The firm recorded adjusted earnings of $1.26 per share, surpassing analyst expectations of $0.82 per share. This represents a year-over-year increase of 37.0 percent.
In the fourth quarter, the company generated revenue of $570.34 million, exceeding analyst estimates of $569.23 million. Revenue declined by 0.1 percent compared to a year earlier.
The retail segment saw written sales increase by 11 percent and delivered sales rise by 9 percent from a year ago. GAAP operating margin for this segment was 16.7 percent, while the adjusted operating margin was 13.9 percent.
Sales in the wholesale segment decreased by 2 percent to $393 million compared to last year. The GAAP operating margin improved to 9.4 percent, and the adjusted operating margin was 10.1 percent.
In the Corporate & Other segment, Joybird’s written sales increased by 2 percent, while delivered sales fell by 10 percent to $32 million. The adjusted operating loss for Corporate & Other increased compared to the prior year.
For the first quarter of fiscal year 2027, La-Z-Boy projected sales between $490.00 million and $510.00 million, with analyst estimates at $495.45 million. The company expects an adjusted operating margin between 4.0 percent and 5.5 percent.
Taylor Luebke, SVP and Chief Financial Officer of La-Z-Boy Incorporated, said, “During the quarter, we executed well and continued to deliver on near-term expectations, while also investing for the future.”
In after-hours trading, La-Z-Boy Incorporated (NYSE: LZB) rose 12.41 percent to a price of $39.50, an increase of $4.36 from its closing price of $35.14 during the regular trading session. The shares continue to trade between their 52-week low of $29.03 and high of $41.06.
