Wednesday 14 October 2026
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La-Z-Boy Incorporated
LZB Consumer Cyclical Furnishings Fixtures & Appliances
La-Z-Boy Incorporated’s revenue for fiscal 2026 (year ended April 2026) was $2.1 billion, up 0.83% from fiscal 2025. In the quarter to July 2026, revenue fell 3.36%, EPS fell 113.6% and free cash flow fell 100.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
29.70
0.24
−0.80%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 23.15 | 25.30 | 26.87 | 15.61 | 31.92 | 21.92 | 22.86 | 32.00 | 29.03 | 28.79 |
Analyst estimates 2027–2029 Powerpack |
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| High | 34.25 | 39.15 | 37.48 | 42.69 | 46.74 | 38.16 | 38.00 | 46.47 | 48.31 | 44.90 | |||||
| People | |||||||||||||||
| People | Employees | 8,950 | 9,000 | 9,700 | 9,500 | 11,500 | 12,800 | 10,500 | 10,200 | 10,600 | 10,200 | ||||
| Revenue/emp, $m | 0.17 | 0.18 | 0.18 | 0.18 | 0.15 | 0.18 | 0.22 | 0.20 | 0.20 | 0.21 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,520 | 1,584 | 1,745 | 1,704 | 1,734 | 2,357 | 2,349 | 2,047 | 2,109 | 2,127 | ||||
| Gross margin, % | 40.08 | 39.32 | 40.25 | 42.34 | 42.68 | 37.33 | 41.06 | 43.07 | 43.92 | 44.04 | |||||
| EBT | 131 | 129 | 95 | 115 | 146 | 205 | 206 | 166 | 147 | 139 | |||||
| EBT margin, % | 8.60 | 8.14 | 5.46 | 6.76 | 8.41 | 8.72 | 8.76 | 8.10 | 6.98 | 6.53 | |||||
| Net income | 87 | 82 | 70 | 79 | 108 | 152 | 152 | 125 | 101 | 103 | |||||
| Depreciation | 29 | 32 | 31 | 58 | 33 | 113 | 117 | 125 | 144 | 152 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 31.05 | 33.26 | 37.27 | 36.72 | 37.71 | 53.54 | 54.45 | 47.74 | 50.70 | 51.89 | ||||
| Earnings | 1.73 | 1.67 | 1.46 | 1.67 | 2.31 | 3.41 | 3.49 | 2.86 | 2.39 | 2.49 | |||||
| Cash flow | 3.02 | 2.43 | 3.22 | 3.54 | 6.74 | 1.79 | 4.76 | 3.69 | 4.50 | 4.98 | |||||
| Capex | (0.40) | (0.73) | (0.99) | (0.75) | (0.77) | (1.23) | (1.59) | (1.13) | (1.78) | (1.23) | |||||
| Free cash flow | 2.62 | 1.70 | 2.23 | 2.79 | 5.97 | 0.57 | 3.16 | 2.55 | 2.73 | 3.75 | |||||
| Book value | 12.28 | 13.13 | 14.88 | 15.44 | 17.01 | 18.62 | 22.07 | 23.63 | 24.81 | 25.93 | |||||
| Shares, m | 49 | 48 | 47 | 46 | 46 | 44 | 43 | 43 | 42 | 41 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 16.32 | 17.04 | 22.47 | 14.04 | 19.25 | 7.93 | 8.10 | 11.48 | 16.53 | 13.95 | ||||
| P/S | 0.91 | 0.87 | 0.88 | 0.64 | 1.18 | 0.51 | 0.52 | 0.69 | 0.78 | 0.67 | |||||
| P/B | 2.31 | 2.19 | 2.20 | 1.52 | 2.61 | 1.45 | 1.28 | 1.39 | 1.59 | 1.34 | |||||
| EV/Sales | 0.82 | 0.78 | 0.80 | 0.53 | 0.98 | 0.42 | 0.39 | 0.55 | 0.65 | 0.55 | |||||
| EV/FCF | 9.66 | 15.28 | 13.47 | 6.95 | 6.19 | 39.64 | 6.76 | 10.20 | 12.04 | 7.61 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 148 | 116 | 151 | 164 | 310 | 79 | 205 | 158 | 187 | 204 | ||||
| Capex | (20) | (35) | (46) | (35) | (35) | (54) | (69) | (49) | (74) | (50) | |||||
| Free cash flow | 128 | 81 | 104 | 129 | 275 | 25 | 136 | 110 | 113 | 154 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 319 | 337 | 302 | 276 | 314 | 276 | 379 | 400 | 385 | 344 | ||||
| Total debt | 1 | 0 | 0 | 75 | 363 | 430 | 446 | — | — | — | |||||
| Net debt | (150) | (136) | (132) | (189) | (395) | (249) | (347) | (341) | (328) | (303) | |||||
| Shareholders’ equity | 601 | 625 | 697 | 716 | 782 | 820 | 952 | 1,013 | 1,032 | 1,063 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 10.13 | 9.08 | 7.02 | 6.21 | 6.61 | 8.07 | 7.93 | 6.49 | 5.19 | 5.14 | ||||
| ROIC | 18.49 | 16.54 | 14.33 | 14.06 | 22.06 | 22.64 | 21.83 | 14.02 | 12.07 | 10.63 | |||||
| ROE | 14.76 | 13.19 | 10.37 | 10.96 | 14.21 | 18.73 | 17.01 | 12.48 | 9.73 | 9.74 | |||||
Negative figures in brackets.
