La-Z-Boy (LZB) investor relations material

Strategic vision and growth initiatives

• Century Vision roadmap targets doubling industry growth and sustaining double-digit operating margins through 2027 and beyond.

• Brand reach expanded via omni-channel presence, digital transformation, and new store openings and acquisitions.

• Joybird brand leverages digital-first experience and new distribution channels for profitable growth.

• Agile supply chain and modern IT capabilities enhance operational efficiency and consumer experience.

Financial performance and capital allocation

• Achieved $2.1B in sales, 6.9% adjusted operating margin, and $3.00 adjusted EPS for the latest twelve months ending FY2027 Q1.

• Maintains a strong balance sheet with $267M in cash and no external debt.

• Over the past five years, 57% of cash reinvested in the business and 43% returned to shareholders via dividends and share repurchases.

• Five consecutive years of 10% dividend increases and $274M in share repurchases.

Retail and wholesale expansion

• Retail is the primary growth driver, with a network of 379 stores and plans to reach 450+.

• Company-owned store network increased by 47% since 2021, with record acquisitions and new store openings planned annually.

• Wholesale revenue diversified through strategic partners, branded spaces, and independent dealers.