La-Z-Boy Q2 EPS beats estimates on wholesale segment margin expansion

La-Z-Boy

18/11/2025 21:26

Overview

La-Z-Boy fiscal Q2 sales slightly beat analyst expectations

Adjusted EPS for fiscal Q2 beats analyst expectations

The furniture retailer completed 15-store acquisition, plans to exit non-core businesses

Outlook

Company expects fiscal Q3 sales between $525 mln and $545 mln

La-Z-Boy anticipates Q3 adjusted operating margin of 5.0-6.5%

Company cites uncertain macroeconomic backdrop affecting Q3 outlook

Result Drivers

RETAIL SALES GROWTH - Co reports 4% increase in Retail segment written sales, driven by new and acquired stores

WHOLESALE MARGIN EXPANSION - Co attributes Wholesale segment margin improvement to lower warranty expenses and increased advertising

STRATEGIC INITIATIVES - Co completed acquisition of 15-store network in southeast U.S., contributing to Retail segment growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$522.48 mln
$522.41 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.71
$0.61 (3 Analysts)
Q2 EPS
$0.70
Q2 Adjusted Operating Margin
7.10%
Q2 Operating Margin
6.90%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $41.00, about 28.4% above its November 17 closing price of $29.34

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX1MBcNX

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)