales $500–$520M (−1% to +2% growth ex-divestiture); adjusted operating margin 4.0–5.5%.
Why this rating
Retail strength (+3% SSS, +16% written) is encouraging, but wholesale weakness (−5% ex-divestiture), margin compression (−90 bps adjusted), and large one-time charges offset gains. Cautious Q2 guidance amid macro uncertainty. Net: real operational headwinds moderately outweigh retail gains for a $1.3B company.
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