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La-Z-Boy Incorporated

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States and internationally. It operates through Wholesale and Retail segments. The Wholesale segment produces and imports upholstered furniture such as recliners, motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas, as well as casegoods (wood) furniture including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells directly to La-Z-Boy Stores, operators of La-Z-Boy Comfort Studio and branded space locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other home furnishing accessories to end consumers through its retail stores. It licenses the La-Z-Boy brand name on various products and operates Joybird, an omni-channel, direct-to-consumer retailer and manufacturer of upholstered furniture, selling primarily online through www.joybird.com and small-format stores in key markets. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

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Price · split & dividend adjusted

Why is La-Z-Boy Incorporated (LZB) moving?

Latest
▲3

La-Z-Boy Jumps on Big Earnings Beat, Buyback, and Store Expansion

  • Earnings Beat and Margin Surge La-Z-Boy reported fiscal Q4 adjusted EPS of $1.26, crushing the $0.82 consensus, with operating profit up 40% and margin expanding to 9.9%. This profit strength signals the company is managing costs well and boosting investor confidence, pushing the stock higher.

    The earnings beat is the primary catalyst for the stock's surge this period.

  • New $300 Million Buyback Management authorized a $300 million share repurchase program. This reduces the number of shares outstanding, which can lift earnings per share and signals that the company believes its stock is undervalued, supporting the price.

    The buyback is a new capital return initiative that directly supports the stock price.

  • Aggressive Store Expansion La-Z-Boy disclosed its most aggressive store expansion in nearly 100 years, growing company-owned stores to 230 and adding 15 new locations plus buying 15 independent ones. This expansion aims to drive future sales and market share, boosting growth prospects.

    The store expansion plan is a new growth driver that supports future revenue and earnings.

  • Weak Guidance Tempers Optimism Despite the strong quarter, management guided fiscal Q1 2027 adjusted operating margin to just 4%-5.5%, far below the 9.9% just reported. This suggests profit may fall sharply in the near term, which could limit further stock gains.

    The weak margin guidance is a real counterweight that investors should consider.

Q2 2026
▲3

La-Z-Boy Jumps on Big Earnings Beat, Buyback, and Store Expansion

  • Earnings Beat and Margin Surge La-Z-Boy reported fiscal Q4 adjusted EPS of $1.26, crushing the $0.82 consensus, with operating profit up 40% and margin expanding to 9.9%. This profit strength signals the company is managing costs well and boosting investor confidence, pushing the stock higher.

    The earnings beat is the primary catalyst for the stock's surge this period.

  • New $300 Million Buyback Management authorized a $300 million share repurchase program. This reduces the number of shares outstanding, which can lift earnings per share and signals that the company believes its stock is undervalued, supporting the price.

    The buyback is a new capital return initiative that directly supports the stock price.

  • Aggressive Store Expansion La-Z-Boy disclosed its most aggressive store expansion in nearly 100 years, growing company-owned stores to 230 and adding 15 new locations plus buying 15 independent ones. This expansion aims to drive future sales and market share, boosting growth prospects.

    The store expansion plan is a new growth driver that supports future revenue and earnings.

  • Weak Guidance Tempers Optimism Despite the strong quarter, management guided fiscal Q1 2027 adjusted operating margin to just 4%-5.5%, far below the 9.9% just reported. This suggests profit may fall sharply in the near term, which could limit further stock gains.

    The weak margin guidance is a real counterweight that investors should consider.

News & notes moving LZB
United States
Biotech & Genomic Medicine▼impact 4

Moderna Surges on Cancer Vaccine; Estee Lauder Rallies on Earnings

Moderna shares surged by a record 101 percent, the stock's biggest intraday gain on record, after the biotech said a personalized cancer vaccine combined with partner Merck & Co.'s Keytruda helped cut the recurrence of melanoma in a large, late-stage trial. The study also met a key secondary goal of showing the shot could help prevent tumors from spreading to new areas of the body, the companies said in a statement Wednesday. Estee Lauder rallied after the beauty company's adjusted earnings per share and sales metrics topped consensus expectations for the fourth quarter, with the midpoint of fiscal 2027 organic sales and adjusted EPS guidance ranges above Street views. La-Z-Boy tumbled at the open after the furniture maker's forecast sales for the second quarter missed the average analyst estimate.
About megatrends
Biotech & Genomic Medicine › mRNA Platforms ▲Technology
Biotech & Genomic Medicine › Immuno-Oncology / Checkpoint ▲Competition
EL · Capital · Positive Adjusted EPS and sales beat consensus; fiscal 2027 guidance above Street views.
LZB · Demand · Negative Forecast Q2 sales missed average analyst estimate.
MRNA · Technology · Positive Personalized cancer vaccine cut melanoma recurrence in late-stage trial.
MRK · Technology · Positive Partnered cancer vaccine with Moderna met key trial goals, boosting Keytruda's potential.
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Yahoo Finance·46dRead more →
United States
Biotech & Genomic Medicine▼impact 4

