LZB La-Z-Boy (LZB) Q1 FY27 earnings call
La-Z-Boy demonstrated strong retail segment performance in Q1 FY27, driven by strategic expansion and positive same-store sales, even as the broader furniture market faces challenges. The company is actively investing in digital transformation and supply chain optimization, positioning itself for long-term growth. However, these investments, coupled with uneven demand in the wholesale segment and ongoing volatility in the Joybird business, led to mixed consolidated results and margin pressure for the quarter.
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LZB operating KPIs by quarter
| KPI | Apr 2026 Q4 FY26 | This call Jul 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| New stores opened Retail | 4Highlights for our fourth quarter included our Retail segment delivered sales increasing 9% by acquisitions and new stores and we opened 4 new stores during the quarter, bringing the total to 230 company-owned.Source: earnings call transcript | 1We added 4 company-owned stores during the quarter, including 1 new and 3 acquired, bringing our total to 234 company-owned stores or 62% of the total network.Source: earnings call transcript | -75% |
| Stores Company-owned | 230Highlights for our fourth quarter included our Retail segment delivered sales increasing 9% by acquisitions and new stores and we opened 4 new stores during the quarter, bringing the total to 230 company-owned.Source: earnings call transcript | 234We added 4 company-owned stores during the quarter, including 1 new and 3 acquired, bringing our total to 234 company-owned stores or 62% of the total network.Source: earnings call transcript | +1.7% |
| Stores | <380Our total La-Z-Boy store network, including company-owned and independently owned stores, now stands at nearly 380 stores across North America.Source: earnings call transcript | ~380Our total La-Z-Boy store network, including company-owned stores and independently owned stores, now stands at approximately 380 stores across North America and progress continues.Source: earnings call transcript | — |
| Stores Comfort Studio and branded spaces | <1,400We ended the fiscal year with nearly 1,400 La-Z-Boy Comfort Studio and branded space locations, each fully dedicated to our La-Z-Boy branded products.Source: earnings call transcript | 1,400+We ended the quarter with over 1,400 La-Z-Boy Comfort Studio and branded space locations, each with dedicated space for La-Z-Boy branded products.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.