LA-Z-BOY Inc.

Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, acquisitions, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

ASU Description Adoption Date ASU 2025-05 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets Fiscal 2027 ASU 2024-04 Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments Fiscal 2027 Accounting Pronouncements not yet Adopted The following table summarizes additional accounting pronouncements which we have not yet adopted, but we believe will not have a material impact on our accounting policies or our consolidated financial statements and related disclosures.

SEC original ↗LA-Z-BOY Inc. — 10-Q Quarterly report10-QAug 18, 2026

The fair value of each unit of the awards we 12 Table of Contents granted in fiscal 2027 that vest based on attaining performance goals was $ 37.09 , the market value of our common shares on the date we granted the awards less the dividends we expect to pay before the shares vest.

SEC original ↗LA-Z-BOY Inc. — 10-Q Quarterly report10-QAug 18, 2026

Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, acquisitions and divestitures, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.

SEC original ↗LA-Z-BOY Inc. — 10-Q Quarterly report10-QAug 18, 2026

Investments in our Century Vision strategy to grow our Retail store footprint and expand brand reach, combined with soft industry demand, had a downward impact on our margin performance this quarter, and we are actively taking steps to adjust our near-term operations and prudently navigate the current environment.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Our iconic brand, vertically integrated business model, and robust balance sheet are foundational to our continued strategic growth and position us to disproportionately benefit when industry tailwinds reemerge.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

This recognition is a testament to our talented and dedicated team and our continued focus on further strengthening our product offerings, customer service, and in-store experience.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Whittington added, While continuing to advance our Century Vision strategy and drive long-term shareholder value, we are balancing our optimism in the long-term industry fundamentals and our competitive positioning with a pragmatic approach to current uneven consumer demand.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Second Quarter Outlook Taylor Luebke, SVP and Chief Financial Officer of La-Z-Boy Incorporated, said, We expect fiscal second quarter sales to be in the range of $510-530 million and adjusted operating margin (2) to be in the range of 4.5-6.0%, reflecting our continued prudent investment on strategic growth pillars while also pragmatically navigating a continued challenging consumer and macroeconomic environment.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

The forward-looking statements in this press release are based on certain assumptions and currently available information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial results.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Our actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed in our Fiscal 2025 Annual Report on Form 10-K and other factors identified in our reports filed with the Securities and Exchange Commission (the SEC ), available on the SEC s website at www.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results.

SEC original ↗LA-Z-BOY Inc. — Earnings release (8-K exhibit)EX-99Aug 19, 2025

These forward-looking statements are all based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control.

SEC original ↗LA-Z-BOY Inc. — 10-Q Quarterly report10-QAug 18, 2026

Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial performance.

SEC original ↗LA-Z-BOY Inc. — 10-Q Quarterly report10-QAug 18, 2026