La-Z-Boy Inc - Company Profile
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Business Description
La-Z-Boy Inc (La-Z-Boy) is a furniture manufacturing company that offers reclining chairs and residential furniture. The company classifies its business operations into three reportable segments: Wholesale, Retail, and Corporate and Other.
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R&D Overview
La-Z-Boy R&D arms focuses on innovative designing of its products. The company operates an innovation center in Dayton, Tennessee, that develops new products to meet customers’ needs by replacing existing structure of model shop, technology center, test lab, and three-dimensional printing lab. In FY2023, the company incurred expenses of US$9.1 million on its R&D, which as a percentage of revenue stood, at 0.3%.
Business Segments
Overview
Includes shared costs of corporate functions and revenue generated from royalty agreements with companies licensed to use the La-Z-Boy brand name on various products.
Performance
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Overview
Provides upholstered furniture, and some case goods and other accessories to end consumers.
Performance
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Overview
Comprises La-Z-Boy, England subsidiary and Casegoods sub-segments that markets furniture under three brands: American Drew, Kincaid and Hammary. It also comprises international wholesale businesses. Manufactures and imports upholstered furniture such as sofas, loveseats, recliners and motion furniture, chairs, ottomans, sectionals, modulars, and sleeper sofas; and imports casegoods (wood) furniture, including bedroom sets, occasional pieces, entertainment centers and dining room sets. Markets the products through to La-Z-Boy Furniture Galleries stores, England Custom Comfort Center outlets, dealers, operators of La-Z-Boy Comfort Studio outlets, and various other independent retailers.
Performance
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