La-Z-Boy swings to -$2.0M net loss on $17.3M Mexico plant-closure charges; revenue -3.4%

Filed August 18, 2026 · Period ending July 25, 2026 · Compared to 10-Q Aug 19, 2025 · ~2 min read

Key Changes

• high

  Operating income swung from $22.0M profit to -$2.1M loss as $17.3M in supply-chain charges (SLRC and Tijuana Mexico plant closures) drove margin compression. Excluding charges, operating income would have been positive but still below prior year on lower wholesale volume.

  MD&A: Consolidated Operating Income verify on EDGAR →
• high

  Net income swung to -$2.0M loss (diluted EPS -$0.06) from prior-year profit, driven by the Mexico plant-closure charges and a $4.1M loss on terminating a legacy retirement plan. Operating cash flow fell $20.6M to $15.6M.

  MD&A: Net Income & Cash Flow verify on EDGAR →
• high

  Wholesale segment sales declined 8.5% to $322.9M (5% excluding divested Casegoods) and operating margin compressed 500 bps to 2.1%, driven by the $12.3M SLRC charges, Casegoods divestiture loss, and fixed-cost deleverage.

  MD&A: Wholesale Segment verify on EDGAR →