La-Z-Boy Reports Q1 Fiscal 2026 Results

TL;DR

La-Z-Boy dropped its Q1 FY26 10-Q. Check financials.

AI Summary

La-Z-Boy Inc. reported its first quarter results for the fiscal year ending April 25, 2026, with the period ending July 26, 2025. The company's filing covers its financial performance and position as of this date. Specific financial figures and operational details for the quarter are detailed within the report.

Why It Matters

This filing provides investors with the latest financial performance data for La-Z-Boy, crucial for understanding the company's current health and future prospects in the furniture market.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Numbers

• 20250726 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 20250819 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 0425 — Fiscal Year End (The company's fiscal year concludes in April.)

Key Players & Entities

• LA-Z-BOY INC (company) — Filer
• 20250726 (date) — Reporting period end date
• 20250819 (date) — Filing date
• MONROE (location) — Company headquarters city
• MI (location) — Company headquarters state

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 Par Value LZB New York Stock Exchange

Filing Documents

• lzb-20250726.htm (10-Q) — 1039KB
• lzb-2026725x10qxexx311.htm (EX-31.1) — 8KB
• lzb-2026725x10qxexx312.htm (EX-31.2) — 8KB
• lzb-2026725x10qxexx32.htm (EX-32) — 5KB
• lzb-20250726_g1.jpg (GRAPHIC) — 21KB
• 0000057131-25-000081.txt ( ) — 6672KB
• lzb-20250726.xsd (EX-101.SCH) — 41KB
• lzb-20250726_cal.xml (EX-101.CAL) — 62KB
• lzb-20250726_def.xml (EX-101.DEF) — 189KB
• lzb-20250726_lab.xml (EX-101.LAB) — 537KB
• lzb-20250726_pre.xml (EX-101.PRE) — 389KB
• lzb-20250726_htm.xml (XML) — 1105KB

Financial Information (Unaudited)

PART I Financial Information (Unaudited) 3 Item 1.

Financial Statements

Financial Statements 3 Consolidated Statement of Income 3 Consolidated Statement of Comprehensive Income 4 Consolidated Balance Sheet 5 Consolidated Statement of Cash Flows 6 Consolidated Statement of Changes in Equity 7

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 8 Note 1. Basis of Presentation 8 Note 2. Acquisitions 8 Note 3 . Inventories 9 Note 4 . Goodwill and Other Intangible Assets 9 Note 5 . Investments 1 0 No t e 6. Debt 11 Note 7. Product Warranties 11 Note 8. Stock-Based Compensation 12 Note 9. Accumulated Other Comprehensive Loss 13 Note 10. Revenue Recognition 13 Note 11. Segment Information 15 Note 12. Income Taxes 17 Note 13. Earnings per Share 18 Note 14. Fair Value Measurements 18 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Cautionary Note Regarding Forward-Looking Statements 20 Introduction 20 Results of Operations 23 Liquidity and Capital Resources 25 Critical Accounting Policies 27 Recent Accounting Pronouncements 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 28

Other Information

PART II Other Information 29 Item 1A.

Risk Factors

Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 5. Other Information 29 Item 6. Exhibits 29 Signature Page 30 2 Table of Contents

- FINANCIAL INFORMATION (UNAUDITED)

PART I - FINANCIAL INFORMATION (UNAUDITED)

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS LA-Z-BOY INCORPORATED CONSOLIDATED STATEMENT OF INCOME Quarter Ended (Unaudited, amounts in thousands, except per share data) 7/26/2025 7/27/2024 Sales $ 492,229 $ 495,532 Cost of sales 283,032 282,189 Gross profit 209,197 213,343 Selling, general and administrative expense 187,210 180,973 Operating income 21,987 32,370 Interest expense ( 120 ) ( 210 ) Interest income 3,108 4,424 Other income (expense), net ( 585 ) ( 618 ) Income before income taxes 24,390 35,966 Income tax expense 6,093 9,162 Net income 18,297 26,804 Net income attributable to noncontrolling interests ( 93 ) ( 645 ) Net income attributable to La-Z-Boy Incorporated $ 18,204 $ 26,159 Basic weighted average common shares 41,027 42,052 Basic net income attributable to La-Z-Boy Incorporated per share $ 0.44 $ 0.62 Diluted weighted average common shares 41,425 42,564 Diluted net income attributable to La-Z-Boy Incorporated per share $ 0.44 $ 0.61 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 3 Table of Contents LA-Z-BOY INCORPORATED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Quarter Ended (Unaudited, amounts in thousands) 7/26/2025 7/27/2024 Net income $ 18,297 $ 26,804 Other comprehensive income Currency translation adjustment 1,156 1,533 Net unrealized gain on marketable securities, net of tax 13 113 Net pension amortization, net of tax 19 15 Total other comprehensive income 1,188 1,661 Total comprehensive income before noncontrolling interests 19,485 28,465 Comprehensive (income) attributable to noncontrolling interests ( 502 ) ( 971 ) Comprehensive income attributable to La-Z-Boy Incorporated $ 18,983 $ 27,494 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 4 Table of Contents LA-Z-BOY INCORPORATED CONSOLIDATED BALANCE SHEET (Unaudited, amounts in thousands, except par value) 7/26/2025 4/26/2025 Current

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note 1: Basis of Presentation The accompanying consolidated financial statements include the consolidated accounts of La-Z-Boy Incorporated and our majority-owned subsidiaries (collectively, the "Company"). We derived the April 26, 2025 balance sheet from our audited financial statements. We prepared the interim financial information in conformity with generally accepted accounting principles ("US GAAP"), which we applied on a basis consistent with those reflected in our fiscal 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), but the information does not include all of the disclosures required by US GAAP. In management's opinion, the interim financial information includes all adjustments and accruals, consisting only of normal recurring adjustments (except as otherwise disclosed), that are necessary for a fair statement of results for the respective interim periods. The interim results reflected in the accompanying financial statements are not necessarily indicative of the results of operations that will occur for the full fiscal year ending April 25, 2026. Accounting Pronouncements Adopted in Fiscal 2026 The following table summarizes Accounting Standards Updates ("ASUs"), which were adopted in fiscal 2026, but did not have a material impact on our accounting policies or our consolidated financial statements and related disclosures. ASU Description Adoption Date ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Fiscal 2026 Accounting Pronouncements not yet Adopted The following table summarizes additional accounting pronouncements which we have not yet adopted, but we believe will not have a material impact on our accounting policies or our consolidated financial statements and related disclosures. ASU Description Adoption Date ASU 2025-05 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Acc

View Full Filing

View this 10-Q filing on SEC EDGAR