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La-Z-Boy LZB Corporate and Other — Goodwill impairment

Other segment segments

Retail
$0
Wholesale
$0

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Other financials

Income statement

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Revenue$570.3M-0.1%
Gross profit$262.8M+4.7%
Operating income$41.2M+39.6%
Net income$33.3M+123%
EPS (diluted)$0.82+134%

Balance sheet

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Cash & equivalents$303.2M-7.7%
Total debt$565.2M+14.9%
Total equity$1.0B+2.9%
Total assets$2.0B+6.3%

Cash flow

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Operating cash flow$28.4M-54.2%
CapEx$19.6M-14.0%
Free cash flow$8.8M-77.5%

Valuation

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Market cap$1.63B+7.7%
Enterprise value$1.89B-4.0%
P/E15.9×-0.5×
P/S0.8×0.0×

Profitability

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Gross margin44%+0.1pp
Operating margin6.1%-0.4pp
Net margin4.8%+0.1pp
FCF margin6%+0.6pp

Returns & leverage

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Return on equity9.9%0.0pp
Debt / equity0.5×+0.1×
Current ratio1.8×-0.1×

Where this comes from

Reported directly by La-Z-Boy in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: La-Z-Boy’s 10-Q, filed August 19, 2025.

Filed
Aug 19, 2025
Fiscal quarter
Q1 FY2026
Calendar quarter
Q3 2025
Accession
0000057131-25-000081

(1) Includes $26.9 million and $20.6 million of accumulated impairment losses in Corporate and Other and the Wholesale segment, respectively.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is La-Z-Boy's corporate and other — goodwill impairment?
La-Z-Boy (LZB) reported corporate and other — goodwill impairment of $26.9M in Q2 2025.
How has La-Z-Boy's corporate and other — goodwill impairment changed year-over-year?
La-Z-Boy's corporate and other — goodwill impairment increased by 30.6% year-over-year, from $20.6M to $26.9M.
What does corporate and other — goodwill impairment mean?
Reflects the non-cash charge recognized when the carrying value of goodwill assigned to corporate-level reporting units exceeds its fair value. This indicates a downward revision in the expected future economic benefits of past acquisitions or corporate assets. High or recurring impairment charges often signal strategic missteps or deteriorating long-term value in non-core business areas.

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