La-Z-Boy Inc. (LZB) financial statements: income statement, balance sheet and cash flow
La-Z-Boy Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Apr 25, 2026 · FY), La-Z-Boy Inc. reported revenue of $2.1B (+0.8% year on year) and net income of $102.9M (+1.9% year on year).
Income statement
La-Z-Boy Inc. income statement, fiscal years
Line item
Apr 25, 2026 · FY
Apr 26, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Sales
$2.1B
$2.1B
$2.0B
$2.3B
Cost of sales
$1.2B
$1.2B
$1.2B
$1.3B
Gross profit
$936.6M
$926.4M
$881.7M
$1.0B
Selling, general and administrative expense
$787.4M
$770.0M
$730.9M
$797.3M
Goodwill impairment
$20.0M
$20.6M
—
—
Operating income
$129.2M
$135.8M
$150.8M
$211.4M
Interest expense
($524.0K)
($545.0K)
($455.0K)
($536.0K)
Interest income
$11.9M
$14.9M
$15.5M
$6.7M
Other income (expense), net
($1.8M)
($3.0M)
($71.0K)
($11.8M)
Income before income taxes
$138.8M
$147.1M
$165.8M
$205.8M
Income tax expense
$35.9M
$46.2M
$41.1M
$53.8M
Net income
$102.9M
$101.0M
$124.6M
$151.9M
Net income attributable to noncontrolling interests
($926.0K)
($1.4M)
($2.0M)
($1.3M)
Net income attributable to La-Z-Boy Incorporated
$102.0M
$99.6M
$122.6M
$150.7M
Basic weighted average common shares (in shares)
41.0M
41.6M
42.9M
43.1M
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share)
$2.49
$2.39
$2.86
$3.49
Diluted weighted average common shares (in shares)
41.3M
42.3M
43.3M
43.2M
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share)
$2.47
$2.35
$2.83
$3.48
La-Z-Boy Inc. income statement, quarters
Line item
Jul 25, 2026 · Q1
Jan 24, 2026 · Q3
Oct 25, 2025 · Q2
Jul 26, 2025 · Q1
Sales
$475.7M
$541.6M
$522.5M
$492.2M
Cost of sales
$267.0M
$308.1M
$291.3M
$283.0M
Gross profit
$208.7M
$233.5M
$231.1M
$209.2M
Selling, general and administrative expense
$210.8M
$203.7M
$195.0M
$187.2M
Operating income (loss)
($2.1M)
$29.8M
$36.2M
$22.0M
Interest expense
($217.0K)
($159.0K)
($110.0K)
($120.0K)
Interest income
$2.9M
$2.7M
$3.5M
$3.1M
Other income (expense), net
($4.3M)
($599.0K)
($54.0K)
($585.0K)
Income (loss) before income taxes
($3.7M)
$31.8M
$39.6M
$24.4M
Income tax expense (benefit)
($1.7M)
$10.0M
$10.6M
$6.1M
Net income (loss)
($2.0M)
$21.8M
$29.0M
$18.3M
Net income attributable to noncontrolling interests
($308.0K)
($150.0K)
($132.0K)
($93.0K)
Net income (loss) attributable to La-Z-Boy Incorporated
($2.3M)
$21.6M
$28.9M
$18.2M
Basic weighted average common shares (in shares)
40.0M
41.1M
41.2M
41.0M
Basic net income (loss) attributable to La-Z-Boy Incorporated per share (in dollars per share)
-$0.06
$0.53
$0.70
$0.44
Diluted weighted average common shares (in shares)
40.0M
41.5M
41.4M
41.4M
Diluted net income (loss) attributable to La-Z-Boy Incorporated per share (in dollars per share)
-$0.06
$0.52
$0.70
$0.44
Balance sheet
La-Z-Boy Inc. balance sheet, fiscal years
Line item
Apr 25, 2026 · FY
Apr 26, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Cash and equivalents
$303.2M
$328.4M
$341.1M
$343.4M
Receivables, net of allowance of $5,196 at 4/25/2026 and $5,042 at 4/26/2025
$131.0M
$139.5M
$139.2M
$125.5M
Inventories, net
$218.4M
$255.3M
$263.2M
$276.3M
Assets held for sale
$20.2M
—
—
—
Other current assets
$101.0M
$82.4M
$93.3M
$106.1M
Total current assets
$773.9M
$805.7M
$836.8M
$854.6M
Property, plant and equipment, net
$356.7M
$339.2M
$298.2M
$278.6M
Goodwill
$243.3M
$205.6M
$214.5M
$205.0M
Other intangible assets, net
$77.6M
$51.2M
$47.3M
$39.4M
Right of use lease assets
$520.7M
$452.8M
$446.5M
$416.3M
Other long-term assets, net
$70.1M
$60.3M
$60.0M
$63.5M
Total assets
