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La-z-boy Inc (LZB) stock

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NYSE: LZB NYSE Home Furnishings Next results ~November 17, 2026

C+ Fundamentals grade

La-z-boy Inc is a US-listed company in the home furnishings industry. Its financial year ends in April.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$45

Cash-flow model

Base case. Range ~$35–$57 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 41% above it.

Price used: $31.70, November 2, 2026

La-z-boy Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter La-z-boy files

Where La-z-boy stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.11bn, up 0.2% on a year earlier, slower than the 0.8% growth a quarter earlier. That puts it 1199 of 1447 for growth among all the companies we cover. Free-cash-flow margin held at 4.8%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $45.23 a share, against a share price of $29.67. At that price, our model says the market is pricing in cash flow shrinking about 6.8% a year for five years, slower than the -2.2% a year revenue growth it has delivered.

Source: 10-Q filed August 18, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 17, 2026 (estimated)

La-z-boy Inc's trailing-twelve-month revenue grew 0.2% year on year, with a free-cash-flow margin of 4.8%. Where it stands out: gross margin of 44.4% ranks 3 of 11 home furnishings companies we cover.

Our discounted-cash-flow model values the business at ~$45 per share in the base case (~$35–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 8.7% while net income fell 11.0%: a 20pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $31.70 is 41% below our value per share of $45.
  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.3bn.

Things to watch

  • Results due soon. Results are expected around 17 November; the share price can move sharply on the day.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.7% ranks 8 of 10 home furnishings companies we cover (median 0.6%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 14.8% over 90 days.

Latest results: FY2027 Q1

Filed August 18, 2026
Earnings per share
$0.43 against an average estimate of $0.49: missed by 12.8%
Revenue
$476m, down 3.4% on a year earlier
Share reaction
-18.3% in the first session after the results on August 18, 2026, against -0.5% for the S&P 500
Guidance given
sales $500m to $520m (fiscal second quarter); enterprise sales growth growth -1% to 2% (fiscal second quarter)
Next report
November 17, 2026; average EPS estimate $0.47

La-z-boy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.1%
  • 1 week+7.0%
  • 1 month+5.9%
  • This year-13.1%
  • 1 year+2.7%
  • 5 years+1.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
5.0%
Net margin
3.9%
EPS (TTM, diluted)
$1.99

Growth

Revenue growth
+0.2%
Change in growth rate
−0.6 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$102M
FCF margin
4.8%
Stock pay % of revenue
0.7%

Earnings

Last results
August 18, 2026
Next results (est.)
November 17, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

La-z-boy Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 5.8% a year for five years.That is close to the -2.2% a year revenue growth La-z-boy has delivered.

  • Priced in-5.8%
  • Last 12 months0.2%
  • 3 years a year-1.8%
  • 5 years a year-2.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($31.07, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$45
Price used
$31.07close November 3, 2026
Implied change
▲ +44%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of La-z-boy Inc's free cash flow after stock-based pay with after-tax interest added back ($93.6M, FY2027 Q1 TTM), growing -0.2% and 2.5% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$35–~$57 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of La-z-boy Inc's free cash flow after stock-based pay ( $93.6M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value La-z-boy Inc as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$45 ~$35–$57 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$40 ~$29–$57 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$43 ~$37–$51 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$43 ~$40–$45 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare La-z-boy Inc with Home Furnishings in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −18%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −12%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $40$52$68$89$117$152
8.5% $32$41$52$68$87$112
10% $27$34$43$55$69$89

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$21.16$23.17$24.73$27.83$18.39$38.08$23.59$26.47$31.22$37.48$34.90$31.70
Market value$1.1bn$1.1bn$1.2bn$1.3bn$859m$1.8bn$1.0bn$1.1bn$1.4bn$1.6bn$1.4bn$1.3bn
+ Net debt (− = net cash)−$112m−$141m−$134m−$130m−$187m−$391m−$246m−$343m−$341m−$328m−$303m−$267m
Enterprise value$962m$1.0bn$1.1bn$1.2bn$673m$1.4bn$799m$801m$1.0bn$1.3bn$1.1bn$1.0bn
Multiples
Price / sales 0.7x0.8x0.8x0.8x0.5x1.0x0.4x0.5x0.7x0.8x0.7x0.6x
Price / earnings 13.6x13.3x14.7x19.2x11.1x16.6x7.0x7.6x11.0x15.9x14.1x15.9x
Price / free cash flow 12.0x9.0x15.0x12.9x7.3x6.5xn/m8.4x12.9x14.0x11.3x12.7x
EV / EBITDA 6.3x6.2x6.6x7.4x4.5x8.1x3.2x3.2x5.1x6.9x6.5x6.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

