and fiscal preannouncement XXXX thank on joining our this us released Xth. year evening, quarter line and released for morning you June you, everyone our Good we Thank Kathy. morning. Last results, that we with fourth in
stage of excellent in retail the the the furniture; performing acquisition operating space stores, platform; upholstered ongoing retailer doubling and network; further manufacturer and of long-term La-Z-Boy Joybird, productive solidified and La-Z-Boy the in our our set strengthened a year highest for manufacturing growth. premier direct-to-consumer well-established our with position Fiscal e-commerce La-Z-Boy income, store Furniture XXXX We Arizona-based our for exciting nearly was delivered Galleries Incorporated. performance, operation acquired the an
closed billion, post increase performance XX% all sales in $X.XX margin, segments XXXX We X.X% furnishings the within and representing strong fiscal industry. a operating across to improvement reporting reflecting consolidated achieving home a core a
Furniture of million same-store and the year. million network an for segment to stores full through company-owned delivered increase combined We operating $XX sales and purchases. posted share a retail performed in Gallery The shareholders a X.X% generated activities La-Z-Boy fiscal the from in total cash and returned increased dividend well of $XXX our
we and tap growth enterprise, are And to with weather make markets, drive the able strategic position, changes. into across new macroeconomic a to ventures new strong investments financial to fuel
to our increased Now, the Consolidated retail in and let's acquisitions, over excellent including turn discussion sales for company-owned the results Arizona stores. by nine driven Dartmouth both organic for growth quarter Massachusetts and including fourth the North segment, quarter. store X%, the
also Joybird performance. fueled sales our
to earnings announcement, early lower the However, the landscape, quarter, as fourth slow direct in declined the given across sales America in furnishings in year to the start June impact the consistent a fixed-cost and the translating the indicated calendar wholesale segment to home volume with upholstery in retail structure. North our Casegoods with
Canadian challenges disproportionate As market sales our impact the quarter. our in pre-release, the noted to in had for a
across fourth the declines the business. wholesale with showed have consistent the X.X% while growth, the our quarter, Upholstery quarter year's full for sales segment, industry. last year In positive onto versus the we Now, seen declined
non-GAAP XX.X% Canada up XX.X% year. with weakness the GAAP our businesses. we well slightly, versus business XX.X% operating non-branded the in international was as other and saw accounting quarter was in was margins wholesale While prior La-Z-Boy U.S. for as and
for all-in-all, line and decrease we from mix up to third fixed-cost units. margin the well in reflecting sequentially impact lower the on more power the the the our sales. Duo versus declines strong the change quarter from With quarter, prior as But product products quarter as delivered year's even the a in
sales the margin agile segment, the on prior versus XX.X% sales last year's down QX supply highlighting trends. volume year, year, versus operating also consistent quarter, we decreased grew for At chain. the which our held X.X%, In essentially Casegoods with industry
to Our to Casegoods its presence team on positioning continues increase opportunities. floors, future retail capture us
With the are to our respect standing to equity we our in brand the brand solidify platform, strong investing La-Z-Boy further in of marketplace.
including La-Z-Boy in the through the TV, and As Bell Kristen web campaign social Galleries Live ambassador platforms, multiple Furniture relaunched we digital, May, brand introduced La-Z-Boy and you across Life new print, as Comfortably our and know, channels, stores.
