Q2 2026 La-Z-Boy Inc Earnings Call Transcript

Nov 19, 2025 / 01:30 PM GMT

Release Date Price: $35.57 (+20.21%)

Transcript 10-Q8-K

Key Points

Positve

La-Z-Boy Inc (LZB) reported solid second quarter results with total delivered sales of $522 million, showing modest growth.
The company achieved a 10% dividend increase, marking the fifth consecutive year of double-digit increases.
La-Z-Boy Inc (LZB) completed a significant acquisition of a 15-store network in the Southeast US, expected to add $80 million in annual retail sales.
The company is making strong progress on its distribution and home delivery transformation project, which is expected to improve efficiency and margins.
La-Z-Boy Inc (LZB) has strategically realigned its senior commercial leadership and corporate staffing to enhance operating efficiency.

Negative

Written same store sales for the company-owned retail segment decreased by 2% for the quarter.
The Joybird segment reported a 10% decrease in delivered sales, primarily due to lower sales volume.
Retail adjusted operating margin decreased to 10.7% from 12.6% due to fixed cost deleverage and investments in new stores.
The company is facing friction costs related to its portfolio optimization and supply chain transformation.
Consumer trends remain challenging, with demand described as choppy and mixed results in early November.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LZB.N - La-Z-Boy Inc
Q2 2026 La-Z-Boy Inc Earnings Call
Nov 19, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings. Welcome to the Lazy Boy Fiscal 20,262 quarter conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. Please note this conference is being recorded. I will now hand the conference over to your host, Mark Beck, director of investor relations and corporate development of Lazy Boy Incorporated. You may begin.

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Unidentified_2 [2]
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Thank you, Holly. Good morning, everyone,

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