64 /100

Moderate moat

How hard La-z-boy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.5% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 42.0%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median 7.8%; its worst year was 5.0%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 11.3% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 17, 2026, after the close. Analysts expect revenue of $505m and EPS of $0.47 (range $0.47 to $0.48) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.57 −16% $2.1bn −2%
Next $2.81 +10% $2.2bn +4%

Next year's EPS estimate has moved −14.8% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.49 $0.43 −12.8%
Apr 2026 $0.82 $1.26 +54.3%
Jan 2026 $0.59 $0.61 +2.8%
Oct 2025 $0.54 $0.71 +31.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 18, 2026
  • sales fiscal second quarter $500m to $520m
    “We expect fiscal second quarter sales to be in the range of $500-$520 million, reflecting enterprise sales growth of -1% to positive 2%, excluding the impact of wholesale casegoods divestiture.” source
  • adjusted operating margin fiscal second quarter 4% to 5.5% Non-GAAP
    “We expect adjusted operating margin (2) in the range of 4.0-5.5%, reflecting near-term investments and friction costs as we drive our core La-Z-Boy Retail and Wholesale businesses with investments in new stores, advertising, strategic pricing, and digital transformation, while also optimizing our plant footprint and driving our distribution and home delivery transformation."” source
  • enterprise sales growth fiscal second quarter -1% growth to 2% growth
    “We expect fiscal second quarter sales to be in the range of $500-$520 million, reflecting enterprise sales growth of -1% to positive 2%, excluding the impact of wholesale casegoods divestiture.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows La-z-boy Inc's revenue by -0.2% next year and +2.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-0.5%, weight 46%) , management guidance (-2.4%, weight 23%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112

Counts of recommendations published by analysts covering La-z-boy Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.7%
of tradable shares
Days to cover
2.34
at average volume
Short interest, 1 month
−3%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
2.8%
of shares
Employees
10,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +2.7%

$30.86 on October 31, 2025 to $31.70

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.1bn +0.2%
Net margin 4.3% 3.9% −11.2%
P/E multiple 14.2x 15.9x +12.5%
Share count 42m 41m +2.6%

Biggest factor: net margin.

Last 3 years +10.2%

$28.77 on November 3, 2023 to $31.70

ThenNowEffect
Revenue (last 12 months) $2.2bn $2.1bn −5.2%
Net margin 6.3% 3.9% −38.4%
P/E multiple 8.9x 15.9x +78.8%
Share count 43m 41m +5.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LZB−7%−36%+66%+20%−13%−13%
Industry peers (median)−15%−26%+26%−6%−13%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LZB58%33%58%42%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LZB−29%−41%−19%−16%−38%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 55% from November 18, 2019 to March 18, 2020. Getting back needed a 122% gain, reached on November 11, 2020, 238 days after the low.

Price behaviour

52-week range
$28.56 – $41.82
From 52-week high
−24.2%
vs 50-day average
+4.3%
vs 200-day average
−9.2%
Volatility (1 year)
43%
Beta vs S&P 500
0.43

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±9.4%
After a week
6 up, 6 down
typical move ±10.3%
After a month
5 up, 7 down
typical move ±13.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 18, 2026 −18.3% −0.5% −22.8% −28.2%
June 16, 2026 +6.5% −1.8% +10.8% +5.5%
February 17, 2026 −7.3% +0.7% −8.0% −14.4%
November 18, 2025 +21.2% −0.5% +34.0% +34.0%
August 19, 2025 −10.3% −0.8% −5.6% −10.3%
June 17, 2025 −1.6% −0.9% −4.7% −2.7%
February 18, 2025 +3.6% +0.5% +1.2% −14.4%
November 19, 2024 0.0% +0.4% +5.8% −0.1%
August 20, 2024 −5.8% +0.2% −4.1% +2.9%
June 17, 2024 +20.7% +1.1% +10.5% +25.0%
February 20, 2024 −5.1% −0.5% −0.5% −3.1%
November 29, 2023 +11.9% +0.3% +15.2% +18.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How La-z-boy Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

