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La-Z-Boy LZB Wholesale — Gross Profit

Other segment segments

Retail
$152.58M+10.5%

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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:GrossProfit.

The source filing: La-Z-Boy’s 10-K, filed June 16, 2026.

Filed
Jun 16, 2026, 4:19 PM EDT
Fiscal year
FY2026
Accession
0000057131-26-000019
(Amounts in thousands)WholesaleRetailCorporate & OtherIntersegment EliminationsConsolidated
Intersegment sales443,4236,591(450,014)
Total sales1,482,212950,687143,750(450,014)2,126,635
Cost of sales1,102,333418,46265,421(396,182)1,190,034
Gross profit379,879532,22578,329(53,832)936,601
SG&A expenses269,690423,741147,828(53,832)787,427
Goodwill impairment19,96719,967
Operating income (loss)$110,189$108,484$(89,466)$129,207
Interest expense(524)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is La-Z-Boy's wholesale — gross profit?
La-Z-Boy (LZB) reported wholesale — gross profit of $108.41M in Q1 2026.
How has La-Z-Boy's wholesale — gross profit changed year-over-year?
La-Z-Boy's wholesale — gross profit increased by 3.7% year-over-year, from $104.51M to $108.41M.
What is the long-term trend for La-Z-Boy's wholesale — gross profit?
Over 3 years (2023 to 2026), La-Z-Boy's wholesale — gross profit has grown at a -1.8% compound annual growth rate (CAGR), from $401M to $379.88M.
What does wholesale — gross profit mean?
Calculated as wholesale revenue minus the direct costs of manufacturing and distribution, representing the core profitability of the segment before operating expenses. It is a key indicator of pricing power and manufacturing cost control within the wholesale business.

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