Fiscal 2026 Second Quarter Highlights : Delivered sales of $522 million, up slightly from prior year period Retail segment written sales increased 4% Same-store sales trends improved sequentially Opened five new company-owned stores (and closed three); opened 15 new stores in the last 12 months (and closed five) Wholesale segment delivered sales increased 2% Consolidated two additional distribution centers as part of distribution and home delivery transformation GAAP operating margin of 6.9% and adjusted (1) operating margin of 7.1% GAAP diluted EPS of $0.70 and adjusted (1) diluted EPS of $0.71 Generated $50 million in operating cash flow for the quarter, triple last year's comparable period Quarterly dividend increased 10% to $0.242, the 5th consecutive year of double-digit increases Additional Strategic Initiatives : Completed 15-store acquisition in southeast U.S. region; adding an estimated $80 million in annual Retail sales (approximately $40 million net to enterprise) Announced planned exit of non-core businesses (Kincaid and American Drew casegoods and Kincaid upholstery) Announced proposed closure of UK manufacturing facility Strategically realigned leadership and corporate staffing to focus on core businesses To be substantially completed by the end of the fiscal year, these initiatives combined will reduce sales by approximately $30 million, net, and increase margins by 75-100 bps MONROE, Mich., Nov. 18, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported second quarter results for the period ended October 25, 2025.