NEW YORK, June 16, 2026, 19:02 (EDT)
- La-Z-Boy shares rebounded sharply in after-hours trading after a 7.2% regular-session drop.
- Adjusted earnings beat Wall Street views; revenue was roughly flat from a year earlier.
- Retail expansion helped results, but same-store orders and Joybird sales stayed weak.
La-Z-Boy Incorporated shares jumped nearly 17% in late trading on Tuesday after the furniture maker reported fourth-quarter profit well ahead of Wall Street forecasts, reversing a sharp fall during the regular session.
The stock had closed down 7.2% at $35.06 before moving to $40.99 after hours, when trading runs outside the New York Stock Exchange’s core 9:30 a.m. to 4 p.m. session and can move more sharply on earnings news.
The move matters because La-Z-Boy is trying to show that store expansion and cost actions can offset a still-sluggish furniture market. Big-ticket home goods remain tied to housing turnover, interest rates and consumer confidence, and the company’s own filings say demand for its products can be delayed when consumers pull back.
La-Z-Boy earned $33.3 million, or 81 cents a share, in the quarter ended April 25. Adjusted earnings, which exclude some one-time gains and costs, were $1.26 a share, above the 82 cents expected by analysts surveyed by Zacks Investment Research; revenue of $570.3 million also topped the $569.2 million forecast.
The Monroe, Michigan-based company said retail written sales, a measure of customer orders, rose 11%, while delivered sales rose 9%. Its company-owned store base reached 230 locations, or 61% of its total 378-store network, and the board approved a new $300 million share buyback program.
Chief Executive Melinda Whittington said La-Z-Boy had a “strong finish to the fiscal year” and was “playing offense” through new stores and acquisitions. Chief Financial Officer Taylor Luebke said the company still had a “measured view” of the external environment. QuoteMedia
There were weak spots. Written same-store sales, which strip out new and acquired stores, fell 2%. Wholesale sales dropped 2% to $393 million, and Joybird delivered sales fell 10% to $32 million; La-Z-Boy also recorded a $20 million goodwill impairment, a write-down that lowers the value assigned to that business on its books.
The company forecast first-quarter revenue of $490 million to $510 million and adjusted operating margin of 4.0% to 5.5%. Luebke also pointed to normal seasonality, including lower summer demand and an annual one-week plant shutdown, as a drag on the July quarter.
But the risk is that the after-hours rally proves thin if orders do not improve. A softer housing market, lower traffic, tariff-related costs or another leg down at Joybird could keep pressure on margins even as La-Z-Boy adds stores and buys back stock.
Other home-furnishing names were mixed late Tuesday. Ethan Allen fell about 1.7%, Bassett Furniture edged lower, and Hooker Furnishings dropped more than 5%, while the SPDR S&P 500 ETF, a broad market proxy, was down about 0.6%.