$2.0B
$1.9B
$1.9B
$1.9B
Accounts payable
$101.9M
$96.0M
$96.5M
$107.5M
Lease liabilities, short-term
$88.8M
$80.6M
$77.0M
$77.8M
Accrued expenses and other current liabilities
$239.3M
$244.2M
$263.8M
$290.6M
Total current liabilities
$429.9M
$420.8M
$437.3M
$475.9M
Lease liabilities, long-term
$475.5M
$410.3M
$404.7M
$368.2M
Other long-term liabilities
$74.2M
$59.1M
$58.1M
$70.1M
Preferred shares – 5,000 authorized; none issued
0
0
0
0
Common shares, $1 par value – 150,000 authorized; 40,349 outstanding at 4/25/2026 and 41,164 outstanding at 4/26/2025
40.3M
41.2M
42.4M
43.3M
Capital in excess of par value
$400.8M
$385.6M
$368.5M
$358.9M
Retained earnings
$610.4M
$597.4M
$598.0M
$545.2M
Accumulated other comprehensive loss
($1.5M)
($3.6M)
($5.9M)
($5.5M)
Total La-Z-Boy Incorporated shareholders' equity
$1.0B
$1.0B
$1.0B
$941.8M
Noncontrolling interests
$12.7M
$11.4M
$10.3M
$10.3M
Total equity
$1.1B
$1.0B
$1.0B
$952.1M
Total liabilities and equity
$2.0B
$1.9B
$1.9B
$1.9B
La-Z-Boy Inc. balance sheet, quarters
Line item
Jul 25, 2026
Jan 24, 2026
Oct 25, 2025
Jul 26, 2025
Cash and equivalents
$267.3M
$306.1M
$338.5M
$318.5M
Receivables, net of allowance of $4,931 at 7/25/2026 and $5,196 at 4/25/2026
$118.2M
$123.8M
$138.3M
$131.0M
Inventories, net
$234.3M
$235.1M
$225.6M
$252.1M
Assets held for sale
$0
$35.9M
$29.4M
—
Other current assets
$126.7M
$107.8M
$91.4M
$91.6M
Total current assets
$746.4M
$808.7M
$823.3M
$793.2M
Property, plant and equipment, net
$369.5M
$340.4M
$348.8M
$345.3M
Goodwill
$243.2M
$263.3M
$205.6M
$205.6M
Other intangible assets, net
$82.1M
$77.8M
$49.6M
$51.0M
Right of use lease assets
$492.8M
$525.1M
$461.2M
$461.4M
Other long-term assets, net
$60.7M
$64.2M
$63.6M
$62.7M
Total assets
$2.0B
$2.1B
$2.0B
$1.9B
Accounts payable
$113.0M
$117.9M
$104.0M
$99.7M
Lease liabilities, short-term
$89.4M
$88.5M
$82.7M
$81.5M
Accrued expenses and other current liabilities
$246.0M
$281.0M
$237.1M
$235.1M
Total current liabilities
$448.4M
$487.5M
$423.7M
$416.3M
Lease liabilities, long-term
$452.2M
$479.9M
$420.3M
$420.2M
Other long-term liabilities
$68.4M
$64.4M
$63.3M
$61.4M
Preferred shares – 5,000 authorized; none issued
0
0
0
0
Common shares, $1.00 par value – 150,000 authorized; 40,052 outstanding at 7/25/2026 and 40,349 outstanding at 4/25/2026
40.1M
40.9M
41.2M
41.2M
Capital in excess of par value
$403.2M
$396.8M
$393.3M
$388.5M
Retained earnings
$570.7M
$606.9M
$608.3M
$589.2M
Accumulated other comprehensive loss
($729.0K)
($2.1M)
($3.3M)
($2.8M)
Total La-Z-Boy Incorporated shareholders' equity
$1.0B
$1.0B
$1.0B
$1.0B
Noncontrolling interests
$12.5M
$12.6M
$11.9M
$11.9M
Total equity
$1.0B
$1.1B
$1.1B
$1.0B
Total liabilities and equity
$2.0B
$2.1B
$2.0B
$1.9B
Cash flow statement
La-Z-Boy Inc. cash flow statement, fiscal years
Line item
Apr 25, 2026 · FY
Apr 26, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Net income
$102.9M
$101.0M
$124.6M
$151.9M
(Gain)/loss on disposal and impairment of assets
($7.3M)
$2.0M
$1.1M
$6.4M
(Gain)/loss on sale of investments
($377.0K)
($235.0K)
($1.2M)
$148.0K
Provision for doubtful accounts
$463.0K
$851.0K
$511.0K
$1.5M
Depreciation and amortization
$47.4M
$46.7M
$48.6M
$40.2M
Amortization of right-of-use lease assets
$84.4M
$77.0M
$76.1M
$76.5M
Lease impairment/(settlement)
$0
$0
($1.2M)
$1.3M
Equity-based compensation expense
$15.7M
$17.4M
$14.4M
$12.5M
Goodwill impairment
$20.0M
$20.6M
—
—
Change in deferred taxes
$18.3M
$5.1M
($3.3M)
$3.9M
Change in receivables
$1.4M
($1.9M)
($16.8M)
$53.7M
Change in inventories
$26.3M
$12.8M
$19.9M