Fiscal years to Apr 2026 · latest quarter Jul 2026
Charts ten years each
La-Z-Boy Incorporated vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| HNI HNI Corporation | $3.4B | 434× | 9.9× | +120.72% (above 0%: growing) | −32.69% (below 0%: shrinking) | +688.27% (above 0%: growing) | 43.96% | 6.26% | Compare |
| TILE Interface, Inc. | $2.0B | 14.2× | 13.8× | +5.37% (above 0%: growing) | +58.93% (above 0%: growing) | +14.82% (above 0%: growing) | 45.00% | 18.93% | Compare |
| WHR Whirlpool Corporation | $1.9B | 10.0× | 21.5× | −6.79% (below 0%: shrinking) | −1.71% (below 0%: shrinking) | +69.84% (above 0%: growing) | 12.57% | 4.63% | Compare |
| MLKN MillerKnoll, Inc. | $1.5B | 15.2× | 8.3× | −3.38% (below 0%: shrinking) | +31.03% (above 0%: growing) | +177.93% (above 0%: growing) | 41.73% | 5.61% | Compare |
| MBC MasterBrand, Inc. | $1.3B | — (loss-making) | — | +11.53% (above 0%: growing) | n/m | +83.07% (above 0%: growing) | 25.21% | (3.41%) | Compare |
| LZB La-Z-Boy Incorporated | $1.2B | 15.0× | 12.3× | −3.36% (below 0%: shrinking) | n/m | −100.71% (below 0%: shrinking) | 43.87% | (0.44%) | |
| XMAX XMax Inc. | $559.9M | 19.8× | — (loss-making) | +7.06% (above 0%: growing) | n/m | −4,043.35% (below 0%: shrinking) | 39.84% | (44.49%) | Compare |
| ETD Ethan Allen Interiors Inc. | $512.2M | 13.1× | 14.8× | −8.48% (below 0%: shrinking) | −4.17% (below 0%: shrinking) | −14.27% (below 0%: shrinking) | 63.11% | 9.78% | Compare |
| HBB Hamilton Beach Brands Holding Company | $465.4M | 8.1× | — (loss-making) | +11.63% (above 0%: growing) | +657.58% (above 0%: growing) | +283.98% (above 0%: growing) | 54.33% | 30.29% | Compare |
| Median of peers | $1.4B | 14.2× | 13.8× | +6.22% | +14.66% | +76.46% | 42.85% | 5.94% |
La-Z-Boy Incorporated (LZB) key facts
- Strength: La-Z-Boy Incorporated’s revenue for fiscal 2026 (year ended April 2026) was $2.1 billion, up 0.83% from fiscal 2025.
- Strength: Net income was $102.9 million, or $2.49 per share (basic), a net margin of 4.80%.
- La-Z-Boy Incorporated (LZB) is a Furnishings Fixtures & Appliances company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 14, 2026, LZB traded at $29.70, a market capitalization of $1.2 billion.
- At that price the stock trades at 15.0× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 41% of its own readings over the past ten years.
- La-Z-Boy Incorporated pays an annual dividend of $0.97 per share, a yield of 3.23%, with a payout ratio of 49.1%.
- Return on equity was 9.74% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.74 (grey zone) for fiscal 2026.
La-Z-Boy Incorporated (LZB) Latest News
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