Core Viewpoint - La-Z-Boy Incorporated is set to report its Fiscal 2026 First Quarter results on August 19, 2025, with a subsequent investor conference call scheduled for August 20, 2025 [1]. Company Overview - La-Z-Boy Incorporated is a vertically integrated furniture retailer and manufacturer, known for its iconic recliner invented in 1927, and is committed to quality and consumer compassion [4]. - The company operates over 200 company-owned La-Z-Boy Furniture Galleries stores and is part of a network of nearly 370 stores nationwide, complemented by its online presence [5]. Retail and Wholesale Segments - The Retail segment includes La-Z-Boy Furniture Galleries and Joybird, an e-commerce retailer with 13 stores in the U.S. [5]. - In the Wholesale segment, La-Z-Boy manufactures custom furniture for various retail channels, including England Furniture Co. and casegoods brands like Kincaid, American Drew, and Hammary [5].

Core Insights - La-Z-Boy Incorporated has signed an asset purchase agreement to acquire a La-Z-Boy Furniture Galleries store network in the southeast U.S. from Atlanta Furniture Galleries, LLC, which includes 15 stores and approximately $80 million in annual sales [2][3] Acquisition Details - The acquisition will enhance La-Z-Boy's presence in the southeast region, adding 15 stores to its Retail segment and increasing the total company-owned store count to 220, representing 60% of the entire La-Z-Boy Furniture Galleries network [3] - The transaction is expected to close in late October 2025, subject to customary closing conditions [3] - The acquisition is anticipated to contribute approximately $40 million in additional annual sales to La-Z-Boy on a consolidated basis [4] Strategic Importance - The stores are located in key markets such as Atlanta, Orlando, Jacksonville, and Knoxville, which are considered core markets for La-Z-Boy, facilitating further growth opportunities [4] - This acquisition is noted as the largest independently owned La-Z-Boy Furniture Galleries acquisition in the company's history [5] Financial Outlook - La-Z-Boy expects its fiscal first quarter sales and adjusted operating margin to be around the low end of previously issued outlook ranges due to challenging consumer and macroeconomic conditions [5][6]