LZB News & Events

La-Z-Boy announced the sale of its American Drew and Kincaid wholesale casegoods businesses to Banner House, a multi-branded portfolio of home furniture. The transaction is subject to customary closing conditions and is currently expected to close in mid-May. American Drew and Kincaid casegoods products will continue to be available to wholesale customers in their current showrooms at High Point for this April Furniture Market.

La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, is bringing premium audio to its motion furniture lineup with the debut of AudioLuxe by La-Z-Boy(R), a new product line featuring integrated Klipsch sound systems. The collection makes its industry debut at the April 2026 High Point Market with select availability this fall. The company said, "AudioLuxe pairs La-Z-Boy's signature customizable comfort with Sound by Klipsch, delivering crystal clear tones and deep bass vibrations directly through the furniture. The line features speakers and subwoofers built directly into a range of recliners and motion furniture. With modern silhouettes and clean lines, the AudioLuxe line is designed to complement contemporary living spaces."

Investor sentiment remains uneasy with only modest gains seen across the major indices as markets reopened after an extended holiday weekend.  S&P 500 briefly made 2026 lows, slipping below 6,780 in the opening hours of Tuesday's session, before a late-day recovery.  Basic Materials and Energy were the worst performing sectors, with WTI Crude Oil prices slipping below $62 per barrel on reported talks between U.S. and Iran, while Real Estate was the best space in the benchmark as last week's soft inflation data continues to translate into expectations of more aggressive rate cuts this year.   The VIX volatility index - while still above 20 - also ended Monday well off its intraday high.In the opening hour of the evening session, S&P e-minis, Nasdaq 100, and Dow Industrials are all down about 0.1%.  Precious Metals and Oil prices also remain under modest pressure.  Wednesday's earnings calendar is highlighted by Booking Holdings, Analog Devices, Doordashand Carvana.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rush Street Interactiveup 18.1%Quantumup 15.9%Pitney Bowesup 9.4%AtriCureup 8.3%Celaneseup 6.9%RB Globalup 5.7%Cadence Designup 4.8%Caesars Entertainmentup 3.2%Toll Brothersup 0.5%DOWN AFTER EARNINGS -Axcelis Technologiesdown 15.1%MKSdown 10.3%Palo Altodown 8.0%La-Z-Boydown 6.6%Glaukosdown 0.6%ALSO LOWER -Applied Digitaldown 8.8% as Nvidia exits positionSandiskdown 2.6% after equity offering

Sees Q4 adjusted operating margin 7.5%-9%.