La-Z-Boy FY27 Q1 GAAP EPS turns to loss of $0.06; sales fall 3% to $476 million year over year
LZB•Fiscal Q2 outlook
La-Z-Boy forecast fiscal Q2 net sales of $500 million-$520 million and expects adjusted operating margin of 4%-5.5%.
Q1 results turn to a GAAP loss
La-Z-Boy posted fiscal 2027 Q1 net sales down 3% to $476 million; GAAP diluted EPS turned to a loss of $0.06.
GAAP operating results swung to a $2.1 million loss; GAAP operating margin narrowed 4.9 percentage points to -0.4%.
Adjusted diluted EPS slipped 9% to $0.43; adjusted operating margin eased 0.9 percentage points to 3.9%.
Retail sales and written orders improved
Retail written sales rose 16%, with written same-store sales up 3%; Retail delivered sales increased 10% to $229 million.
Related News
Cosmos Health Q2 FY26 net loss widens 115.2% to $6.09 million; revenue rises 28.8% to $18.99 million
COSM•
Figure Technology Solutions Chief Capital Officer David Todd Stevens disposes of 47,650 common shares worth $1.5 million
FIGR•
