Levi & Korsinsky Announces Investigation of Securities Claims Against La-Z-Boy Incorporated (LZB)

NEW YORK CITY, NY / ACCESS Newswire / August 24, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into La-Z-Boy Incorporated ("La-Z-Boy Incorporated") (NYSE:LZB) concerning potential violations of the federal securities laws.

La-Z-Boy Incorporated shares opened down approximately 17.5% at open, down about $7.14 from its previous closing price of $40.83, following the release of its fiscal first-quarter results, which missed analyst expectations for both earnings and revenue. The company reported adjusted earnings per share of $0.43 on revenue of approximately $476 million, falling short of consensus estimates and posting a GAAP net loss of about $2 million. La-Z-Boy had previously projected first quarter revenue of "$490-510 million, reflecting growth of up to 4%." Management attributed the shortfall, in part, to lower wholesale volume and softness at Joybird. The decline was further fueled by second-quarter sales guidance that came in below Wall Street forecasts.

If you suffered a loss on your La-Z-Boy Incorporated securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP