Filing Flows › La-Z-Boy (LZB) › Q1 FY27
La-Z-Boy (LZB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 18, 2026
La-Z-Boy (LZB) reported revenue of $476M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -17% from the quarter before. Operating margin was -0.4%, net loss $2.0M (0.4% of revenue).
La-Z-Boy, Q1 FY27: revenue $476M (-3% year over year), operating margin -0.4%, net loss $2.0M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $476M | -17% | -3% |
| Operating profit | −$2.1M | -105% | -110% |
| Net earnings | −$2.0M | -106% | -111% |
| Operating cash flow | $15.6M | -45% | -57% |
What changed
Revenue was $475.7M in Q1 FY27, down 3% year over year and down 17% from the previous quarter.
Gross margin was 43.9%, up 1.4 points from Q1 FY26. Operating costs exceeded revenue by $2.1M, an operating margin of -0.4%. Operating expenses grew 13% against a revenue fall of 3%. The quarter ended with a net loss of $2.0M, after a profit of $33.8M the previous quarter. Net interest and other expense of $1.6M was the main reason.
Operating cash flow was $15.6M (down 57% year over year). Non-cash charges added back $12.7M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $23.3M exceeded it, leaving free cash flow of −$7.6M.
Questions
What was La-Z-Boy's revenue in the first quarter fiscal 2027?
La-Z-Boy (LZB) reported revenue of $476M for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -17% from the quarter before.
Was La-Z-Boy profitable in the first quarter fiscal 2027?
Operating loss was $2.1M (-0.4% of revenue) and net loss $2.0M.
Source: La-Z-Boy 10-Q on SEC EDGAR.