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La - Z - boy INCORPORATED EXHIBIT 99.1 ⋅ La - Z - Boy Incorporated Reports First Quarter Results ; Retail Momentum With Positive Written Same - Store Fiscal 2027 First Quarter Highlights : • • • Retail segment written sales increased 16 % Sales Written same - store sales grew 3 % with increases in design sales , conversion rates , and average ticket Retail delivered sales increased 10 % ; Retail GAAP and adjusted ( 4 ) operating margin improved versus prior year Added four company - owned stores including one new and three acquired Signed agreement to acquire two additional independent La - Z - Boy Stores Concluded production at one of the two announced plant closures for consolidation into our U.S. network $ 35 million returned to shareholders through share repurchases and dividends , up 62 % versus prior year Delivered consolidated sales of $ 476 million after divestiture of wholesale casegoods business • • GAAP diluted EPS of $ ( 0.06 ) and adjusted ( ¹ ) diluted EPS of $ 0.43 MONROE , Mich . , August 18 , 2026 -- La - Z - Boy Incorporated ( NYSE : LZB ) , a global leader in the retail and manufacture of residential furniture , today reported first quarter results for the period ended July 25 , 2026. For the quarter , sales totaled $ 476 million , down 3 % against the prior year comparable period and down 1 % excluding the impact of wholesale casegoods divestiture , which was completed in May . The Retail segment ( company - owned La - Z - Boy stores ) delivered a strong first quarter . Delivered sales grew 10 % , GAAP and adjusted operating margin expanded to 6.4 % and 6.5 % , respectively , and total written sales for the Retail segment were up 16 % versus a year ago . Written same - store sales ( which exclude the impact of both newly opened stores and newly acquired stores ) strengthened significantly , growing 3 % for the quarter on a year - over- year basis , and a 500 bps sequential improvement versus fourth quarter . On a consolidated basis , strong Retail growth was more than offset by lower Wholesale delivered sales , impacted by flow through of choppier than expected order patterns throughout the quarter . Wholesale demand patterns improved throughout the first quarter and backlog is solid entering the second quarter . Operating margin was ( 0.4 ) % for the quarter on a GAAP basis and 3.9 % on an adjusted ( ¹ ) basis . Diluted earnings per share totaled $ ( 0.06 ) on a GAAP basis and $ 0.43 on an adjusted ( ¹ ) basis . Adjustments relate primarily to one - time charges from the planned exit of the company's two smallest plants . Melinda D. Whittington , Board Chair , President and Chief Executive Officer of La - Z - Boy Incorporated , said , " During our first quarter , we continued to gain share and drive momentum in our Retail segment , where we control the full end - to - end consumer experience . We delivered strong sales growth across both delivered and written sales , and I'm particularly pleased to highlight growth across all three strategic pillars of same - store sales , new store expansion , and acquisitions of independent dealers , all while