olivLaw · US equity research
La-Z-Boy Incorporated LZB
Household Furniture · SIC 2510 · Vertical: Household Furniture (SIC 2510)
La-Z-Boy is a vertically integrated maker and retailer of furniture, best known for reclining chairs, with its own store network and mostly US-based production. In the first fiscal quarter of 2027 sales dipped slightly while the Retail segment grew strongly, and the company approaches its centennial in 2027.
At the close of 05 Nov 2026, La-Z-Boy Incorporated (LZB) stock was 32.62 USD (−1.33% on the day), with market capitalisation 1.3 bn USD, P/E 16.5 on diluted EPS of 1.98 USD over the last 12 months, dividend yield 2.41%, beta 0.78, 52-week range 28.68–42.14 USD. Latest reported quarter (Q1 2027): revenue of 475.7 m USD (−3.4% YoY), net income of -2.3 m USD (−112.6% YoY), diluted EPS -0.06 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 62.7
- strong (55–70)
- Bollinger (20, 2)
- 27.97 – 32.46
- above the upper band · %B 1.04 · band width 14.9%
- SMA 50 / 200
- 30.43 / 35.18
- mixed trend
- MACD (12, 26, 9)
- 0.37 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.0% | −5.9% | +15.9 pp | — |
| 3 months | −19.7% | −4.6% | −15.1 pp | — |
| 6 months | −8.3% | +0.2% | −8.5 pp | — |
| Year to date | −12.5% | +7.4% | −19.9 pp | — |
| 1 year | +1.3% | +8.2% | −6.9 pp | +13.3% |
| 3 years | +7.6% | +68.4% | −60.9 pp | +25.0% |
| 5 years | −9.8% | +56.5% | −66.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 25 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 521.0 m | 521.8 m | 570.9 m | 492.2 m | 522.5 m | 541.6 m | 570.3 m | 475.7 m |
| Cost of revenue | 290.4 m | 290.4 m | 319.8 m | 283.0 m | 291.3 m | 308.1 m | 307.6 m | 267.0 m |
| Gross profit | 230.6 m | 231.4 m | 251.1 m | 209.2 m | 231.1 m | 233.5 m | 262.8 m | 208.7 m |
| SG&A | 191.9 m | 196.2 m | 201.0 m | 187.2 m | 195.0 m | 203.7 m | 201.6 m | 210.8 m |
| Operating income | 38.8 m | 35.2 m | 29.5 m | 22.0 m | 36.2 m | 29.8 m | 41.2 m | -2.1 m |
| Depreciation & amortisation | 11.5 m | 11.4 m | 11.6 m | 11.3 m | 11.8 m | 12.5 m | 11.8 m | 12.7 m |
| Interest expense | 99.0 k | 102.0 k | 134.0 k | 120.0 k | 110.0 k | 159.0 k | 135.0 k | 217.0 k |
| Pre-tax income | 40.5 m | 38.6 m | 32.0 m | 24.4 m | 39.6 m | 31.8 m | 43.1 m | -3.7 m |
| Income tax | 10.7 m | 9.7 m | 16.7 m | 6.1 m | 10.6 m | 10.0 m | 9.3 m | -1.7 m |
| Net income | 30.0 m | 28.4 m | 14.9 m | 18.2 m | 28.9 m | 21.7 m | 33.3 m | -2.3 m |
| Diluted EPS | 0.71 | 0.68 | 0.35 ≈ | 0.44 | 0.70 | 0.52 | 0.82 ≈ | -0.06 |
| Operating cash flow | 15.9 m ≈ | 57.0 m ≈ | 62.0 m | 36.3 m | 50.0 m ≈ | 89.4 m ≈ | 28.4 m | 15.6 m |
| Capex | 17.1 m ≈ | 18.8 m ≈ | 22.7 m | 18.5 m | 20.5 m ≈ | 17.8 m ≈ | 19.6 m | 23.3 m |
| Dividends paid | 8.4 m ≈ | 9.1 m ≈ | 9.1 m | 9.0 m | 9.1 m ≈ | 10.0 m ≈ | 9.9 m | 9.7 m |
| Share repurchases | 19.5 m ≈ | 11.2 m ≈ | 13.5 m | 12.5 m | 809.0 k ≈ | 13.7 m ≈ | 20.2 m | 25.1 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 57 percentile of its own 40-quarter history (min 6.4, median 15.6, max 29.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 bn | 1.7 bn | 1.7 bn | 2.4 bn | 2.3 bn | 2.0 bn | 2.1 bn | 2.1 bn |
