Stock Track | La-Z-Boy Shares Surge 5.62% After Hours on Strong Q2 Earnings and Positive Outlook

Stock Track11-19

Shares of La-Z-Boy Incorporated (NYSE: LZB) soared 5.62% in after-hours trading on Tuesday following the release of the company's strong second-quarter fiscal 2026 earnings report. The furniture retailer delivered better-than-expected results and provided an optimistic outlook, despite challenging market conditions.

La-Z-Boy reported adjusted earnings per share of $0.71 for the quarter, surpassing analyst expectations of $0.61. The company's sales for the quarter came in at $522.48 million, slightly beating the consensus estimate of $522.41 million. While sales growth was modest at 0.3% year-over-year, La-Z-Boy managed to expand its margins and deliver solid profitability.

Investors were particularly encouraged by La-Z-Boy's outlook for the third quarter. The company expects Q3 sales to be in the range of $525-545 million, representing growth of 1-4% year-over-year. Additionally, La-Z-Boy anticipates an adjusted operating margin between 5.0-6.5% for Q3, reflecting the company's ongoing efforts to improve operational efficiency. The positive guidance, coupled with strategic initiatives such as the completion of a 15-store acquisition in the southeast U.S. region, seems to have boosted investor confidence in La-Z-Boy's growth prospects.

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