La-Z-Boy has reported a 1% decline in Q1 sales to $492 million, impacted by changes in its international wholesale business. Operating margin dropped to 4.5% from 6.5%, and adjusted net income fell 27% to $19.3 million. Despite this, the retail segment grew 2% to $207 million, and wholesale sales increased 1% to $353 million. The company highlighted progress in its North America wholesale and retail operations, along with the acquisition of 15 stores in the Southeast. CEO Melinda Whittington emphasized ongoing investment in La-Z-Boy’s Century Vision strategy and brand transformation. La-Z-Boy was recently ranked #1 in furniture by Newsweek’s 2025 Best Retailers list.