Furniture maker La-Z-Boy Q1 sales miss estimates

La-Z-Boy

19/08/2025 21:25

Overview

La-Z-Boy fiscal Q1 sales fall 1%, missing analyst expectations, per LSEG data

Adjusted EPS for fiscal Q1 misses consensus, per LSEG data

Outlook

La-Z-Boy expects Q2 sales between $510 mln and $530 mln

Company projects Q2 adjusted operating margin of 4.5% to 6.0%

Result Drivers

RETAIL GROWTH - Retail segment written sales increased 5% driven by new and acquired stores, while delivered sales rose 2%

WHOLESALE PERFORMANCE - Wholesale segment delivered sales grew 1%, driven by core North America La-Z-Boy wholesale business

JOYBIRD DECLINE - Joybird sales decreased due to lower delivered sales and a significant customer transition in international wholesale business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$492 mln
$494 mln (3 Analysts)
Q1 Adjusted EPS
Miss
$0.47
$0.55 (3 Analysts)
Q1 EPS
$0.44
Q1 Adjusted Operating Margin
4.8%
Q1 Operating Margin
4.5%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home furnishings peer group is "hold"

Wall Street's median 12-month price target for La-Z-Boy Inc is $46.00, about 16.7% above its August 18 closing price of $38.34

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX9jXLNj

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)