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La-Z-Boy CEO Melinda Whittington said the furniture retailer was "evaluating all alternatives" to deal with its ...
The Monroe, Mich., furniture maker said sales for its Joybird brand fell 14%, while same-store sales fell 4%.
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La-Z-Boy earnings slumped on reduced foot traffic in its stores and weakness in its Joybird brand.
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Joybird delivered sales were $28 million, down 20% versus the prior year quarter. Diluted earnings per share totaled $0.44 on a GAAP basis and $0.47 on an adjusted basis.
Discover La-Z-Boy's Q1 2026 earnings insights: strategic retail expansion, sales trends, and strong financials.
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The company added two stores and announced a 15-store acquisition in the Southeast that is expected to close in late October. La-Z-Boy also generated $36 million in operating cash flow during the ...