La-Z-Boy FY27 Q1 GAAP EPS turns to loss of $0.06; sales fall 3% to $476 million year over year

• La-Z-Boy posted fiscal 2027 Q1 net sales down 3% to USD 476 million; GAAP diluted EPS turned to a loss of USD 0.06.
• GAAP operating results swung to a USD 2.1 million loss; GAAP operating margin narrowed 4.9 percentage points to -0.4%.
• Adjusted diluted EPS slipped 9% to USD 0.43; adjusted operating margin eased 0.9 percentage points to 3.9%.
• Retail written sales rose 16%, with written same-store sales up 3%; Retail delivered sales increased 10% to USD 229 million.
• Forecast fiscal Q2 net sales of USD 500 million-USD 520 million; expects adjusted operating margin of 4%-5.5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. La-Z-Boy Incorporated published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608181615PR_NEWS_USPR_____DE28847) on August 18, 2026, and is solely responsible for the information contained therein.