our are to with independent in quarter the La-Z-Boy up the dealers first spending platform are Gallery brand Furniture along who contributing We on investment. this
initial the a style, with response and Kristen focus warmth, family. a her with quick and wit, vibrant energy delighted are La-Z-Boy personality, home with new bringing We on consumer to the
a offered younger robust by the she as highlights social to La-Z-Boy. services products following, With particularly of Kristen new consumers, already stylish comfortable, bringing media quality and among brand the and is eyes variety wide
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the sofa fabrics environment, Additionally, of demonstrate that are collection for bottles concern These an Conserve. XXX we at on and utilizes yarn, called eco-friendly spun with introduced Conserve the into and consumers of interest XX% least as each plastic average, made plastic approximately recycled fabrics increasing fabric in bottles. contain recycled
remain lines, both Attitudes Urban our consumers. popular with expanded also Duo which of We and
retail Now, segment. our on to moving
excuse team X%, high sales Sales level. to segment in our increased significantly. me. Sales XX% fourth XX.X%, quarter an excellent execute with Our delivered -- continued at and company-owned increased same-store increased income turned a operating retail increased
GAAP margin from margin from a non-GAAP basis, to X.X% to On X.X% X.X%. and operating increased operating X.X%, improved
by a operating higher Excluding delivered La-Z-Boy business ticket Retail margin in results sales. from acquisitions, design the increases sales and healthy increased core delivered and
in by are for also which stores Performance acquired, $XX million the XX from of X Arizona. the period was in sales driven
As a our than have percent as higher volume, a Arizona remaining average sales retail lower across noted previously, the SG&A portfolio. operating a higher of margin have stores experience and the
complete network, for XXX Now full quarter La-Z-Boy was at across X.X% stores for Furniture for and positive up Galleries sales year. the the written fiscal X.X% the the same-store
Excluding X.X% sales Canada, XXXX for stores where quarter weakening X.X% U.S, U.S. coming business year. was network same-store finished the on by the goods rates from written XXX fourth increased full and the and for tariffs challenged exchange the across
months. positive some are up-to-date Galleries Memorial first in network their the pleased over the stores Canadian performance On to color, goods La-Z-Boy was the throughout Furniture our on written And finished with Canadian provide a weekend. we in experienced sales increase note, eight and tariff May Day listed the same-store
Furniture while system, consumer shopping We an the because Galleries are that providing product best we're to with the showcase our having in to where excellent La-Z-Boy experience. is the continuing of invest offerings, full opportunity store our array
five The year projects sell for stores XX than opportunity with net including And to executed XXXX, the and XX also projects, average including expect afford for we stores. remodels new more tap full-room us Across stores, services, XXX the new design groups, we network the XXXX, to on the which end stores, have and fiscal ticket. expand fiscal relocations.
last business we Joybird, e-commerce acquired let's Now turn August. the to
old, consumers through rapid years that a to new continues five Joybird with exhibit growth new is top La-Z-Boy channel. line Just providing
in Joybird sales. delivered $XX quarter, million the For
to slightly fiscal line, in half back and bottom XXXX we accounting progress the are adjustments. excluding On be profitable the driving making purchase of
supply capability chain has pre-acquisition Tijuana our Joybird's expertise unlocked almost Leveraging already facility, at constraints doubling it.
times Tennessee our making several distribution Joybird's Dayton, now plant to lower at and best-selling sofas of are shorten we of delivery our nationwide to costs. delivering and take advantage Additionally, capabilities
early in first will is months While revenue pace in than our determine become, nine too of it's business large ownership. million how on to Joybird today, our $XX more deliver to it fastest-growing
confidence and furniture leading destinations every have its to We to and to one value ability long-term modern of the become beautifully company. deliver unique crafted in for online the mid-century
Now before address to will over Melinda, I recent minutes changes tariffs. the call a turning take to the few to
lifted As news. Canada on May XX% tariff XX. the going Good finished retaliatory we into goods encouraging early, mentioned and was on
currency against goods expensive Canada. are trends U.S. from the that However, making still we coming are in up more
So strong some regain take that before it completely we see may business time its momentum.
to coming to we manufacturing several increased tariff impact items goods May, This Also our operations. China on the continues in XX% from source from XX%.
most including our our -- of cover for cover most However, our products. for of our upholstered
cover of a La-Z-Boy, our two-thirds in As cut-and-sew facility and is of to into tariff. leaving to converted Mexican-based just the however, not therefore the Chinese subject reminder, kits subject our kits for is tariff, one-third
actuators, the subject our to tariff used be product. power We full XX% a component in on continue part to
power. we business X% on combined through Now passing on increased the about recall our surcharge were wholesale upholstery that at units our a on upholstered with as tariffs and XX%, price X% roughly business La-Z-Boy the
about what response demand this recent in XX% too diligently of at tariffs, of point, patterns. working to round global it's in the the a to Chinese to the increase on initial tariffs, prices surcharge a translate chain be X% have as not and power products. pass-through supply to XX%. tariffs increased buying the With But our the we of impact upholstery will the significant X change Since early our elasticity seen minimize non-powered X.X% to at tell raising from partners of on impact with about June
the our chain. said, we sourcing positioned based in footprint of to manufacturing the competitively global that furniture supply U.S. believe with than many on But are more we and our industry capabilities continue upholstery
now will our call financial the performance. turn review to over to I Melinda