| Revenue YoY | +10.2% | −2.4% | +1.8% | +35.9% | −0.3% | −12.9% | +3.0% | +0.8% |
| Net income | 68.6 m | 77.5 m | 106.5 m | 150.0 m | 150.7 m | 122.6 m | 99.6 m | 102.0 m |
| Net income YoY | −15.2% | +13.0% | +37.4% | +40.9% | +0.4% | −18.6% | −18.8% | +2.4% |
| Diluted EPS | 1.44 | 1.66 | 2.30 | 3.39 | 3.48 | 2.83 | 2.35 | 2.47 |
| Diluted EPS YoY | −13.8% | +15.3% | +38.6% | +47.4% | +2.7% | −18.7% | −17.0% | +5.1% |
| net % | 3.9% | 4.5% | 6.1% | 6.4% | 6.4% | 6.0% | 4.7% | 4.8% |
| Free cash flow | 102.3 m | 118.2 m | 272.0 m | 2.4 m | 136.4 m | 104.6 m | 113.0 m | 127.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 25 Apr 2026
- Cash
- 303.2 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.1 bn USD
- Total assets
- 2.0 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.80x
- ROE
- 9.7%
- ROA
- 5.1%
- FCF margin
- 6.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.7 bn | 2.4 bn | 2.3 bn | 2.0 bn | 2.1 bn | 2.1 bn | SEC (XBRL)· 16 Jun 2026verified |
| Cost of revenue | 994.0 m | 1.5 bn | 1.4 bn | 1.2 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 16 Jun 2026verified |
| Gross profit | 740.3 m | 879.8 m | 964.7 m | 881.7 m | 926.4 m | 936.6 m | SEC (XBRL)· 16 Jun 2026verified |
| Research & development | 7.6 m | 9.0 m | 9.1 m | 9.6 m | 9.9 m | 10.8 m | SEC (XBRL)· 16 Jun 2026verified |
| SG&A | 603.5 m | 673.0 m | 753.3 m | 730.9 m | 770.0 m | 787.4 m | SEC (XBRL)· 16 Jun 2026verified |
| Operating income | 136.7 m | 206.8 m | 211.4 m | 150.8 m | 135.8 m | 129.2 m | SEC (XBRL)· 16 Jun 2026verified |
| Depreciation & amortisation | 33.0 m | 39.8 m | 40.2 m | 48.6 m | 46.7 m | 47.4 m | SEC (XBRL)· 16 Jun 2026verified |
| EBITDA | 169.8 m ≈ | 246.5 m ≈ | 251.6 m ≈ | 199.3 m ≈ | 182.5 m ≈ | 176.6 m ≈ | SEC (XBRL)· 16 Jun 2026derived |
| Interest expense | — | — | 536.0 k | 455.0 k | 545.0 k | 524.0 k | SEC (XBRL)· 16 Jun 2026verified |
| Pre-tax income | 145.9 m | 205.5 m | 205.8 m | 165.8 m | 147.1 m | 138.8 m | SEC (XBRL)· 16 Jun 2026verified |
| Income tax | 38.4 m | 53.2 m | 53.8 m | 41.1 m | 46.2 m | 35.9 m | SEC (XBRL)· 16 Jun 2026verified |
| Net income | 106.5 m | 150.0 m | 150.7 m | 122.6 m | 99.6 m | 102.0 m | SEC (XBRL)· 16 Jun 2026verified |
| Diluted EPS | 2.30 | 3.39 | 3.48 | 2.83 | 2.35 | 2.47 | SEC (XBRL)· 16 Jun 2026verified |
| Weighted average diluted shares | 46.4 m | 44.3 m | 43.2 m | 43.3 m | 42.3 m | 41.3 m | SEC (XBRL)· 16 Jun 2026verified |
| Dividend per share | 0.36 | 0.63 | 0.69 | 0.92 | 0.84 | 0.76 | SEC (XBRL)· 16 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 391.2 m | 245.6 m | 343.4 m | 341.1 m | 328.4 m | 303.2 m | SEC (XBRL)· 16 Jun 2026verified |
| Inventories | 226.1 m | 303.2 m | 276.3 m | 263.2 m | 255.3 m | 218.4 m | SEC (XBRL)· 16 Jun 2026verified |
| Current assets | 926.2 m | 951.8 m | 854.6 m | 836.8 m | 805.7 m | 773.9 m | SEC (XBRL)· 16 Jun 2026verified |
| Property, plant & equipment, net | 219.2 m | 253.1 m | 278.6 m | 298.2 m | 339.2 m | 356.7 m | SEC (XBRL)· 16 Jun 2026verified |
