Filing Flows › La-Z-Boy (LZB) › Q3 FY26
La-Z-Boy (LZB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 17, 2026
La-Z-Boy (LZB) reported revenue of $542M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before. Operating margin was 5.5%, net earnings $21.8M (4.0% of revenue).
La-Z-Boy, Q3 FY26: revenue $542M (+4% year over year), operating margin 5.5%, net earnings $21.8M, operating cash flow $89.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $542M | +4% | +4% |
| Gross profit | $234M | +1% | +0.9% |
| Operating profit | $29.8M | -18% | -15% |
| Net earnings | $21.8M | -25% | -25% |
| Operating cash flow | $89.4M | +79% | +57% |
| Free cash flow | $71.6M | +142% | +87% |
What changed
Revenue was $541.6M in Q3 FY26, up 4% year over year and up 4% from the previous quarter.
Gross margin was 43.1%, down 1.2 points from Q3 FY25. Operating profit was $29.8M, a 5.5% margin (down 1.2 points year over year). Operating profit fell $5.4M even though revenue rose $19.8M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 4%. Net earnings were $21.6M, down 24% year over year. The effective tax rate was 31.3%.
Operating cash flow was $89.4M (up 57% year over year), 410% of net earnings. Non-cash charges added back $12.5M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $51.5M. Capital expenditures of $17.8M left free cash flow of $71.6M.
Questions
What was La-Z-Boy's revenue in the third quarter fiscal 2026?
La-Z-Boy (LZB) reported revenue of $542M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before.
Was La-Z-Boy profitable in the third quarter fiscal 2026?
Operating profit was $29.8M (5.5% of revenue) and net earnings $21.8M.
Source: La-Z-Boy 10-Q on SEC EDGAR.