Moderna, Merck surge on cancer vaccine trial success

Moderna and Merck shares surged after their personalized cancer vaccine showed positive results in a late-stage trial, with Moderna skyrocketing 120% and Merck jumping 10%. Pilgrim's Pride rallied 15% after JBS, which owns more than 80% of the chicken producer, bid to acquire the remaining stock. Gold miners jumped after the Treasury Department announced sharply higher government debt repurchases, sending yields lower and boosting gold, with the VanEck Gold Miners ETF up 9% and Coeur and Hecla each gaining more than 13%. Marvell Technology rose more than 7% after giving Google permission to buy a $12 billion stake as part of a custom chip development deal. Coinbase surged 11% as bitcoin popped more than 5% to about $68,000, while Lowe's gained over 3% despite cutting its full-year outlook to the bottom end of prior guidance. Target added 5% after beating second-quarter revenue expectations and hiking full-year guidance, helped by a $752 million tariff refund boost. La-Z-Boy tanked 16% after fiscal first-quarter adjusted earnings fell 9% and current-quarter revenue guidance missed FactSet consensus, while Mercury Systems slid more than 6% on mixed results. Estee Lauder rose more than 16% after fiscal fourth-quarter adjusted earnings and revenue beat estimates.
About megatrends
Biotech & Genomic Medicine › mRNA Platforms ▲Technology
Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▲Demand
Artificial Intelligence › Custom Silicon / ASIC ▲Capital
LZB · Capital · Negative Fiscal Q1 adjusted earnings fell 9% and current-quarter revenue guidance missed consensus
MRCY · Capital · Negative Mixed results caused shares to slide
MRK · Technology · Positive Personalized cancer vaccine showed positive late-stage trial results
MRNA · Technology · Positive Personalized cancer vaccine showed positive late-stage trial results
PPC · Capital · Positive JBS bid to acquire remaining stock
CDE · Monetary · Positive Treasury debt repurchases lower yields, boosting gold and gold miners.
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CNBC·46dRead more →
United States
Biotech & Genomic Medicine▼impact 4

Moderna and Merck surge on positive cancer vaccine trial results

Moderna and Merck shares surged premarket after their personalized cancer vaccine showed positive results in a late-stage trial. Moderna's stock at one point soared 57%, while Merck's jumped just over 6%. It is unclear when the companies plan to submit applications for approval of the drug in the U.S. Elsewhere, Keysight Technologies rose 2% after beating third-quarter earnings and revenue expectations, while Lowe's fell 2% after updating its full-year outlook to the bottom end of prior guidance. Target declined 1.5% despite better-than-expected revenue and raised guidance, and La-Z-Boy tanked almost 17% after missing earnings and issuing weak current-quarter revenue guidance. Mercury Systems slid more than 9% after its adjusted earnings missed estimates, while Toll Brothers rose just over 1% on better-than-expected results. Estee Lauder rose more than 7% after beating fiscal fourth-quarter estimates, and Analog Devices gained more than 3% after exceeding expectations and reporting a higher gross margin.
About megatrends
Biotech & Genomic Medicine › mRNA Platforms ▲Technology
Biotech & Genomic Medicine › Oncology Therapeutics ▲Technology
MRNA · Technology · Positive Positive late-stage trial results for personalized cancer vaccine.
ADI · Capital · Positive Exceeded expectations and reported higher gross margin.
EL · Capital · Positive Beat fiscal fourth-quarter estimates.
KEYS · Capital · Positive Beat third-quarter earnings and revenue expectations.
LOW · Capital · Negative Updated full-year outlook to bottom end of prior guidance.
LZB · Capital · Negative Missed earnings and issued weak current-quarter revenue guidance.
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CNBC·46dRead more →
United States
LZB▼