| Goodwill | 175.8 m | 194.6 m | 205.0 m | 214.5 m | 205.6 m | 243.3 m | SEC (XBRL)· 16 Jun 2026verified |
| Intangibles (excl. goodwill) | 30.4 m | 34.0 m | 39.4 m | 47.3 m | 51.2 m | 77.6 m | SEC (XBRL)· 16 Jun 2026verified |
| Total assets | 1.8 bn | 1.9 bn | 1.9 bn | 1.9 bn | 1.9 bn | 2.0 bn | SEC (XBRL)· 16 Jun 2026verified |
| Accounts payable | 94.2 m | 104.0 m | 107.5 m | 96.5 m | 96.0 m | 101.9 m | SEC (XBRL)· 16 Jun 2026verified |
| Short-term debt | 0 | — | — | — | — | — | SEC (XBRL)· 15 Jun 2021verified |
| Current liabilities | 611.7 m | 675.7 m | 475.9 m | 437.3 m | 420.8 m | 429.9 m | SEC (XBRL)· 16 Jun 2026verified |
| Equity | 782.1 m | 819.6 m | 952.1 m | 1.0 bn | 1.0 bn | 1.1 bn | SEC (XBRL)· 16 Jun 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 309.9 m | 79.0 m | 205.2 m | 158.1 m | 187.3 m | 204.1 m | SEC (XBRL)· 16 Jun 2026verified |
| Capex | 38.0 m | 76.6 m | 68.8 m | 53.6 m | 74.3 m | 76.3 m | SEC (XBRL)· 16 Jun 2026verified |
| Free cash flow | 272.0 m ≈ | 2.4 m ≈ | 136.4 m ≈ | 104.6 m ≈ | 113.0 m ≈ | 127.8 m ≈ | SEC (XBRL)· 16 Jun 2026derived |
| Investing cash flow | -40.7 m | -78.4 m | -70.1 m | -81.6 m | -98.4 m | -138.6 m | SEC (XBRL)· 16 Jun 2026verified |
| Financing cash flow | -141.1 m | -144.6 m | -37.1 m | -81.2 m | -102.6 m | -91.1 m | SEC (XBRL)· 16 Jun 2026verified |
| Dividends paid | — | 27.7 m | 29.9 m | 32.7 m | 35.0 m | 37.9 m | SEC (XBRL)· 16 Jun 2026verified |
| Share repurchases | 44.2 m | 90.6 m | 5.0 m | 52.8 m | 77.9 m | 47.3 m | SEC (XBRL)· 16 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 63 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 1.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality75
- Growth0
- Balance sheet89
- Returns100
- Valuation78
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 10.03 – 38.62 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E23.32 – 38.62 (Mid 23.63)3 companies used · median multiple 12.0x · quartiles 11.8x – 19.5xFLXS, SGI, XMAX
- Dividend discount (DDM)10.03 – 13.48 (Mid 11.50)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 63/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 3.9% | 50 (vs peers) | 9% |
| FCF conversion · Quality | 125.6% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | -3.3% | 0 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | -10.8% | 0 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 169.3x | 100 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 1.7x | 72 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 16.5x | 61 (on a fixed band) | 15% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.8% | 98 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | 7.5% | 100 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | 37.7% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet89/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality75/100 · 2/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation78/100 · 2/3 factors with a value
Memo
LA-Z-BOY INCORPORATED (LZB). Latest full fiscal year: 2026; data up to 2026-07-25.