La-z-boy Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) La-z-boy Inc
$2B $2.1B $2.1B $2.2B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $2.1B Revenue (TTM), FY24 Q3: $2.1B Revenue (TTM), FY24 Q4: $2B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.1B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.1B Revenue (TTM), FY26 Q3: $2.1B Revenue (TTM), FY26 Q4: $2.1B Revenue (TTM), FY27 Q1: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $2.1B
FY24 Q3 $2.1B
FY24 Q4 $2B
FY25 Q1 $2.1B
FY25 Q2 $2.1B
FY25 Q3 $2.1B
FY25 Q4 $2.1B
FY26 Q1 $2.1B
FY26 Q2 $2.1B
FY26 Q3 $2.1B
FY26 Q4 $2.1B
FY27 Q1 $2.1B
Revenue growth, TTM YoY La-z-boy Inc
-20% -15% -10% -5% 0% 5% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -13.9% Revenue growth, TTM YoY, FY24 Q3: -16.9% Revenue growth, TTM YoY, FY24 Q4: -12.9% Revenue growth, TTM YoY, FY25 Q1: -7.5% Revenue growth, TTM YoY, FY25 Q2: -2.7% Revenue growth, TTM YoY, FY25 Q3: 1.8% Revenue growth, TTM YoY, FY25 Q4: 3.0% Revenue growth, TTM YoY, FY26 Q1: 2.2% Revenue growth, TTM YoY, FY26 Q2: 1.8% Revenue growth, TTM YoY, FY26 Q3: 1.7% Revenue growth, TTM YoY, FY26 Q4: 0.8% Revenue growth, TTM YoY, FY27 Q1: 0.2% 0.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -13.9%
FY24 Q3 -16.9%
FY24 Q4 -12.9%
FY25 Q1 -7.5%
FY25 Q2 -2.7%
FY25 Q3 1.8%
FY25 Q4 3.0%
FY26 Q1 2.2%
FY26 Q2 1.8%
FY26 Q3 1.7%
FY26 Q4 0.8%
FY27 Q1 0.2%
Operating margin (TTM) La-z-boy Inc
4% 5% 6% 7% 8% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 7.8% Operating margin (TTM), FY24 Q3: 7.5% Operating margin (TTM), FY24 Q4: 7.4% Operating margin (TTM), FY25 Q1: 7.2% Operating margin (TTM), FY25 Q2: 7.4% Operating margin (TTM), FY25 Q3: 7.5% Operating margin (TTM), FY25 Q4: 6.4% Operating margin (TTM), FY26 Q1: 6.0% Operating margin (TTM), FY26 Q2: 5.8% Operating margin (TTM), FY26 Q3: 5.5% Operating margin (TTM), FY26 Q4: 6.1% Operating margin (TTM), FY27 Q1: 5.0% 5.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 7.8%
FY24 Q3 7.5%
FY24 Q4 7.4%
FY25 Q1 7.2%
FY25 Q2 7.4%
FY25 Q3 7.5%
FY25 Q4 6.4%
FY26 Q1 6.0%
FY26 Q2 5.8%
FY26 Q3 5.5%
FY26 Q4 6.1%
FY27 Q1 5.0%
FCF margin (TTM) La-z-boy Inc
4% 5% 6% 7% 8% 9% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 8.3% FCF margin (TTM), FY24 Q3: 6.5% FCF margin (TTM), FY24 Q4: 5.1% FCF margin (TTM), FY25 Q1: 6.3% FCF margin (TTM), FY25 Q2: 5.3% FCF margin (TTM), FY25 Q3: 5.3% FCF margin (TTM), FY25 Q4: 5.4% FCF margin (TTM), FY26 Q1: 4.5% FCF margin (TTM), FY26 Q2: 5.9% FCF margin (TTM), FY26 Q3: 7.4% FCF margin (TTM), FY26 Q4: 6.0% FCF margin (TTM), FY27 Q1: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 8.3%
FY24 Q3 6.5%
FY24 Q4 5.1%
FY25 Q1 6.3%
FY25 Q2 5.3%
FY25 Q3 5.3%
FY25 Q4 5.4%
FY26 Q1 4.5%
FY26 Q2 5.9%
FY26 Q3 7.4%
FY26 Q4 6.0%
FY27 Q1 4.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar La-z-boy took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.1B
  2. Cost of revenue $1.2B · 56.0%
  3. Gross profit $937M · 44.0%
  4. Research and development $10.8M · 0.5%
  5. Selling, general and admin $787M · 37.0%
  6. Operating income $129M · 6.1%
  7. Income tax $35.9M · 1.7%
  8. Net income $102M · 4.8%

