La-Z-Boy (LZB) Investor presentation summary

Strategic vision and growth initiatives

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

• Brand reach is expanding via new store openings, acquisitions, and wholesale partnerships, aiming for 400+ stores.

• Joybird brand growth focuses on DTC strengths and expanding to ~25 stores.

• Omni-channel capabilities and consumer-led innovation are being accelerated.

• Agile supply chain and IT modernization support enterprise capabilities.

Financial performance and capital allocation

• Achieved $2.1B in sales, 6.9% adjusted operating margin, and $2.70 adjusted EPS for LTM ended FY2026 Q3.

• Maintains a strong balance sheet with $306M cash and no external debt.

• Over the last five years, 53% of cash reinvested in the business and 47% returned to shareholders.

• Five consecutive years of 10% dividend increases and $271M in share repurchases.

• Consistent growth in revenues and adjusted EPS despite industry disruptions.

Market position and competitive advantages

• Holds leading brand recognition and market share in a fragmented $135B furniture market.

• Vertical integration enables full margin capture, speed-to-market, and personalized offerings.

• 90% of North American production is U.S.-based, supporting fast delivery and quality.

• Retail is the primary growth driver, with DTC mix approaching 50% of sales.

• Diverse wholesale revenue base includes strategic partners and branded spaces.