Figures computed from the financial statements: revenue 2.1 bn USD in 2026; YoY growth 0.8%; net margin 3.9%; ROE 8.0%.
The estimated value range is 16.67–26.05 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 17.56 USD, the price of 32.62 USD leaves a potential of -46.2% (value / price − 1) and a margin of safety of -85.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 63/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 125.6%
- Interest coverage: 169.3x
- Current ratio: 1.7x
- FCF yield: 7.8%
- Shareholder yield (distributions): 7.5%
- Payout ratio (FCF): 37.7%
What contradicts it
- Revenue CAGR 3Y: -3.3%
- EPS CAGR 3Y: -10.8%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Household Furniture (SIC 2510) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SGISomnigroup International Inc. | 14.3 bn | 27.1 | 17.6% | 7.0% | +51.6% | −26% / +68% |
| LZBLa-Z-Boy Incorporated | 1.3 bn | 16.5 | 8.0% | 3.9% | +0.8% | +1% / +8% |
| CODICompass Diversified Holdings | 863.0 m | — | -17.7% | -5.3% | +4.8% | +56% / −43% |
| XMAXXmax Inc. | 322.6 m | 11.6 | 52.9% | 185.9% | +72.6% | −10% / +144% |
| FLXSFlexsteel Industries, Inc. | 305.6 m | 12.0 | 20.5% | 6.7% | +4.1% | +86% / +334% |
| HOFTHooker Furnishings Corporation | 156.2 m | — | -9.9% | -8.7% | −12.4% | +36% / −18% |
| PRPLPurple Innovation, Inc. | 40.6 m | — | — | -8.9% | −3.9% | −87% / −84% |
1- and 3-year price returns: for LZB from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 18.31 Total return -42% · Per year -42% | 32.49 Total return 2% · Per year 2% | 49.13 Total return 53% · Per year 53% |
| 3 years | 15.10 Total return -49% · Per year -20% | 30.41 Total return 0% · Per year 0% | 50.84 Total return 65% · Per year 18% |
| 5 years | 12.46 Total return -54% · Per year -15% | 28.45 Total return -2% · Per year -0% | 52.62 Total return 76% · Per year 12% |
- Exit P/E± 7.60
- Net margin± 5.32
- Annual revenue growth± 4.72
- Annual dilution± 0.45
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
La-Z-Boy is a vertically integrated maker and retailer of furniture, best known for reclining chairs, with its own store network and mostly US-based production. In the first fiscal quarter of 2027 sales dipped slightly while the Retail segment grew strongly, and the company approaches its centennial in 2027 123.
SWOT
Strengths
- The La-Z-Boy brand is widely recognized and has a long history in reclining chairs 1. Predominantly US production and an integrated network support fast delivery and customization 1.
- The company reports no external debt and high cash balances, giving it flexibility 3. The Retail segment shows solid growth in written sales and margin 3.
- A network of own stores and dedicated dealers gives a direct channel to consumers 1.
Weaknesses
- Wholesale sales fell in the first quarter of fiscal 2027 and the operating margin was under pressure 3. Joybird recorded lower delivered sales 3.
- Fixed costs from Retail expansion can weigh on margins when sales in existing stores do not grow enough 1.
- Reliance on a few suppliers for foam and fabric could create production interruptions 1.
Opportunities
- More stores and acquisitions of independent dealers could widen market share 13. Tariff refunds could support results if they materialize 3.
- Growth in digital and omnichannel channels could attract new consumers, and Joybird has long-term potential 1.
- Simplifying distribution and transforming home delivery could lower operating costs 13.
Risks
- Weak consumer demandhigh
Furniture is discretionary, and a drop in confidence or credit access could reduce sales 1.
- Competitive pressurehigh
Competition from online sellers and other manufacturers could cost market share or force price cuts 1.
- Supply chainmedium
Interruptions at foam, fabric and component suppliers could delay deliveries to customers 1.
- Tariffs and trade policymedium
New tariffs and uncertainty over refunds could affect costs and results 13.
- Plant closure executionlow
Closing smaller plants and consolidating production could bring extra costs and disruption 3.