Shares of revenue. Source: La-z-boy's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Apr 2010 2011 Apr 2011 2012 Apr 2012 2013 Apr 2013 2014 Apr 2014 2015 Apr 2015 2016 Apr 2016 2017 Apr 2017 2018 Apr 2018 2019 Apr 2019 2020 Apr 2020 2021 Apr 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Apr 2025 2026 Apr 2026 LTM Jul 2026
Income
Revenue 1,179 1,187 1,167 1,274 1,357 1,425 1,525 1,520 1,584 1,745 1,704 1,734 2,357 2,349 2,047 2,109 2,127 2,110
Gross profit 373 354 371 417 464 504 585 609 623 703 721 740 880 965 882 926 937 936
EBITDA 66 50 72 91 112 125 152 162 161 161 150 170 247 252 199 183 177 154
Operating income 40 26 49 68 89 103 125 133 129 130 119 137 207 211 151 136 129 105
Net income 33 24 88 46 55 71 79 86 81 69 77 106 150 151 123 100 102 81
Diluted EPS $0.62 $0.45 $1.64 $0.85 $1.02 $1.34 $1.55 $1.73 $1.67 $1.44 $1.66 $2.30 $3.39 $3.48 $2.83 $2.35 $2.47 $1.99
Growth (year on year)
Revenue — +0.7% −1.7% +9.2% +6.6% +5.0% +7.0% −0.3% +4.2% +10.2% −2.4% +1.8% +35.9% −0.3% −12.9% +3.0% +0.8% +0.2%
EBITDA — −23.5% +43.4% +25.8% +24.0% +11.7% +21.0% +7.0% −0.8% −0.2% −6.8% +13.2% +45.2% +2.1% −20.8% −8.4% −3.2% −10.1%
Operating income — −35.9% +88.0% +38.8% +32.1% +15.5% +21.5% +6.4% −3.0% +0.2% −8.4% +15.1% +51.2% +2.3% −28.7% −9.9% −4.9% −16.2%
Net income — −26.5% +265.8% −47.3% +18.7% +28.5% +12.0% +8.4% −5.9% −15.2% +13.0% +37.4% +40.9% +0.4% −18.6% −18.8% +2.4% −11.0%
Diluted EPS — −27.4% +264.4% −48.2% +20.0% +31.4% +15.7% +11.6% −3.5% −13.8% +15.3% +38.6% +47.4% +2.7% −18.7% −17.0% +5.1% −8.7%
Margins
Gross margin 31.6% 29.8% 31.8% 32.7% 34.2% 35.4% 38.3% 40.1% 39.3% 40.3% 42.3% 42.7% 37.3% 41.1% 43.1% 43.9% 44.0% 44.4%
EBITDA margin 5.6% 4.2% 6.2% 7.1% 8.3% 8.8% 10.0% 10.7% 10.2% 9.2% 8.8% 9.8% 10.5% 10.7% 9.7% 8.7% 8.3% 7.3%
Operating margin 3.4% 2.2% 4.2% 5.3% 6.6% 7.2% 8.2% 8.8% 8.2% 7.4% 7.0% 7.9% 8.8% 9.0% 7.4% 6.4% 6.1% 5.0%
Net margin 2.8% 2.0% 7.5% 3.6% 4.1% 5.0% 5.2% 5.7% 5.1% 3.9% 4.5% 6.1% 6.4% 6.4% 6.0% 4.7% 4.8% 3.9%
Free-cash-flow margin 6.7% 1.5% 5.8% 3.4% 4.2% 1.2% 5.9% 8.4% 5.0% 5.9% 6.9% 15.7% 0.1% 5.8% 5.1% 5.4% 6.0% 4.8%
Cash flow
Cash from operations 90 28 83 68 91 87 115 148 116 151 164 310 79 205 158 187 204 183
Capital spending 11 11 16 25 34 70 25 20 36 48 46 38 77 69 54 74 76 81
Free cash flow 79 17 67 43 57 16 90 128 79 102 118 272 2 136 105 113 128 102
Stock-based pay 5 4 6 11 9 7 8 9 9 11 8 13 12 12 14 17 16 15
Free cash flow after stock pay 73 14 62 32 48 10 82 119 70 91 110 259 −9 124 90 96 112 87
Balance sheet
Cash 108 115 152 131 150 98 112 142 135 130 262 391 246 343 341 328 303 267
Total debt 0 35 10 8 8 1 1 1 0 0 75 — 0 0 0 0 0 0
Net debt (negative = net cash) −108 −80 −143 −123 −142 −97 −112 −141 −134 −130 −187 −391 −246 −343 −341 −328 −303 −267
Diluted shares 52m 52m 52m 54m 54m 52m 51m 49m 48m 47m 47m 46m 44m 43m 43m 42m 41m 41m
Returned to shareholders
Dividends — 0 0 4 11 15 18 21 22 24 25 — 28 30 33 35 38 39
Buybacks — 0 5 10 32 52 44 36 57 23 43 44 91 5 53 78 47 60
Total returned — 0 5 15 43 66 62 57 79 46 68 44 118 35 85 113 85 99

