La-Z-Boy Q3 adjusted EPS misses estimates

La-Z-Boy

17/02/2026 21:24

Overview

Furniture maker's fiscal Q3 sales rose 4% yr/yr to $542 mln

Adjusted EPS for fiscal Q3 missed analyst expectations

Company announced closure of UK manufacturing facility by fiscal year end

Outlook

La-Z-Boy expects Q4 sales between $560 mln and $580 mln

Company anticipates Q4 adjusted operating margin of 7.5% to 9.0%

La-Z-Boy remains cautious due to macroeconomic conditions and weather impacts

Result Drivers

RETAIL EXPANSION - Retail segment sales increased 11% due to new and acquired stores, despite a 4% decline in same-store sales

WHOLESALE GROWTH - Wholesale segment sales rose 1%, marking the seventh consecutive quarter of growth in North America

JOYBIRD DECLINE - Joybird sales decreased 13% due to volatility in the consumer segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$542 mln
$533.59 mln (2 Analysts)
Q3 Adjusted EPS
Miss
$0.61
$0.65 (3 Analysts)
Q3 EPS
$0.52
Q3 Adjusted Operating Margin
6.10%
Q3 Operating Margin
5.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $44.50, about 16.1% above its February 13 closing price of $38.34

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX3jJmpx

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