La-z-boy Inc income statement
In fiscal 2026, La-z-boy Inc reported revenue of $2.13bn, up 0.8% on the year before, operating income of $129m (a 6.1% margin) and net income of $102m, or $2.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Apr 2010 | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020Apr 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026Apr 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,179 | 1,187 | 1,167 | 1,274 | 1,357 | 1,425 | 1,525 | 1,520 | 1,584 | 1,745 | 1,704 | 1,734 | 2,357 | 2,349 | 2,047 | 2,109 | 2,127 | 2,110 |
| Cost of revenue | 806 | 833 | 796 | 857 | 893 | 921 | 940 | 911 | 961 | 1,043 | 983 | 994 | 1,477 | 1,385 | 1,165 | 1,183 | 1,190 | 1,174 |
| Gross profit | 373 | 354 | 371 | 417 | 464 | 504 | 585 | 609 | 623 | 703 | 721 | 740 | 880 | 965 | 882 | 926 | 937 | 936 |
| Research and development | — | 8 | 7 | 7 | 8 | 6 | 6 | 8 | 8 | 9 | 11 | 8 | 9 | 9 | 10 | 10 | 11 | — |
| Selling, general and administrative | 333 | 324 | 322 | 349 | 375 | 401 | 460 | 476 | 493 | 573 | 576 | 604 | 673 | 753 | 731 | 770 | 787 | 811 |
| Operating income | 40 | 26 | 49 | 68 | 89 | 103 | 125 | 133 | 129 | 130 | 119 | 137 | 207 | 211 | 151 | 136 | 129 | 105 |
| Interest expense | 3 | 2 | 1 | 1 | 1 | 1 | 0 | — | — | — | — | — | — | 1 | 0 | 1 | 1 | 1 |
| Income before tax | 43 | 26 | 59 | 71 | 92 | 106 | 125 | 131 | 129 | 95 | 115 | 146 | 205 | 206 | 166 | 147 | 139 | 111 |
| Income tax | 12 | 9 | −25 | 24 | 31 | 37 | 44 | 44 | 47 | 25 | 36 | 38 | 53 | 54 | 41 | 46 | 36 | 28 |
| Net income | 33 | 24 | 88 | 46 | 55 | 71 | 79 | 86 | 81 | 69 | 77 | 106 | 150 | 151 | 123 | 100 | 102 | 81 |
| Diluted EPS | $0.62 | $0.45 | $1.64 | $0.85 | $1.02 | $1.34 | $1.55 | $1.73 | $1.67 | $1.44 | $1.66 | $2.30 | $3.39 | $3.48 | $2.83 | $2.35 | $2.47 | $1.99 |
| Diluted shares (average) | 52m | 52m | 52m | 54m | 54m | 52m | 51m | 49m | 48m | 47m | 47m | 46m | 44m | 43m | 43m | 42m | 41m | 41m |
| EBITDA | 66 | 50 | 72 | 91 | 112 | 125 | 152 | 162 | 161 | 161 | 150 | 170 | 247 | 252 | 199 | 183 | 177 | 154 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Jul 2025 | 2026 Q2Oct 2025 | 2026 Q3Jan 2026 | 2026 Q4Apr 2026 | 2027 Q1Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 521 | 522 | 571 | 492 | 522 | 542 | 570 | 476 |
| Cost of revenue | 290 | 290 | 320 | 283 | 291 | 308 | 308 | 267 |
| Gross profit | 231 | 231 | 251 | 209 | 231 | 234 | 263 | 209 |
| Selling, general and administrative | 192 | 196 | 201 | 187 | 195 | 204 | 202 | 211 |
| Operating income | 39 | 35 | 30 | 22 | 36 | 30 | 41 | −2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 41 | 39 | 32 | 24 | 40 | 32 | 43 | −4 |
| Income tax | 11 | 10 | 17 | 6 | 11 | 10 | 9 | −2 |
| Net income | 30 | 28 | 15 | 18 | 29 | 22 | 33 | −2 |
| Diluted EPS | $0.71 | $0.68 | $0.35 | $0.44 | $0.70 | $0.52 | $0.82 | −$0.06 |
| EBITDA | 50 | 47 | 41 | 33 | 48 | 42 | 53 | 11 |
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