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · July 25, 2026
What it owns · $2.0bn
Short-term assets $746mLonger-term assets $1.2bn
What it owes, and who funded it · $1.5bn
Short-term liabilities $448mShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $746m of assets due within a year against $448m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $105m against $621,000 of interest.

From La-z-boy Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$59.9M
Dividends (TTM)
$38.6M
Returned to shareholders
96%
of free cash flow
Buybacks, last 3 fiscal years
$178M
Diluted share count
−2.6%
year over year
Total shareholder yield
7.8%
dividends 3.0% + buybacks 4.7% of market value
Dividend payout ratio
47%
of net income paid out
Sales & admin spending
38.4%
of revenue

Competitors: side by side with peers

Closest by revenue in home furnishings
Last 12 months unless stated LZB SGI ETD FLXS PRPL MHK Median
Revenue, last 12 months $2.1bn $7.6bn $579m $463m $453m $11.2bn $453m
Revenue growth, last 12 months 0.2% 27.1% −5.7% 3.4% −0.7% 4.5% 0.2%
Revenue growth, 3-year average −1.8% 15.5% −9.9% 5.6% −4.0% 0.1% −2.6%
Revenue growth, latest quarter −3.4% −3.0% −8.5% 3.2% −6.5% 1.0% −1.0%
Gross margin 44.4% 44.2% 61.2% 24.3% 41.8% 24.7% 37.5%
Operating margin 5.0% 12.5% 7.8% 8.7% −7.8% 5.5% 5.3%
Operating margin, 3-year average 6.1% 11.2% 10.0% 6.8% −14.2% 5.8% 5.9%
Net margin 3.9% 7.0% 6.9% 6.7% −10.7% 4.6% 4.6%
Cash from operations / revenue 8.7% 13.0% 9.1% 9.9% −0.7% 12.1% 8.7%
Free-cash-flow margin 4.8% 10.1% 7.2% 9.2% −2.4% 8.0% 4.8%
Free-cash-flow margin, 3-year average 5.2% 9.8% 8.8% 8.2% −6.4% 6.0% 7.6%
Stock pay / revenue 0.7% 0.6% 0.2% 1.0% 0.1% 0.3% 0.4%
Change in share count −2.6% 10.7% −0.2% −9.4% 1.0% −2.6% −0.2%

Median of all 11 companies we cover in home furnishings. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 home furnishings companies
Measure Company Peer median Rank
Revenue growth Growth 0.2% 0.2% 6 of 11
Change in growth rate Growth -0.6pp -0.6pp 7 of 11
Gross margin Profitability 44.4% 37.5% 3 of 11
Operating margin Profitability 5.0% 5.3% 7 of 11
Net margin Profitability 3.9% 4.6% 7 of 11
Free-cash-flow margin Cash generation 4.8% 4.8% 6 of 11
Stock pay as % of revenue Cash generation 0.7% 0.6% 8 of 10
Change in share count Balance sheet -2.6% 1.0% 3 of 10

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to April 25, 2026
Segments
Line of business Revenue YoY
Wholesale $1B ▼ 1.7%
Retail $951M ▲ 5.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From La-z-boy Inc's 10-K filed June 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.6B
Institutions reporting
268
Shares held vs prior quarter
▼ 0.4%
Positions opened / closed
38 / 30

