Filing Flows › La-Z-Boy (LZB) › Q1 FY26
La-Z-Boy (LZB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 19, 2025
La-Z-Boy (LZB) reported revenue of $492M for the first quarter fiscal 2026 (Q1 FY26), -0.7% from a year earlier and -14% from the quarter before. Operating margin was 4.5%, net earnings $18.2M (3.7% of revenue).
La-Z-Boy, Q1 FY26: revenue $492M (-0.7% year over year), operating margin 4.5%, net earnings $18.2M, operating cash flow $36.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $492M | -14% | -0.7% |
| Gross profit | $209M | -17% | -2% |
| Operating profit | $22.0M | -26% | -32% |
| Net earnings | $18.2M | +22% | -30% |
| Operating cash flow | $36.3M | -41% | -31% |
| Free cash flow | $17.8M | — | -51% |
What changed
Revenue was $492.2M in Q1 FY26, down 1% year over year and down 14% from the previous quarter.
Gross margin was 42.5%, down 0.6 points from a year earlier. Operating profit was $22.0M, a 4.5% margin (down 2.1 points year over year). Operating expenses grew 3% against a revenue fall of 1%. Net earnings were $18.2M, down 30% year over year. The effective tax rate was 25.0%.
Operating cash flow was $36.3M (down 31% year over year), 198% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $3.2M. After capital expenditures ($18.5M), free cash flow as the company reports it was $17.8M.
Questions
What was La-Z-Boy's revenue in the first quarter fiscal 2026?
La-Z-Boy (LZB) reported revenue of $492M for the first quarter fiscal 2026 (Q1 FY26), -0.7% from a year earlier and -14% from the quarter before.
Was La-Z-Boy profitable in the first quarter fiscal 2026?
Operating profit was $22.0M (4.5% of revenue) and net earnings $18.2M.
Source: La-Z-Boy 10-Q on SEC EDGAR.