La-Z-Boy (LZB) investor relations material

Mission, strategy, and values

• Aims to lead the global furnishings industry through comfort expertise, consumer experience, and high-quality products.

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

• Focuses on expanding brand reach, omni-channel presence, and digital transformation.

• Values include courage, curiosity, and compassion, honoring a nearly 100-year legacy.

Business highlights and operational footprint

• Achieved $2.1B in sales, 7.1% adjusted operating margin, and $3.04 adjusted EPS for LTM ended FY2026 Q4.

• Maintains $303M in cash and no external debt.

• Operates 378 stores, with ~50% direct-to-consumer sales mix and 7 manufacturing locations in North America.

• Employs approximately 10,000 people.

Growth strategy and execution

• Expanded company-owned store network by 45% since 2021, acquiring 49 stores and adding 69 new dealers.

• Retail is the primary growth driver, with DTC sales rising from 23% in FY2015 to 49% in FY2026.

• Plans for ~10 new store openings annually and continued independent dealer acquisitions.

• Broadened wholesale distribution by 19% and increased marketing share of voice.