Top buyers and sellers, Q2 2026: 145 institutions bought and 101 sold ; the biggest buyer was AQR Capital Management LLC (+278K shares) and the biggest seller Nomura Asset Management International Inc (−892K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $266M 6.6M 16.3% ▲ 3.1%
Vanguard Portfolio Management LLC $120M 3.0M 7.4% ▲ 9.5%
Dimensional Fund Advisors LP $109M 2.7M 6.7% ▲ 0.4%
Vanguard Capital Management LLC $73.9M 1.8M 4.5% ▲ 0.5%
American Century Companies Inc $73.7M 1.8M 4.5% ▲ 12.6%
State Street Corp $67.2M 1.7M 4.1% ▲ 2.9%
LSV Asset Management $61.8M 1.5M 3.8% ▲ 2.3%
Franklin Resources Inc $56.1M 1.4M 3.4% ▼ 16.3%
Silvercrest Asset Management Group LLC $44.2M 1.1M 2.7% ▼ 5.9%
Geode Capital Management, LLC $42M 1.0M 2.6% ▲ 3.9%
Fuller & Thaler Asset Management, Inc. $36.6M 913K 2.2% ▲ 33.4%
Charles Schwab Investment Management Inc $28.5M 710K 1.7% ▼ 6.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not La-z-boy Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3M 10 trades by 7 insiders · 49% under pre-set plans
Net ▼ $3M net selling
Insider Date Trade Shares Price Value
Sundy Robert Ii President, Retail September 10, 2026 Sell 5,000 $30.85 $154,250
Kerr Janet Director September 8, 2026 Sell pre-set plan 3,653 $31.75 $115,983
Linz Terrence James President, Wholesale Brands June 30, 2026 Sell 2,500 $40.23 $100,575
Richmond Raphaell Z. VP, GC & Chief Compliance Off June 29, 2026 Sell 13,671 $39.83 $544,516
Mccurry Jennifer Lynn Chief Accounting Officer June 25, 2026 Sell 3,715 $41.05 $152,501
Leggett Michael Adam Sr VP & Chief Supply Chain Off June 24, 2026 Sell 9,000 $41.66 $374,940
Whittington Melinda D President & CEO June 23, 2026 Sell pre-set plan 7,364 $40.00 $294,560
Whittington Melinda D President & CEO June 22, 2026 Sell pre-set plan 26,639 $40.24 $1.1M
Mccurry Jennifer Lynn Chief Accounting Officer June 18, 2026 Sell 3,410 $40.60 $138,446
Leggett Michael Adam Sr VP & Chief Supply Chain Off February 20, 2026 Sell 2,200 $37.00 $81,400

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of La-z-boy Inc shares.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded March 12, 2026, filed April 8, 2026
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded July 16, 2024, filed August 15, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 17, 2026 estimated from the company's past filing pattern, not announced

  • August 18, 2026
  • June 16, 2026
  • February 17, 2026
  • November 18, 2025
  • August 19, 2025
  • June 17, 2025

Recent SEC filings

Data status

When each part of this page on La-z-boy Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

La-z-boy Inc in brief

What does La-z-boy Inc do?
La-z-boy Inc is a US-listed company in the home furnishings industry. Its financial year ends in April.
What is La-z-boy Inc's stock ticker?
La-z-boy Inc trades under the ticker LZB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is La-z-boy Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, La-z-boy Inc reported revenue of $2.1B, 0.2% higher than a year earlier, according to its SEC filings.
What is La-z-boy Inc's free cash flow?
La-z-boy Inc's free-cash-flow margin is 4.8% of revenue over the trailing twelve months, ranking 6 of the 11 home furnishings companies we cover.
What is La-z-boy Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of La-z-boy Inc's free cash flow after stock-based pay gives ~$45 per share in the base case, and ~$35–$57 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are La-z-boy Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is La-z-boy Inc buying back stock, and does it pay a dividend?
La-z-boy Inc spent $59.9M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is La-z-boy Inc's market cap?
On November 2, 2026, La-z-boy Inc's market capitalisation was about $1.3B, with a price-to-earnings ratio of 15.9 and net debt of -$267M. Market figures come from third-party market data and may be delayed.
Does La-z-boy Inc pay a dividend?
Yes: La-z-boy Inc paid $38.6M in dividends over the trailing twelve months, a dividend yield of 3.04% and a payout ratio of 47.4%.
Who are La-z-boy Inc's competitors?
In our Home Furnishings peer group, the companies closest to La-z-boy Inc are Somnigroup International Inc., Ethan Allen Interiors Inc, Flexsteel Industries Inc, Purple Innovation, Inc. and Mohawk Industries Inc. The side-by-side comparison below sets their revenue, margins and growth against La-z-boy Inc's.
Are insiders buying or selling La-z-boy Inc stock?
Over the last 12 months, La-z-boy Inc's directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is La-z-boy Inc's next earnings date?
Around November 17, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — La-z-boy Inc announces its own schedule.