LA-Z Boy

Q1 FY2027 EarningsQ1 FY27 results missed consensus across all primary financial metrics. Revenue of $475.7M fell short of the $501.4M estimate (-5.13%), while GAAP EPS was a loss of ($0.06) compared to the expected $0.49 profit. The miss was primarily driven by lower wholesale volumes, the divestiture of Casegoods, and significant supply chain optimization charges totaling over $17M. Management expects full-year capital expenditures of $90M to $110M, aligning with continued retail expansion despite current macroeconomic volatility.