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La-Z-Boy LZB Right of use lease assets

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Segments

By segment

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Wholesale$113.93M

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+11.5%
Enterprise value$1.89B-4.0%
P/E15.9×0.0×
P/S0.8×+0.1×

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 lzb:LeaseRightOfUseAsset.

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, except par value)4/25/20264/26/2025
Property, plant and equipment, net356,717339,212
Goodwill243,300205,590
Other intangible assets, net77,58251,161
Right of use lease assets520,726452,848
Other long-term assets, net70,09667,663
Total assets$2,042,335$1,922,162
Current liabilities
Accounts payable101,87595,984

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is La-Z-Boy's right of use lease assets?
La-Z-Boy (LZB) reported right of use lease assets of $520.73M in Q1 2026.
How has La-Z-Boy's right of use lease assets changed year-over-year?
La-Z-Boy's right of use lease assets increased by 15.0% year-over-year, from $452.85M to $520.73M.
What is the long-term trend for La-Z-Boy's right of use lease assets?
Over 5 years (2021 to 2026), La-Z-Boy's right of use lease assets has grown at a 8.7% compound annual growth rate (CAGR), from $343.8M to $520.73M.
What does right of use lease assets mean?
This represents the capitalized value of the right to use an underlying asset over the lease term as recognized under lease accounting standards. It reflects the company's commitment to leased properties, such as retail showrooms or distribution centers, and is a key component of the company's operating footprint.

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