La-Z-Boy Incorporated
New York Stock ExchangeRecent
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ROIC.AI
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- Business
- La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products in the United States, Canada and internationally; its core offerings include recliners, motion sofas, sectionals, stationary sofas, chairs, lift-recliner chairs, mattresses and casegoods such as entertainment centers and occasional tables; the company operates through two segments, Wholesale, which produces and sells upholstered furniture to La-Z-Boy Furniture Galleries stores and other retailers, and Retail, which sells directly through company-owned stores and licensed dealers. Founded in 1927 and headquartered in Monroe, Michigan, La-Z-Boy maintains manufacturing facilities in North America, an innovation center in Dayton, Tennessee, and a network of approximately 370 Furniture Galleries stores, including 220 company-owned locations following recent expansions. The company targets residential consumers seeking customizable, comfort-focused home furnishings and emphasizes sustainability through LEED-certified facilities and reduced environmental impact operations. In recent developments, La-Z-Boy completed its largest independent retail acquisition in 2025 by purchasing a 15-store network from Atlanta Furniture Galleries in Georgia, Florida and Tennessee, adding approximately $80 million in annual retail sales and increasing company-owned stores to 220; it opened the first of three centralized distribution hubs in Arizona as part of a multiyear Century Vision network redesign to cut square footage by 30%, reduce inventory mileage by 20% and double delivery radius to 150 miles; additionally, the company announced plans to exit non-core businesses including Kinid and Drew casegoods along with Kinid upholstery and to close its UK manufacturing facility.
La-Z-Boy Incorporated Announces Timing of Fiscal 2026 Fourth Quarter and Full Year Earnings Release and Conference Call
La-Z-Boy Incorporated Completes Sale of American Drew and Kincaid Wholesale Casegoods Businesses
La-Z-Boy Incorporated Declares Quarterly Dividend
La-Z-Boy Incorporated Announces Sale of American Drew and Kincaid Wholesale Casegoods Businesses
La-Z-Boy Incorporated Introduces AudioLuxe, a New Premium Audio Furniture Line with Sound by Klipsch
La-Z-Boy Incorporated Introduces AudioLuxe, a New Premium Audio Furniture Line with Sound by Klipsch
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La-Z-Boy Incorporated (NYSE:LZB) Receives $42.50 Consensus PT from Analysts