Toll Brothers, Keysight, La-Z-Boy lead after-hours movers

Several companies made notable moves in after-hours trading following their latest earnings reports. Toll Brothers dipped 0.3% after guiding fourth quarter deliveries to between 3,450 and 3,550 homes, versus the StreetAccount consensus of 3,508, while reporting third quarter earnings of $2.97 per share on revenue of $2.65 billion, beating LSEG estimates of $2.93 and $2.61 billion. Keysight Technologies rose 2% after posting adjusted earnings of $3.07 per share on revenue of $1.85 billion, exceeding FactSet expectations of $2.48 and $1.75 billion. La-Z-Boy tumbled 17% as first quarter adjusted earnings fell 9% to 43 cents per share and adjusted operating income dropped 20% to $18.7 million, with current quarter revenue guidance of $500 million to $520 million missing the FactSet consensus of $536.8 million. Mercury Systems slid more than 10% after projecting fiscal 2027 revenue of about $1.1 billion, above the $1.05 billion FactSet estimate, but fourth quarter adjusted earnings of 37 cents missed by one cent. Jack Henry & Associates gained 3% after reporting fourth quarter earnings of $1.57 per share on revenue of $644 million, topping FactSet forecasts of $1.47 and $631.6 million.
JKHY · Capital · Positive Q4 earnings and revenue beat FactSet forecasts
KEYS · Capital · Positive Adjusted EPS and revenue exceeded expectations
LZB · Capital · Negative Q1 earnings and operating income fell, and revenue guidance missed consensus
MRCY · Capital · Negative Q4 adjusted EPS missed by one cent despite revenue guidance above estimates
TOL · Capital · Negative Q4 deliveries guidance midpoint below consensus, though Q3 earnings beat
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CNBC·47dRead more →
LZB▲

La-Z-Boy Stock Surges 14.8% on Earnings Beat, Raising Short Squeeze Potential

La-Z-Boy shares jumped 14.8% intraday on June 17 after the furniture retailer reported better-than-expected quarterly results and disclosed its most aggressive store expansion in nearly 100 years. Fourth-quarter fiscal 2026 revenue was roughly flat year-over-year at $570.34 million, but adjusted earnings per share surged 37% to $1.26, well above the $0.82 analyst consensus. The company-owned store network grew by four locations to 230, representing 61% of the total 378-store network, and the full fiscal year saw 15 new store openings plus the purchase of 15 independent locations. While short interest as a percentage of float is only 4.13% with a 1.93-day short interest ratio, the off-exchange short volume ratio stands at 61.54%, indicating significant institutional short-selling activity that could fuel a short squeeze. Wall Street rates the stock a Moderate Buy with a consensus price target of $43.67, implying a 10.1% upside from current levels.
LZB · Capital · Positive La-Z-Boy reported better-than-expected quarterly earnings (EPS $1.26 vs $0.82 consensus) and disclosed aggressive store expansion.
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Barchart·105dRead more →
LZB▲

La-Z-Boy Could Be 10.9% Undervalued After Q4 Beat and $300 Million Buyback

La-Z-Boy shares may be 10.9% undervalued following a strong fourth-quarter earnings beat and a new $300 million share repurchase authorization. The most followed narrative pegs fair value at $44.50 versus the last close of $39.66, supported by a multiyear distribution network transformation that is expected to add 50 to 75 basis points of wholesale margin improvement by year four. The stock has rebounded sharply, with a 30-day return of 16.41% and a 90-day return of 25.75%, though the one-year total shareholder return stands at a more muted 6.29%. While the current price-to-earnings ratio of 15.5 times sits above peer and industry averages, the fair ratio is estimated at 17.9 times, suggesting potential for rerating if market sentiment aligns with the higher multiple.
LZB · Capital · Positive Q4 earnings beat and $300M buyback authorization suggest undervaluation and support fair value estimate of $44.50.
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Simply Wall St·108dRead more →
LZB▲

La-Z-Boy surges on earnings beat, Lionsgate falls as Netflix denies acquisition interest

La-Z-Boy shares jumped 14.8% after the company reported fourth-quarter 2026 earnings of $1.26 per share, surpassing the Zacks Consensus Estimate of $0.82 per share. Lionsgate Studios shares declined 6.2% after Netflix denied reports that it was interested in acquiring the media company. Oracle shares fell 2.6% following reports that Microsoft had ended negotiations for a potential $3 billion cloud infrastructure deal. Take-Two Interactive Software shares edged down 0.8% amid a broader decline in the communication services sector.
LION · Capital · Negative Netflix denied acquisition interest, causing stock decline.
LZB · Capital · Positive Reported Q4 earnings of $1.26 per share, beating estimates of $0.82.
ORCL · Capital · Negative Microsoft ended negotiations for a potential $3 billion cloud infrastructure deal.
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Zacks Investment Research·108dRead more →
LZB▲3