$32.3M
Change in other assets
($10.7M)
$8.7M
$10.3M
$24.4M
Change in payables
$4.1M
($2.1M)
($8.6M)
$4.6M
Change in lease liabilities
($84.2M)
($78.6M)
($76.8M)
($77.8M)
Change in other liabilities
($14.2M)
($21.9M)
($29.6M)
($126.4M)
Net cash provided by operating activities
$204.1M
$187.3M
$158.1M
$205.2M
Proceeds from disposals of assets
$26.1M
$412.0K
$5.0M
$136.0K
Capital expenditures
($76.3M)
($74.3M)
($53.6M)
($68.8M)
Purchases of investments
($3.7M)
($7.0M)
($18.4M)
($9.1M)
Proceeds from sales of investments
$1.8M
$12.0M
$24.8M
$24.5M
Acquisitions
($86.4M)
($29.5M)
($39.4M)
($16.8M)
Net cash used for investing activities
($138.6M)
($98.4M)
($81.6M)
($70.1M)
Payments on finance lease liabilities
($918.0K)
($663.0K)
—
—
Payments for debt issuance costs
($784.0K)
—
—
—
Holdback payments for acquisitions
$0
$0
($5.0M)
($5.0M)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes
-4.2M
12.3M
10.9M
2.9M
Repurchases of common stock
($47.3M)
($77.9M)
($52.8M)
($5.0M)
Dividends paid to shareholders
($37.9M)
($35.0M)
($32.7M)
($29.9M)
Dividends paid to minority interest joint venture partners
$0
($1.4M)
($1.2M)
$0
Net cash used for financing activities
($91.1M)
($102.6M)
($81.2M)
($37.1M)
Effect of exchange rate changes on cash and equivalents
$412.0K
$1.1M
($926.0K)
($86.0K)
Change in cash, cash equivalents and restricted cash
($25.2M)
($12.6M)
($5.6M)
$97.8M
Cash, cash equivalents and restricted cash at beginning of period
$328.4M
$341.1M
$346.7M
$248.9M
Cash, cash equivalents and restricted cash at end of period
$303.2M
$328.4M
$341.1M
$346.7M
Capital expenditures included in accounts payable
$9.5M
$7.2M
$6.0M
$8.2M
La-Z-Boy Inc. cash flow statement, quarters
Line item
Jul 25, 2026 · Q1
Jan 24, 2026 · YTD
Oct 25, 2025 · YTD
Jul 26, 2025 · Q1
Net income (loss)
($2.0M)
$69.1M
$47.3M
$18.3M
(Gain) loss on disposal and impairment of assets
$7.1M
$384.0K
($76.0K)
($92.0K)
(Gain) loss on sale of investments
($1.5M)
($282.0K)
($214.0K)
($94.0K)
Provision for doubtful accounts
$220.0K
$111.0K
$330.0K
$129.0K
Depreciation and amortization
$12.7M
$35.6M
$23.1M
$11.3M
Amortization of right-of-use lease assets
$23.0M
$62.3M
$40.6M
$20.2M
Lease impairment
$4.7M
—
—
—
Equity-based compensation expense
$2.9M
$11.7M
$8.2M
$3.4M
Change in deferred taxes
$1.6M
$3.1M
$3.7M
$1.1M
Change in receivables
$12.8M
$11.5M
$929.0K
$8.5M
Change in inventories
($12.2M)
$7.9M
$6.6M
$3.6M
Change in other assets
($17.5M)
($5.3M)
($5.9M)
($4.8M)
Change in payables
$15.0M
$25.7M
$9.3M
$4.7M
Change in lease liabilities
($22.8M)
($61.8M)
($40.3M)
($20.2M)
Change in other liabilities
($8.4M)
$15.5M
($7.3M)
($9.8M)
Net cash provided by operating activities
$15.6M
$175.7M
$86.3M
$36.3M
Proceeds from disposals of assets
$7.5M
$4.8M
$240.0K
$170.0K
Capital expenditures
($23.3M)
($56.7M)
($38.9M)
($18.5M)
Purchases of investments
($44.0K)
($822.0K)
($213.0K)
($117.0K)
Proceeds from sales of investments
$18.5M
$1.4M
$717.0K
$216.0K
Acquisitions
($15.7M)
($86.4M)
($627.0K)
($627.0K)
Net cash used for investing activities
($13.0M)
($137.7M)
($38.8M)
($18.8M)
Payments on finance lease liabilities
($219.0K)
($702.0K)
($457.0K)
($225.0K)
Payments for debt issuance costs
$0
($784.0K)
($784.0K)
($784.0K)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes
-3.1M
-4.4M
-4.9M
-5.2M
Repurchases of common stock
($25.1M)
($27.1M)
($13.3M)
($12.5M)
Dividends paid to shareholders
($9.7M)
($28.1M)
($18.1M)
($9.0M)
Net cash used for financing activities
($38.1M)
($61.0M)
($37.6M)
($27.7M)
Effect of exchange rate changes on cash and equivalents