La-Z-Boy Incorporated (LZB) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.057 in written same-store sales trends over the last two quarters. 00:00:05.057 -- 00:00:10.222 While consumer trends remain challenging for our industry, we continue to be agile 00:00:10.222 -- 00:00:12.585 and hone our execution. 00:00:12.585 -- 00:00:17.651 We saw our strongest results of the second quarter in October, where 00:00:17.651 -- 00:00:22.055 we achieved positive written same-store sales. 00:00:22.055 -- 00:00:27.720 However, results in early November remain mixed. 00:00:27.892 -- 00:00:33.139 And for Joybird, total written sales for the quarter were a positive 1% 00:00:33.139 -- 00:00:38.426 increase versus a year ago, demonstrating significant improvement versus the prior 00:00:38.426 -- 00:00:44.331 two quarters and driven by strength in retail store performance. 00:00:44.914 -- 00:00:50.121 We also have made substantial progress against our strategic initiatives, focusing 00:00:50.121 -- 00:00:55.567 on our core vertically integrated North American upholstery business. 00:00:55.567 -- 00:01:00.794 We completed our 15-store acquisition in the Southeast US region, 00:01:00.794 -- 00:01:05.120 expanding our ownership of important growing markets. 00:01:05.120 -- 00:01:10.227 We announced the planned exit of non-core businesses, including Kincaid Case 00:01:10.227 -- 00:01:15.494 Goods, American Drew Case Goods, and Kincaid Upholstery. 00:01:15.494 -- 00:01:20.641 And we announced the proposed closure of our UK manufacturing 00:01:20.641 -- 00:01:22.604 facility. 00:01:22.604 -- 00:01:28.093 Notably, we expect all of these exits to be substantially completed 00:01:28.093 -- 00:01:33.279 by the end of our fiscal year. And we have strategically realigned our senior 00:01:33.279 -- 00:01:38.845 commercial leadership as well ...