La-Z-Boy announces $23 million expansion in Neosho

La-Z-Boy (LZB) reported Q1 2027 earnings, highlighting a 1% decline in total delivered sales, excluding Casegoods divestitures, due to wholesale and Joybird business challenges. Retail sales grew 10%, with same-store sales up 3%. The company returned $35M to shareholders and ended the quarter with $267M in cash. La-Z-Boy is expanding its retail footprint and investing in digital transformation to drive growth.

La-Z-Boy (LZB) fell 16% after reporting Q1 results. Retail sales rose 10% but wholesale and Joybird sales declined. Adjusted EPS was $0.43, down from $0.47. Management forecasted Q2 sales below estimates, citing margin pressures from investments. The company has $267.3M in cash and no debt.

La-Z-Boy reported Q1 2027 retail growth of 10% and same-store sales up 3%, driven by store expansion and in-store execution. Wholesale performance declined due to seasonal softness. Management guided Q2 sales to $500M-$520M, with margins pressured by supply chain projects and advertising spend. The company is consolidating manufacturing and distribution centers, and divested its wholesale Casegoods business.

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La-Z-Boy shares fell 14% after Q2 guidance missed expectations, with sales forecast at $475.7M (down 3% YoY) and adjusted operating margin between 3.9% and 4.8%. Weak housing market conditions are suppressing demand for discretionary furniture items. Analysts cite continued investment pressures and delayed consumer spending as factors. The company's Q1 adjusted earnings were 43 cents per share, below estimates.

Moderna and Merck shares surged 57% and 6% respectively after positive cancer vaccine trial results. Marvell Technology rose 11% following a $12B Google investment deal. Keysight Technologies gained 2% on better-than-expected Q3 results. Lowe's fell 2% after lowering full-year guidance. Target declined 1.5% despite revenue beats. La-Z-Boy dropped 17% on weak Q1 earnings. Mercury Systems slid 9% on lower revenue forecasts. Toll Brothers rose 1% on Q3 earnings beats. Estee Lauder gained 7% after Q