La-Z-Boy shares fall 11% after earnings miss

La-Z-Boy (NYSE: LZB) shares declined 11% on August 18, 2026, following the release of its Q1 2027 earnings report. The company reported earnings per share (EPS) of $0.82, which matched the consensus estimate. However, the stock price dropped amid mixed performance metrics and uncertainty about future growth.

For the quarter, La-Z-Boy generated revenue of $495.4 million, falling within its previously issued guidance range of $490.0 million to $510.0 million. Despite this, the company’s performance was weighed down by broader market concerns and a lack of significant upside surprises.

Looking ahead, analysts project La-Z-Boy’s earnings to grow from $2.98 to $3.30 per share in the next year, representing a 10.74% increase. The company’s trailing price-to-earnings (P/E) ratio stands at 16.87, while its forward P/E ratio is 13.93. These metrics suggest a relatively moderate valuation compared to industry peers.

La-Z-Boy’s next earnings report is expected on August 18, 2026, with a conference call scheduled for August 19, 2026. Investors will be closely watching for signs of operational improvements and strategic initiatives that could drive long-term value.