{
  "id": 2737270,
  "title": "La-Z-Boy (LZB) Fell 16% After Hours. Is Retail Growth Hiding a Wholesale Problem?",
  "url": "https://urgent.news/2026/08/21/la-z-boy-lzb-fell-16-after-hours-is-retail-growth-hiding-a-wholesale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T22:57:33.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/la-z-boy-lzb-fell-225733519.html"
  },
  "original_language": "en",
  "account": "La-Z-Boy Incorporated (NYSE:LZB) saw its stock price drop by about 16% in after-hours trading following the release of its fiscal first-quarter results. The company's sales in its retail business grew by 10%, and same-store sales increased by 3%, while overall consolidated sales declined by 3% to $475.7 million. Adjusted operating margin for the quarter narrowed to 3.9% from 4.8%. Management expressed cautiousness about the fiscal second-quarter outlook, predicting sales between $500 million and $520 million, below expectations of roughly $537 million, and an adjusted operating margin range of 4.0% to 5.5%. The reaction from investors suggests that retail growth may not be sufficient to drive the broader business. The company reported adjusted diluted earnings of $0.43 per share, down from $0.47 a year earlier. Adjusted operating income dropped 20% to $18.7 million, indicating that the decline was not limited to revenue but also affected operating income. Wholesale sales fell by 9% to $322.9 million, remaining down 5% even when excluding the divested casegoods business. Joybird's sales declined 4%, with written sales dropping by 17%. Despite the challenges, La-Z-Boy's retail strategy appears to be generating measurable growth. The company added four company-owned stores during the quarter, bringing the total to 234. Management anticipates that investments in new stores, advertising, and digital transformation will put pressure on second-quarter margins.",
  "summary": null,
  "key_points": [],
  "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."
}