La-Z-Boy Stock Surges 15.5% on Strong Fiscal Q4 Earnings Beat

La-Z-Boy shares jumped 15.5% Wednesday morning after the furniture maker reported fiscal fourth-quarter 2026 earnings that handily beat analyst expectations. The company posted adjusted earnings of $1.26 per share on revenue of $570.3 million, surpassing the consensus estimate of $0.82 per share on $569.2 million in sales. Operating profit surged 40% year over year, driven by a two-percentage-point improvement in operating margin, while GAAP profit more than doubled to $0.81 per share. For the full fiscal year, sales edged up 1% to $2.1 billion, though operating profit declined and GAAP earnings per diluted share rose only 5% to $2.35. Looking ahead, management guided for first-quarter fiscal 2027 sales between $490 million and $510 million, representing about 4% growth, but warned that adjusted operating margin could fall to 4% to 5.5%, well below the 9.9% achieved in the fourth quarter.
LZB · Capital · Positive Fiscal Q4 earnings beat analyst expectations with adjusted EPS of $1.26 vs $0.82 consensus
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The Motley Fool·109dRead more →
Space Economy▲

CarMax, AST SpaceMobile, La-Z-Boy lead premarket movers on earnings and satellite launch

Several stocks made notable premarket moves on Wednesday. CarMax rose more than 3.5% after reporting first-quarter earnings of $1.31 per share, well above the 95 cents expected by analysts polled by LSEG. AST SpaceMobile jumped 6% following the successful launch of three new satellites to build its cellular broadband network in space, using SpaceX's Falcon 9 rocket. La-Z-Boy surged 16% after retail sales rose 11% in its fiscal fourth quarter and it delivered an earnings beat. Lionsgate Studios fell more than 5% after Netflix denied reports of acquisition interest, reversing a 14% gain on Tuesday. Semiconductor stocks rebounded from a sell-off, with Intel up more than 3%, Advanced Micro Devices up more than 2.5%, and Broadcom and Qualcomm up more than 1.5%. Figma gained 4% after Citi initiated coverage with a buy rating, citing a $25 billion total addressable market. Oracle slipped 1% after calling a Business Insider report inaccurate that said Microsoft ended a $3 billion cloud infrastructure lease deal over security concerns. Jabil fell more than 2% despite an earnings and revenue beat and above-expectations guidance.
About megatrends
Space Economy › Direct-to-Device (satellite-to-cell) ▲Supply
ASTS · Technology · Positive Successfully launched three new satellites to build its cellular broadband network.
KMX · Capital · Positive Reported Q1 earnings of $1.31 per share, well above the 95 cents expected.
LION · Competition · Negative Netflix denied reports of acquisition interest, reversing a 14% gain.
LZB · Demand · Positive Retail sales rose 11% in fiscal Q4 and delivered an earnings beat.
ORCL · Capital · Negative Called a Business Insider report inaccurate that said Microsoft ended a $3 billion cloud infrastructure lease deal over security concerns.
ORCL · Demand · Negative Business Insider report (called inaccurate) said Microsoft ended a $3 billion cloud infrastructure lease deal over security concerns.
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CNBC·109dRead more →
LZB▲

La-Z-Boy surges 20% on strong earnings while Lionsgate dips on Netflix bid denial

La-Z-Boy shares jumped 20% in premarket trading after the furniture maker reported fiscal fourth-quarter results that beat expectations and issued upbeat guidance. Adjusted earnings per share rose 37% year-over-year, revenue slightly exceeded forecasts as an 11% increase in retail sales offset weaker wholesale demand, and adjusted operating margin expanded to 9.9%. Management authorized a new $300 million share repurchase program and guided first-quarter revenue above consensus. Lionsgate Studios fell 5% after a report said Netflix has no interest in acquiring the studio, unwinding recent takeover speculation. SpaceX continued to climb, adding 4% as Michael Burry confirmed he is not shorting the stock despite questioning its multi-trillion-dollar valuation, while Sophia Genetics declined 4% after pricing a $50 million public offering at $4.75 per share.
LION · Capital · Negative Netflix has no interest in acquiring Lionsgate, ending takeover speculation.
LZB · Capital · Positive Beat earnings expectations, issued upbeat guidance, and authorized $300M buyback.
SOPH · Capital · Negative Priced a $50M public offering at $4.75 per share, diluting existing shareholders.
SPCX · Capital · Neutral Michael Burry confirmed he is not shorting the stock, but questioned its valuation; mixed signal.
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Seeking Alpha·110dRead more →