Optimism at La-Z-Boy about furniture industry fundamentals
Michigan-based furniture group La-Z-Boy has reported sales of $492 million for the first quarter of its current financial year, the three months ending July 26, 2025. This figure is down by 1% compared to the same quarter last year.
It said wholesale and retail sales of its La-Z-Boy products had been strong, but had been “more-than offset” by a decline in sales at its Joybird brand. It acquired online-only Joybird in 2018.
Chief executive, Melinda Whittington, said La-Z-Boy had “multiple levers” for achieving growth. As an example, she confirmed that the group had agreed a deal to acquire a 15-store furniture company in the south-east of the US.
She said there was “uneven current consumer demand”, but that the company had “optimism in the long-term industry fundamentals”.
