Logo

LZB

La-Z-Boy Incorporated

LZB

La-Z-Boy Incorporated • NYSE
$38.92 ▼ -1.52% (-0.60)
Market Cap $1.60 B
52w High $48.31
52w Low $29.03
Dividend Yield 0.88%
P/E 18.02
Volume 398.57K
Outstanding Shares 41.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $522.48M ▲ $194.959M ▲ $28.858M ▲ 5.523% ▲ $0.7 ▲ $71.86M ▲
Q1-2026 $492.229M ▼ $187.21M ▼ $18.204M ▲ 3.698% ▲ $0.44 ▲ $56.073M ▼
Q4-2025 $570.871M ▲ $221.535M ▲ $14.931M ▼ 2.615% ▼ $0.36 ▼ $59.24M ▼
Q3-2025 $521.777M ▲ $196.197M ▲ $28.429M ▼ 5.448% ▼ $0.69 ▼ $69.81M ▼
Q2-2025 $521.027M $191.876M $30.037M 5.765% $0.72 $71.215M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $341.16M ▲ $1.959B ▲ $907.301M ▲ $1.04B ▲
Q1-2026 $321.27M ▼ $1.926B ▲ $897.931M ▲ $1.016B ▼
Q4-2025 $331.066M ▲ $1.922B ▼ $890.186M ▼ $1.021B ▼
Q3-2025 $317.194M ▲ $1.959B ▲ $926.705M ▲ $1.021B ▲
Q2-2025 $305.477M $1.928B $907.913M $1.01B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $28.858M ▲ $50.032M ▲ $-19.991M ▼ $-9.839M ▲ $19.962M ▲ $29.566M ▲
Q1-2026 $18.204M ▲ $36.292M ▼ $-18.819M ▲ $-27.716M ▼ $-9.905M ▼ $17.831M ▼
Q4-2025 $15.35M ▼ $62.002M ▲ $-27.199M ▼ $-21.404M ▼ $13.86M ▲ $39.26M ▲
Q3-2025 $28.429M ▼ $57.016M ▲ $-25.664M ▲ $-19.515M ▲ $11.527M ▲ $38.247M ▲
Q2-2025 $29.853M $15.935M $-28.333M $-27.378M $-39.208M $-1.214M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Bedroom Furniture
Bedroom Furniture
 $20.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Delivery
Delivery
 $50.00M ▲$50.00M ▲$50.00M ▲$50.00M ▲
Product and Service Other
Product and Service Other
 $180.00M ▲$40.00M ▼$40.00M ▲$50.00M ▲
Stationary Upholstery Furniture
Stationary Upholstery Furniture
 $410.00M ▲$480.00M ▲$500.00M ▲$500.00M ▲
Wholesale Segment
Wholesale Segment
 $-110.00M ▲$-100.00M ▲$-110.00M ▼$-110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively steady over the past few years, with a clear peak around the post‑pandemic furniture boom and a mild step down since then. Despite softer sales compared with the peak, La‑Z‑Boy has protected its profitability fairly well: gross profitability has held up, and operating profits remain solid, not far from earlier levels. However, earnings per share have drifted down from their highs, showing that the business is now operating in a more normal, less “hot” demand environment. Overall, the income statement suggests a mature, profitable business that weathered the cycle well but is no longer enjoying the exceptional lift it had during the pandemic years.

Balance Sheet

Balance Sheet The balance sheet looks conservative and stable. Total assets have been broadly flat, which signals a steady, not overly aggressive, expansion path. Cash levels are healthy and provide a useful cushion for downturns or investment. Debt has crept up somewhat over time but remains moderate relative to the overall size of the company. Shareholders’ equity has been trending higher, indicating that the company has retained value and strengthened its capital base. In simple terms, financial footing appears sound, with no obvious signs of strain.

Cash Flow

Cash Flow Cash generation from the core business is consistent and generally healthy, even though it has moved up and down with the furniture cycle. Operating cash flow is solidly positive, and free cash flow has been positive in most recent years after a weaker patch earlier in the period. Investment spending on factories, stores, and systems is steady but not excessive, suggesting disciplined reinvestment rather than heavy, risky bets. Overall, La‑Z‑Boy converts a good share of its accounting profits into actual cash, which supports flexibility for dividends, buybacks, or future growth projects.

Competitive Edge

Competitive Edge La‑Z‑Boy benefits from a rare combination in furniture: a widely recognized brand, a reputation for comfort and durability, and a large, dedicated store network. Its patented reclining mechanisms and “only‑at‑La‑Z‑Boy” features create some protection from copycats, while its vertically integrated and mostly North American manufacturing base helps with quality control and delivery times. The company sells through its own galleries, licensees, other retailers, and online channels, giving it broad reach. That said, it still operates in a cyclical, style‑driven industry with plenty of competition, especially from lower‑priced imports and design‑focused upstarts, so it must keep refreshing its look and value proposition to stay ahead.

Innovation and R&D

Innovation and R&D Innovation at La‑Z‑Boy is less about laboratory research and more about mechanics, materials, and customer experience. The company has a long track record of patented reclining systems, space‑saving designs, and comfort features that differentiate its chairs and sofas. It is adding technology through power motion, charging ports, and early steps toward smart, connected furniture. On the materials side, performance fabrics and wellness‑oriented textiles show a push into higher‑value, problem‑solving products. The Joybird acquisition strengthens digital design, e‑commerce, and appeal with younger, design‑conscious buyers. Its long‑term “Century Vision” strategy ties these efforts together, but success will depend on how well La‑Z‑Boy can balance its classic comfort image with modern aesthetics and technology without confusing its core customer.

Summary

La‑Z‑Boy today looks like a solid, profitable, and fairly conservatively run consumer brand that has successfully navigated the ups and downs of the recent furniture cycle. The company moved from a pandemic‑boosted high point back toward a more normal level of sales and earnings, but it has done so without damaging its margins or financial strength. Its key advantages are a powerful brand, proprietary comfort technology, a controlled supply chain, and growing omni‑channel capabilities. The main risks are industry cyclicality, shifting consumer tastes, pressure from lower‑cost competitors, and execution risk as it tries to modernize its product line and move into smart and wellness‑focused furniture. Overall, it appears to be a mature franchise working to reinvent parts of itself while maintaining a strong financial base.

NEWS

November 18, 2025 · 4:15 PM UTC

La-Z-Boy Incorporated Reports Solid Second Quarter Results; Advances Largest Ever Retail Acquisition And Transformative Strategic Initiatives

Read more

November 4, 2025 · 9:15 AM UTC

La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Second Quarter Earnings Release and Conference Call

Read more

October 13, 2025 · 4:26 PM UTC

La-Z-Boy Incorporated Announces Strategic Leadership Realignment

Read more