How did La-Z-Boy's revenue and expenses trend in Q3 2025?

La-Z-Boy Incorporated reported strong third quarter results for fiscal 2025, with consolidated delivered sales of $522 million, representing a 4% increase compared to the previous year. This growth was driven by robust performance across both the retail and wholesale segments of the business.

1. **Revenue Growth**: The company's revenue trend in Q3 2025 was positive, with consolidated delivered sales amounting to $522 million, marking a 4% increase year-over-year. This growth was primarily fueled by strong same-store sales growth within the retail segment and the contribution from newly acquired independent La-Z-Boy Furniture Galleries stores.

|code|Ticker|Name|Date|Cost of Goods Sold|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|LZB|LZB.N|La-Z-Boy|2024 Q4|3.13452E8|5.53535E8|4.0332E7|169|
|LZB|LZB.N|La-Z-Boy|2025 Q1|2.82189E8|4.95532E8|2.6804E7|169|
|LZB|LZB.N|La-Z-Boy|2025 Q2|2.90379E8|5.21027E8|2.9853E7|169|
|LZB|LZB.N|La-Z-Boy|2025 Q3|2.90412E8|5.21777E8|2.8945E7|169|

2. **Operating Margin Improvement**: La-Z-Boy achieved an operating margin of 6.7% on a GAAP basis and 6.8% on a Non-GAAP basis, reflecting improved operational efficiency. This improvement of 20 basis points versus the prior year underscored the company's effective cost management and strategic initiatives.
3. **Net Income and EPS**: The company reported a net income of $28.9 million, resulting in diluted earnings per share (EPS) of $0.68 on a GAAP and Non-GAAP basis. This EPS figure represents a consistent performance with the previous year, indicating stable profitability.
4. **Return to Shareholders**: La-Z-Boy returned $90 million to shareholders year-to-date, marking a 40% increase compared to the prior year. This reflects the company's commitment to shareholder value creation and its robust cash flow management.
5. **Segment Performance**: Within the retail segment, sales increased by 11%, driven by same-store sales growth and the contribution from new store openings and acquisitions. The wholesale segment also showed growth, with delivered sales increasing by 2% to $363 million.

In summary, La-Z-Boy's revenue and expenses in Q3 2025 exhibited robust growth, improved operating margins, and strong financial performance, underscored by the company's strategic expansions and effective cost management.