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Monroe Today
By the People, for the People
La-Z-Boy Reports 4% Increase in Q3 Sales
Increase driven by new stores and wholesale gains, offsetting declines in same-store sales and Joybird business.
Published on Feb. 19, 2026
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La-Z-Boy, the furniture retailer, reported a 4% increase in sales for its third quarter ended January 24, driven largely by the strength of sales from newly acquired stores and a slight increase in its wholesale business. However, this was partially offset by a 4% decline in written same-store sales and a 13% decrease in its Joybird business, which the company said 'continues to be particularly volatile against the current macroeconomic backdrop.'
Why it matters
La-Z-Boy's performance in the third quarter provides insights into the broader furniture retail industry, which has faced challenges due to the current economic environment. The company's ability to offset declines in same-store sales and its Joybird business through acquisitions and wholesale growth suggests its adaptability and resilience in the face of these challenges.
The details
La-Z-Boy reported consolidated sales of $541.6 million, up 4% from $521.8 million in the same period last year. Net income totaled $21.7 million, or 52 cents per share, compared with $28.4 million, or 68 cents per share, in the same period last year. The company's operating income was $29.8 million, for an operating margin of 5.5%, compared with $35.2 million, or 6.7%, in the same period last year. Sales in the retail segment totaled $251.9 million, compared with $227.7 million in the same period last year, driven by acquired and new stores. Sales in the wholesale segment totaled $366.6 million, compared with $363 million in the same period last year, driven by modest growth across the majority of the company's businesses.
- The third quarter ended on January 24, 2026.
The players
La-Z-Boy
A furniture retailer known for its recliners and other upholstered furniture.
Melinda D. Whittington
La-Z-Boy's board chair, president, and chief executive officer.
Joybird
A furniture brand owned by La-Z-Boy that has seen a 13% decrease in written sales.
What they’re saying
“Our strong third quarter results are proof that we continue to strengthen our enterprise and increase the agility of our business. Amid the ongoing challenging consumer environment, we continue to create our own momentum, led by Retail expansion through both acquired and new stores, driving double-digit sales growth in our written and delivered business in the quarter.”
— Melinda D. Whittington, Board chair, president and chief executive officer (homenewsnow.com)
The takeaway
La-Z-Boy's ability to adapt to the challenging macroeconomic environment and drive growth through retail expansion and wholesale gains demonstrates the company's resilience and strategic focus. However, the continued volatility in the Joybird business highlights the need for the company to closely monitor and address the performance of its newer brand offerings.
