Distribution and Home Delivery Transformation
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La-Z-Boy Q3 Earnings Call Highlights
Yahoo Finance· 2026-02-18 21:44
In the retail segment, delivered sales rose 11% to $252 million , driven by acquired and new stores. Retail adjusted operating margin was 10.7% , flat versus the prior year, as acquisition accretion was offset by investments in new stores and fixed-cost deleverage from lower delivered same-store sales.CFO Taylor Luebke said changes in profitability were “largely driven by investments” in the company’s multi-year distribution and home delivery transformation project. Adjusted gross margin increased 10 basis ...