La-Z-Boy Incorporated reported essentially flat revenue for its second quarter of fiscal 2026, with sales of $522.5 million versus $521.0 million a year earlier. Net income attributable to the company was $28.9 million, down slightly from $30.0 million, and diluted earnings per share were $0.70 compared with $0.71.
For the first six months, sales were $1.01 billion versus $1.02 billion, while net income attributable to La-Z-Boy declined to $47.1 million from $56.2 million, reflecting higher selling, general and administrative expenses. Operating cash flow strengthened to $86.3 million from $68.3 million, and cash and equivalents rose to $338.5 million.
The company committed to sell a portion of its Casegoods wholesale business, classifying $29.4 million of related assets as held for sale without recording impairment. It also amended its $200 million unsecured revolving credit facility, extending maturity to July 2030, and had no borrowings outstanding. After quarter end, La-Z-Boy agreed to acquire 15 additional La-Z-Boy Stores and four distribution centers for approximately $85.5 million, to be included in the Retail segment.
La-Z-Boy Incorporated reported that it issued a news release on November 18, 2025 to announce its financial results for the fiscal quarter ended October 25, 2025. The company furnished this news release as Exhibit 99.1 to a Form 8-K, using Item 2.02 for results of operations and financial condition and Item 7.01 for Regulation FD disclosure. The company also states that the information in Items 2.02 and 7.01 and Exhibit 99.1 is being furnished, not filed, so it is not subject to certain Exchange Act liabilities and is not automatically incorporated into other securities law filings.
La-Z-Boy Incorporated announced a strategic realignment of its commercial leadership to sharpen focus on core businesses and position the company for scalable, long-term growth and greater agility in home furnishings.
Effective October 10, 2025, Terrence J. (Tj) Linz, formerly President, Portfolio Brands, was appointed President, Wholesale Brands, and Robert (Rob) Sundy, formerly President, La‑Z‑Boy Brand and Chief Commercial Officer, was appointed President, Retail. Rebecca M. Reeder, who served as President, Retail La‑Z‑Boy Furniture Galleries since April 2023, will leave the company effective October 31, 2025.
The company furnished a related news release under Regulation FD (Exhibit 99.1).
Dimensional Fund Advisors LP reported ownership of 2,648,484 shares of La‑Z‑Boy Inc common stock, representing 6.4% of the outstanding class. Dimensional states it has sole voting power over 2,589,513 shares and sole dispositive power over 2,648,484 shares, but disclaims beneficial ownership because the shares are owned by a group of funds and accounts it advises. The filing clarifies these holdings are held by investment company clients and commingled vehicles and were acquired in the ordinary course of business, not to influence control of the issuer. The Schedule 13G/A identifies Dimensional as an investment adviser reporting under the passive/beneficial-ownership rules and documents the adviser’s aggregate position and voting/dispositive powers.
Janet Kerr, a director of La-Z-Boy Incorporated (LZB), reported the sale of 3,372 common shares on 09/08/2025. The sales were effected under a Rule 10b5-1 trading plan adopted March 11, 2025, and the disclosed weighted-average sale price was $35.7024, with individual trade prices ranging from $35.6291 to $35.77. Following the reported disposition, Ms. Kerr is shown as beneficially owning 3,653 common shares, held directly. No derivative transactions were reported on this Form 4.
La-Z-Boy Incorporated (LZB) Form 144 shows a proposed sale of 3,372 common shares held by an insider following RSU vesting. The filing reports an aggregate market value of $118,936.79 based on the sale amount and lists the total shares outstanding as 41,207,237. The securities were acquired by RSU vesting on 08/29/2025 and the filer indicates an approximate sale date of 09/08/2025 through Wells Fargo Clearing Services on the NYSE. No other sales in the past three months are reported and the filing includes the standard insider representation about material nonpublic information.
La-Z-Boy insider grant: Director Lauren B. Peters was granted 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan. Each RSU is the economic equivalent of one share of LZB common stock and will be settled in stock within 60 days after vesting, which occurs on the one-year anniversary of the grant date. Following this grant, Ms. Peters beneficially owns 15,497 common shares of LZB. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
Rebecca L. O'Grady, a director of La-Z-Boy Incorporated (LZB), was granted 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy 2024 Omnibus Incentive Plan. Each RSU equals the economic equivalent of one share of LZB common stock and will be settled in shares within 60 days after the RSUs vest on the one-year anniversary of the award date.
Following the grant, Ms. O'Grady beneficially owns 15,497 shares in total as reported on the Form 4. The grant was reported at a $0 price, consistent with typical equity compensation awards that convert to shares upon vesting.
La-Z-Boy director Michael T. Lawton received 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan. Each RSU is the economic equivalent of one share of LZB common stock and was granted at a reported price of $0. After the grant, Mr. Lawton beneficially owns 15,497 common shares. The RSUs vest on the one-year anniversary of the award and will be settled in stock within 60 days following the vesting date. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
La-Z-Boy insider grant summary: Mark Stephen LaVigne, a director of La-Z-Boy Incorporated (LZB), was granted 3,653 restricted stock units on 08/28/2025 under the La-Z-Boy 2024 Omnibus Incentive Plan. Each restricted stock unit is the economic equivalent of one share of LZB common stock and was recorded at a transaction price of $0. After the grant, the reporting person beneficially owns 12,768 shares. The RSUs vest on the one-year anniversary of the award and will be settled in stock within 60 days following the vesting date. The Form 4 was filed by one reporting person and bears the signature of Uzma Ahmad, Attorney-in-Fact, dated 08/29/2025.