Core Insights - La-Z-Boy Incorporated reported its Q1 FY2026 earnings, showing a slight decline in revenue and a significant drop in net profit compared to the previous year [1][2] Financial Performance - The company achieved a revenue of $492 million for the quarter, with a net profit of $18.2 million, resulting in a net profit margin of 3.70% [1] - Gross margin stood at 42.50%, and operating margin was 4.47% [1] - Cash flow from operating activities was $35.51 million, while free cash flow amounted to $17.05 million [1] - Year-over-year, revenue decreased by 0.67%, and net profit fell by 30.41% [1] Business Composition - The core business segments are wholesale and retail, with wholesale accounting for 50.11% of revenue and retail for 42.59% as of April 30, 2025 [2] - The company's asset turnover ratio is 1.10 times [2]