WorldWise Microfinance: La-Z-Boy, NCHM Charities join forces to support local event. Madison, WI - The international furniture giant La-Z-Boy, and the Federally-created nonprofit National Center for Housing Management (NCHM), are sponsoring "An Evening Around the World," an event on August 27 to support WorldWise Microfinance and its programs of small loans to women entrepreneurs in the Global South. "We're grateful to have La-Z-Boy and NCHM Charities as allies in this work," said WorldWise founder Tom Eggert, "because their involvement underscores our mission - improving lives, homes, and security for thousands of very poor families in Africa, Southeast Asia, and the Caribbean." La-Z-Boy and NCHM Charities join Madison-based Cashew Commonwealth as organizational sponsors of the event. The August 27 benefit, on the rooftop of The Lyric in downtown Madison, will feature unique dishes prepared by the Madison Club's executive chef Adam Streubing.

La-Z-Boy reported mixed first-quarter results for fiscal 2027, with consolidated sales down 3% as reported and down 1% adjusting for the wholesale Casegoods divestiture. The company posted a GAAP operating loss of $2 million, including one-time plant exit charges, though adjusted operating income was positive at $19 million. The retail segment showed strength, with delivered sales increasing 10% to $229 million and written sales up 16%. The company expanded its retail footprint by adding four company-owned stores during the quarter, bringing the total to 234 stores. However, wholesale segment delivered sales decreased 9% to $323 million on a reported basis. The company maintained a strong balance sheet with $267 million in cash and no external debt, returning approximately $35 million to shareholders through share repurchases and dividends.

La-Z-Boy reported first-quarter earnings of $0.43 per share, falling short of the Zacks Consensus Estimate of $0.48 per share. This represents a 10.42% earnings miss. The furniture company also missed revenue expectations, posting $475.69 million compared to the estimated amount, a shortfall of 4.8%. This marks a decline from the same quarter last year, when La-Z-Boy earned $0.47 per share on revenues of $492.23 million. Over the past four quarters, the company has exceeded consensus earnings estimates three times and topped revenue estimates three times. Despite the miss, La-Z-Boy shares have gained 11.4% year-to-date, slightly trailing the S&P 500's 13.1% rise. The company currently holds a Zacks Rank of Hold, suggesting shares are expected to perform in line with the market near term.