La-Z-Boy Incorporated (NYSE:LZB) Q1 2025 Earnings Conference Call August 21, 2024 8:30 AM ET

Company Participants

Mark Becks - Director of IR & Corporate Development
Melinda Whittington - President, CEO
Bob Lucian - SVP, CFO

Conference Call Participants

Alessandra Jimenez - Raymond James
Taylor Zick - KeyBanc Capital Market
Anthony Lebiedzinski - Sidoti & Company

Operator

Good day, and welcome to the La-Z-Boy Fiscal 2025 First Quarter Conference Call. At this time all participants are in a listen-only mode. After management’s prepared remarks there will be a question-and-answer session. I would now like to turn the call over to the Director of Investor Relations and Corporate Development, Mark Becks. The floor is yours.

Mark Becks

Thank you, Kelly. Good morning, everyone and thanks for joining us to discuss our fiscal 2025 first quarter. With us today are Melinda Whittington, La-Z-Boy Incorporated's President and Chief Executive Officer; and Bob Lucian, La-Z-Boy's SVP and CFO. Melinda will open and close the call, and Bob will speak to segment performance in the financials midway through. We will then open the call to questions. Slides will accompany this presentation, and you may view them through our webcast link, which will be available for one year. And a telephone replay of the call will be available for one week beginning this afternoon.

Before we begin the presentation, I’d like to remind you that some statements made in today's call include forward-looking statements about La-Z-Boy's future performance and other matters. Although we believe these statements to be reasonable, our actual results could differ materially. The most significant risk factors that could affect our future results are described in our Annual Report on Form 10-K. We encourage you to review these risk factors, as well as other key information detailed in our SEC filings.

Also, our earnings release is available under the News Events tab on the Investor Relations page of our website, and it includes reconciliations of certain non-GAAP measures, which are also included as an appendix at the end of our conference call slide deck.

With that, I will now turn the call over to Melinda Whittington, La-Z-Boy's Incorporated's President and Chief Executive Officer. Melinda?

Melinda Whittington

Thanks, Mark and good morning, everyone. Yesterday, following the close of the market, we reported results for our July ended first quarter. We posted a solid quarter despite continued furniture and home furnishings industry headwinds and a general malaise in broader consumer discretionary purchases. We were pleased with our total delivered sales results in the quarter, which increased on a year-over-year basis despite continued industry challenges.