La-Z-Boy Incorporated Reports Strong Fourth Quarter and Fiscal Year 2026 Financial Results

La-Z-Boy Incorporated announced its financial results for the fiscal fourth quarter and full year ended April 25, 2026. The company reported consolidated sales for the fourth quarter were flat at $570 million, with GAAP operating margin improving to 7.2% and adjusted operating margin at 9.9%. Diluted earnings per share were $0.81 on a GAAP basis and $1.26 on an adjusted basis. For the full fiscal year 2026, consolidated sales increased by 1% to $2.1 billion. The Retail segment showed strong performance with written sales up 11% and delivered sales up 9% in Q4, driven by new and acquired stores. The Wholesale segment experienced a slight decrease in delivered sales but improved operating margin. The company also completed strategic exits of certain businesses and finalized supply chain restructuring. La-Z-Boy generated $204 million in operating cash flow for the year and returned $85 million to shareholders through repurchases and dividends. The company announced a new $300 million share repurchase program. Looking ahead, the first quarter of fiscal 2027 is projected to have sales between $490-510 million with an adjusted operating margin of 4.0-5.5%.