The Monroe, Michigan-based chair maker reported first-quarter earnings of 42 cents a share on revenue that climbed 7.5% to $413.6 million. Analysts were expecting the company to report earnings of 34 cents a share on revenue of $416 million.
"Our results for the quarter demonstrate the strength of the La-Z-Boy brand within today's challenging home furnishings environment, as well as the power of our world-class supply chain," said CEO Kurt L. Darrow.
The company's upholstery segment was once again its most valuable, generating $293.4 million in revenue during the quarter, though that total was flat with a year ago. Sales in the company's retail segment rose nearly 20% to $143 million year over year.
The company did acknowledge that current market conditions present headwinds for La-Z-Boy.
"The home furnishings environment remains somewhat challenging amid tariff uncertainty and other geopolitical concerns. Against that backdrop, however, we continue to believe La-Z-Boy is competitively well positioned with a strong brand; multi-channel distribution, including a growing retail business; and a world-class supply chain, which we continue to work to optimize," Darrow said.
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