La-Z-Boy Incorporated (LZB) Stock

La-Z-Boy Incorporated (LZB) is a Consumer Discretionary stock trading at $33.70 (as of 2026-08-21), with a market capitalization of $1.35B and a trailing P/E of 20.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.

Understand La-Z-Boy Incorporated: how it makes money

La-Z-Boy manufactures and sells upholstery furniture, accessories, and casegoods, earning money through wholesale distribution/imports and through its retail store network.

Profit hinges on how delivered sales flow through the Wholesale and Retail channels, then how that mix translates into operating margin (with retail same-store sales declines highlighting demand and volume risk at the company-owned store base).

Business quality (Weak): Segment breakdown uses delivered-sales style figures from the candidates, and the sum does not perfectly align with the stated total revenue, so treat segment contribution as directional.

Valuation: At 16× earnings, LZB trades 39% below the Consumer Goods average (26×). Note: one-time items can distort reported P/E.

Bull case

  • Retail demand signal tracked by written same-store sales is down, but the company still operates a sizeable company-owned gallery network (company-owned store base 230, and company-owned stores are 60% of the Lazy Boy store network): A large store footprint can help stabilize delivered furniture sales when the broader retail environment changes.
  • Gross margin is 43.1% and operating margin is 5.5%, showing the company can generate operating profit from its cost structure at the consolidated level: If delivered sales hold up, the business model has demonstrated an ability to convert gross margin into positive operating margin.

Bear case

  • Company-owned retail written same-store sales decreased by 9.0% (and the Lazy Boy Furniture Galleries Network written same-store sales decreased by 4.0%): Ongoing retail sales weakness can pressure volume and operating performance, particularly for the company-owned store base.
  • Operating margin is 5.5%, which leaves limited room for adverse moves in costs or demand: Because margins are not high, unfavorable changes in delivered sales or expenses can quickly impact operating results.
Valuation — source: SEC EDGAR (first-party)
Price$33.70
Market Cap$1.35B
P/E Ratio20.3
EV / EBITDA8.1
Price / Book1.32
Price / Sales0.66
FCF Yield13.1%
DCF Value (model)$42.95
DCF Upside vs Price27.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.13B
Net Margin4.8%
Revenue Growth (YoY)0.8%
EPS Growth (YoY)4.2%
FCF Growth (YoY)13.1%
Financial Health — source: SEC EDGAR
Altman Z-Score2.69 (grey)
Valuation vs Sector & Industry
Stock P/E20.3
Sector P/E (Consumer Discretionary)20.7
Industry P/E (Consumer Goods)22.1
vs Sector-2.1%
vs Industry-8.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($206.40M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorConsumer Discretionary
IndustryConsumer Goods
CEOMelinda D. Whittington
Employees10,200
CountryUS
IPO Date1973-02-21

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LZB earnings history · LZB institutional & insider holders · LZB KPIs & operating metrics · LZB financials · LZB investor presentations & press releases · LZB SEC filings · LZB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.