NYSE$LZB

La-Z-Boy Incorporated · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

La-Z-Boy reported strong results in Q2 2025, with the Retail segment delivering sales up 3%.

La-Z-Boy Incorporated reported a 2% increase in consolidated delivered sales, reaching $521 million. GAAP and Non-GAAP diluted EPS both stood at $0.71. The company's Retail segment saw a 3% sales increase, driven by acquisitions, new stores, and strong Labor Day sales. The board approved a 10% increase to the quarterly dividend, raising it to $0.22 per share.

  • Consolidated delivered sales increased by 2% year-over-year to $521 million.
  • Retail segment sales grew by 3%, boosted by acquisitions, new stores, and record Labor Day sales.
  • GAAP and Non-GAAP diluted EPS both reached $0.71.
  • The quarterly dividend was increased by 10% to $0.22 per share.

Headline financials

Total Revenue

$521M

Previous: $511M+1.9%
EPS

$0.71

Previous: $0.74-4.1%
GAAP Operating Margin

7.4%

No prior period
Adjusted Operating Margin

7.5%

No prior period
Capital Expenditures

-$32.8M

Previous: -$26.5M-23.7%
Free Cash Flow

$35.5M

Previous: $30.4M+16.8%
Net Income

$30M

Previous: $27.2M+10.4%
Operating Income

$38.8M

Previous: $33.6M+15.4%
Gross Profit

$231M

Previous: $223M+3.6%
Stock-Based Comp

$5.87M

Previous: $4.81M+22.1%

Revenue & EPS history

La-Z-Boy · Revenue · Quarterly

$521M

Q2 2025+1.9%vs Q2 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

La-Z-Boy · $616M total across 3 segments · Q2 2024

  • Wholesale Segment
    $365M-18.2%
  • Retail Segment
    $214M-15.0%
  • Corporate and Other
    $36.2M-17.0%

Forward guidance

The company expects industry sales trends to remain under pressure, but anticipates its growth will continue to outpace the industry. Fiscal third quarter sales are expected to be in the range of $505-525 million (an increase of 1-5% year-over-year) and Non-GAAP operating margin to be in the range of 6-7%.

Tailwinds

  • Expects growth to continue to outpace the industry.
  • Fiscal third quarter sales are expected to be in the range of $505-525 million.
  • Sales are expected to increase of 1-5% year-over-year.
  • Impressive execution
  • Resolute focus on improving the agility of our operations.

Headwinds

  • Industry sales trends are expected to remain under pressure.
  • Furniture and home furnishings related spending continues to be soft.
  • Home-related spending impacted by higher mortgage rates.
  • Lack of housing affordability
  • Lack of housing availability

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+2.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-1.1%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+21.8%

Q2 2012

Best reaction

-19.9%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+15.3%+13.4%
Q3 2026-6.8%-7.0%-16.8%
Q2 2026+20.2%+24.7%+33.1%
Q1 2026-12.1%-6.4%-13.8%
Q4 2025-2.3%-5.6%-4.9%
Q3 2025+4.0%-0.7%-15.2%
Q2 2025+0.0%+2.1%-0.6%
Q1 2025-5.8%-4.0%+2.4%
Q4 2024+20.7%+12.4%+26.5%
Q3 2024-5.1%-2.9%-2.2%
Q2 2024+11.9%+15.4%+17.4%
Q1 2024-2.8%-4.1%+3.1%
Q4 2023+0.0%+1.1%+15.4%
Q3 2023+9.7%+13.8%-2.1%
Q2 2023-6.3%-8.2%-14.2%
Q1 2023+3.1%-3.9%-16.6%
Q4 2022+5.7%+8.5%+17.1%
Q3 2022-15.0%-18.8%-17.5%
Q2 2022-6.8%-2.9%-2.8%
Q1 2022-5.8%-1.6%-7.0%
Q4 2021-12.1%-13.4%-18.8%
Q3 2021-7.7%-4.6%+8.5%
Q2 2021+5.1%+4.6%+7.1%
Q1 2021+1.0%-0.9%-0.4%
Q4 2020-1.3%-5.4%+3.1%
Q3 2020+2.1%+4.1%-44.2%
Q2 2020-15.3%-11.0%-14.4%
Q1 2020-5.8%-0.8%+2.2%
Q4 2019+7.3%-10.2%-6.7%
Q3 2019+14.6%+14.3%+4.1%
Q2 2019+5.9%+5.5%-2.6%
Q1 2019+15.6%+2.8%-0.6%
Q4 2018-4.2%-10.1%-2.3%
Q3 2018+9.1%+10.7%+1.4%
Q2 2018+12.7%+14.9%+6.8%
Q1 2018-19.9%-22.6%-18.9%
Q4 2017+17.4%+18.5%+19.4%
Q3 2017-2.4%-7.9%-5.0%
Q2 2017+3.1%+11.4%+13.9%
Q1 2017-9.6%-10.0%-13.2%
Q4 2016+5.2%+5.0%+14.0%
Q3 2016+17.0%
Q2 2016-0.1%
Q1 2016+2.1%
Q4 2015-1.8%
Q3 2015-5.5%
Q2 2015+5.5%
Q1 2015-3.8%
Q4 2014-3.3%
Q3 2014-3.5%
Q2 2014+10.1%
Q1 2014+7.6%
Q4 2013+3.7%
Q3 2013+11.7%
Q2 2013-10.9%
Q1 2013-1.7%
Q4 2010-11.8%
Q4 2012-11.8%
Q3 2011-0.9%
Q3 2012-0.9%
Q2 2011+21.8%
Q2 2012+21.8%
Q1 2012+8.5%
Q4 2011+8.5%
Q1 2011+7.0%
Q3 2010+18.8%

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