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The furniture maker will build a 150,000-square-foot distribution hub at the same location of one of its oldest manufacturing facilities.
NEOSHO, Mo. — La-Z-Boy on Monday announced plans to invest $23 million and create up to 100 jobs through a manufacturing expansion and construction of a new distribution center in Neosho. It is the company’s second significant expansion in recent years. The new 150,000-square-foot distribution center will serve as a centralized distribution hub within the company’s U.S. supply chain network. ...
La-Z-Boy Incorporated (NYSE:LZB) fell roughly 16% in after-hours trading after its fiscal first-quarter results revealed a widening split between a growing company-owned retail business and weakening wholesale and Joybird demand. Retail delivered sales increased 10%, and written same-store sales rose 3%, but consolidated sales declined 3% to $475.7 million. Adjusted operating margin narrowed to 3.9% […]
La-Z-Boy earnings trigger fresh look at the stock La-Z-Boy (LZB) just reported fiscal first quarter results that included lower sales and a shift to a small net loss, while also issuing second quarter guidance, updating its buyback activity, and affirming its dividend. See our latest analysis for La-Z-Boy. The latest earnings update and softer second quarter guidance have coincided with a sharp pullback, with La-Z-Boy’s share price down 19.34% over the past week and 14.20% over the past...
Retail written sales surge 16% and gross margin expands 290 basis points, but adjusted operating margin contracts amid strategic investments and choppy wholesale demand.
Moby summary of La-Z-Boy Incorporated's Q1 2027 earnings call
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 25, 2026. For the quarter, sales totaled $476 million, down 3% against the prior year comparable period and down 1% excluding the impact of wholesale casegoods divestiture, which was completed in May.
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