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Get filing alertsRisk Profile Improvements
- Goodwill Impairment (worsened) — Joybird goodwill impaired $20M in FY26 after $20.6M UK impairment in FY25, indicating continued deterioration in reporting unit valuations.
LZB exits wholesale casegoods, closes UK plant, cuts distribution centers 40% in supply-chain overhaul
Filed June 16, 2026 · Period ending April 25, 2026 · Compared to 10-K Jun 17, 2025 · ~1 min read
Key Changes
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Sold Kincaid/American Drew wholesale businesses May 29, 2026; closed UK manufacturing; reduced distribution centers from 15 to 9 as part of multi-year transformation to three centralized hubs plus cross-docks.
Business: Kincaid/American Drew sale, UK closure, distribution transformation verify on EDGAR → -
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Joybird goodwill impaired $20M (from $55.4M to $35.5M) after sales fell 10% to $130.8M and operating losses widened; follows $20.6M UK goodwill impairment in prior year.
MD&A: Joybird goodwill impairment verify on EDGAR → -
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Wholesale backlog plunged 37% to $74.9M from $119.5M, driven by lower consumer demand in current macroeconomic environment rather than operational efficiencies cited in prior year.
Business: wholesale backlog verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 29, 2026 1:12 AM