{
  "id": 1944459,
  "title": "Earnings call transcript: La-Z-Boy misses Q1 2027 estimates as shares slide",
  "url": "https://urgent.news/2026/08/19/earnings-call-transcript-la-z-boy-misses-q1-2027-estimates-as-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T13:28:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-lazboy-misses-q1-2027-estimates-as-shares-slide-93CH-4867614"
  },
  "original_language": "en",
  "account": "La-Z-Boy released its fiscal first-quarter 2027 earnings, reporting adjusted earnings per share of $0.43 on revenue of $476 million, falling short of analysts' expectations of $0.49 per share and $495.45 million in revenue. The decline was primarily due to weaker wholesale and Joybird segments, along with higher costs from major supply-chain projects. Shares of La-Z-Boy plunged 16.97% in premarket trading, reaching $33.90 from the previous close of $40.83. Despite a 3% decline in consolidated sales year-over-year, the company's core retail segment continued to show momentum, fueled by acquisitions and new stores. La-Z-Boy's financial health score, as per InvestingPro analysis, stands at 2.61 out of 5, indicating a good standing with strong cash flow management. The company maintains a cash position of $267 million with no external debt. La-Z-Boy's adjusted operating margin decreased year-over-year, and higher SG&A costs impacted margins. The company's vertically integrated model, with over 90% of production domestically, provides a competitive advantage. The earnings miss overshadowed the positive retail trends, leading investors to focus on the weaker-than-expected bottom line and the company's near-term cost burden. La-Z-Boy expects sales of $500 million to $520 million and an adjusted operating margin of 4% to 5.5% for the fiscal second quarter.",
  "summary": null,
  "key_points": [
    "La-Z-Boy missed Q1 2027 earnings estimates with $0.43 EPS and $476 million revenue",
    "Shares dropped 16.97% in premarket trading to $33.90",
    "Core retail segment showed momentum despite overall sales decline"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}