La-Z-Boy Incorporated reported fiscal year 2026 sales of $2.127 billion, a 0.8% increase compared to the prior year, primarily due to retail acquisitions and strategic pricing actions in its upholstery business. Operating income decreased by 4.9% to $129.2 million, resulting in an operating margin of 6.1%, down from 6.4% in the previous year. The Retail segment saw a 5.8% sales increase to $950.7 million, driven by store acquisitions and new openings, though same-store sales declined by 3%. The Wholesale segment's sales grew by 0.2% to $1.482 billion, with improved operating margin of 7.4% from 5.6% due to strategic pricing, lower input costs, and a favorable shift in product mix. The company incurred a $20 million goodwill impairment charge for its Joybird business, contributing to a significant increase in the Corporate and Other segment's operating loss. La-Z-Boy is actively managing its supply chain, including the closure of its UK manufacturing business and the sale of its Casegoods wholesale business. The company repurchased $47.3 million of its stock in fiscal 2026 and announced a new $300 million repurchase program. Capital expenditures were $76.3 million, with expectations for $90-$110 million in fiscal 2027, focusing on distribution transformation and retail expansion.