La-Z-Boy Incorporated: Business Overview, Financials & Competitive Analysis
La-Z-Boy Incorporated scores 6/10 on the AskCyborg Cyborg Score (Solid). Established furniture leader with strong cash generation, dividend growth, and strategic acquisitions, though facing margin pressure in challenging consumer environment. Fiscal 2025 showed revenue growth of 3.04% to $2.11 billion, though earnings declined 18.81%. Q3 FY2026 revenue of $541.6 million grew 3.8% year-over-year. The company faces consumer headwinds but maintains.
What is La-Z-Boy Incorporated's industry? La-Z-Boy Incorporated (lazboy.com) operates in Home Furnishings / Residential Furniture Manufacturing and Retail. AskCyborg classifies La-Z-Boy Incorporated under Home Furnishings / Residential Furniture Manufacturing and Retail in its company registry.
La-Z-Boy manufactures, markets, and retails upholstery furniture products through Wholesale and Retail segments. Founded in 1927 as the inventor of the iconic recliner, the company operates 370 retail locations and pr...
Cyborg Score thesis
Established furniture leader with strong cash generation, dividend growth, and strategic acquisitions, though facing margin...
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Get Current Report FreeLa-Z-Boy Incorporated Overview
Pro stress-test →La-Z-Boy manufactures, markets, and retails upholstery furniture products through Wholesale and Retail segments. Founded in 1927 as the inventor of the iconic recliner, the company operates 370 retail locations and produces approximately 90% of its products in North America. The company maintains iconic American brand heritage with continued relevance in the residential furniture market.
Strategic Profile
Pro stress-test →The company maintains a strong balance sheet with $339 million in cash and no external debt. La-Z-Boy increased its quarterly dividend by 10%, marking the 5th consecutive year of double-digit dividend increases. The company is executing strategic growth initiatives including store expansion, acquisition of a 15-store southeast network, and divestitures of non-core businesses.
Competitive Landscape
Pro stress-test →La-Z-Boy competes in the fragmented residential furniture market against national retailers (Ashley Furniture, Wayfair, American Leather), regional chains, and online-direct players. The company differentiates through brand heritage, vertically integrated manufacturing (90% North American production), omnichannel retail presence (370+ stores), and custom upholstered furniture. Joybird subsidiary serves the modern custom upholstered furniture segment with 15 U.S. stores.
Industry Context
La-Z-Boy Incorporated operates in Home Furnishings / Residential Furniture Manufacturing and Retail.
Key facts
Founded: 1927 · Headquarters: Monroe, Michigan · Employees: 10,600 · Revenue: $2.11B · Market cap: $2.8B