Furniture company La-Z-Boy (NYSE:LZB) will be reporting earnings this Tuesday after market close. Here’s what you need to know.
La-Z-Boy beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $521.8 million, up 4.3% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ Retail revenue estimates but revenue guidance for next quarter slightly missing analysts’ expectations.
Is La-Z-Boy a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting La-Z-Boy’s revenue to be flat year on year at $558.6 million, improving from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.93 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. La-Z-Boy has missed Wall Street’s revenue estimates three times over the last two years.
Looking at La-Z-Boy’s peers in the home furnishings segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Purple’s revenues decreased 13.2% year on year, meeting analysts’ expectations, and Lovesac reported revenues up 4.3%, topping estimates by 0.7%. Purple traded up 7.8% following the results while Lovesac was down 19%.
Read our full analysis of Purple’s results here and Lovesac’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the home furnishings stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.2% on average over the last month. La-Z-Boy is down 11.6% during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $38.58).
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