Investment thesis
What would need to be true (bull case)
- If the Retail segment keeps growing written sales and margin, the company could gradually offset pressure from Wholesale 3.
- A strong brand and US-based production could support market share in a difficult competitive environment 13.
- A balance sheet without external debt leaves room for investment and cash returns to shareholders 3.
What would break the thesis
What to watch
- Retail delivered sales and written same-store salesQ2 2027
- Adjusted operating margin against the guidance rangeQ2 2027
- IEEPA tariff refunds and their effect on costsnext 10-K
- Completion of plant closures and effects on production2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
La-Z-Boy Incorporated is the leading global producer of reclining chairs and one of the largest manufacturers and distributors of residential furniture in the United States, according to its annual report 1. It sells through La-Z-Boy stores, Comfort Studio locations and branded spaces in independent stores, through Joybird online and through its own websites 1. Under its Century Vision strategy the company aims to grow mainly its La-Z-Boy and Joybird brands 12.
The model is an integrated chain: own production in the US and Mexico, distribution through its own centers, and direct sales to consumers 1. A quarterly report shows the Retail division gaining weight, while Wholesale sales depend on orders from independent dealers 23. Many products are made and delivered in short time, supporting its customization positioning 1.
The company completed the sale of its wholesale casegoods business in May 2026, which changes the profile of Wholesale sales 13. Upholstery remains at the core of the business 1.
Segments
Market context
The US residential furniture market depends on economic growth, housing activity and consumer discretionary spending 1. Demand can be affected by consumer confidence, interest rates and trade policy 1.
The industry is fragmented and competitive, and part of sales is shifting to online channels 1. The company responds with omnichannel tools and a larger own network, which could support market share if demand stabilizes 12.
Trends
- Shift to online purchasingheadwind
Customers are moving more furniture purchases online, which puts pressure on physical stores 1. The company invests in its website and digital tools, but Joybird faces intense online competition 12.
- US production and tariffsmixed
Heavy US production helps limit exposure to tariffs, and the company has flagged that trade duties could still affect import costs 13. Refunds of IEEPA tariffs could bring a benefit, but amount and timing remain uncertain 13.
- Retail network expansiontailwind
Opening new stores and acquiring independent dealers supports Retail growth, with a plan for further expansion in fiscal 2027 13. If sales in existing stores stay weak, fixed costs could compress margins 1.
- Discretionary consumer spendingheadwind
Furniture is a discretionary purchase, so consumer confidence and access to credit directly shape sales 12. Joybird shows high volatility in the current macroeconomic backdrop 3.
Competitive position
The company operates in a highly competitive industry with many manufacturers, general retailers and online sellers 1. Its stated advantage is the La-Z-Boy brand and its integrated chain of production and sales 13.
Competitive pressure shows up in pricing, promotions and service, and if the company fails to differentiate it could lose market share 1. Its own distribution channels are the main defence 1.
- Ethan Allen InteriorsETD
Retailer and manufacturer of furniture with its own store network, active in the same US consumer category.
- Flexsteel IndustriesFLXS
Upholstered furniture maker competing in sofas and recliners sold through distribution channels.
- Bassett Furniture
US furniture maker and retailer active in the same independent dealer channels.
- Online furniture retailers
Online and direct-to-consumer sellers competing with Joybird for digital customer attention.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- La-Z-Boy Director Janet Kerr Sells 3,653 Shares for $116,000Yahoo Finance — News · 10 Sept 2026 · EN
- La-Z-Boy (LZB) Q1 2027 Earnings Call TranscriptYahoo Finance — News · 25 Aug 2026 · EN
SEC filings
- Current report26 Aug 2026Shareholder vote · Financial statements and exhibits
- Quarterly report18 Aug 2026
- Current report18 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement15 Jul 2026
- Annual report16 Jun 2026
- Current report16 Jun 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report17 Feb 2026
- Current report17 Feb 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report09 Dec 2025Departure or appointment of officers · Financial statements and exhibits
- Quarterly report18 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2026-04-25 · SEC / La-Z-Boy Incorporated · 16 Jun 2026
- [2] Form 10-Q, quarter ended 2026-07-25 · SEC / La-Z-Boy Incorporated · 18 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / La-Z-Boy Incorporated · 18 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.