Financial Responsibility

Advantage of financial strength

Our ability to adapt to an ever-changing industry and increasingly competitive marketplace has resulted in our continued success for over 95 years. Since 1927, our commitment to innovation, quality and comfort has never wavered. By reinvesting in our brand, building on our strengths, taking calculated risks and developing strategic advantages, La-Z-Boy has positioned itself for long-term financial returns.

A strong brand, solid balance sheet and expansive global supply chain allow us to execute a dual-growth strategy focused on strengthening core offerings, while at the same time expanding our consumer base and developing new areas of growth in the digital marketplace.

Conservative fiscal philosophy

Almost a century of experience and a conservative fiscal philosophy have allowed La-Z-Boy to weather market fluctuations, while continuing to invest in our brand and world-class global supply chain. A strong balance sheet and consistent strong cash generation give us flexibility in the dynamic marketplace, allowing us to make strategic acquisitions, strengthen our operations and competitive positioning, and venture into new areas.

Consistent returns to shareholders

Our capital allocation strategy has been focused on three elements: investing in the business to drive long-term value and returns; paying a consistent dividend; and buying back shares. With our strong cash generation, we have been able to do all three over recent years.*

You may find the company’s financial information on the Investor Relations page.

By making prudent investments across the company, the La-Z-Boy brand continues to evolve, delivering an enhanced customer experience through a combination of online, in store and in-home options and services.

*On March 29, 2019, the company announced its COVID-19 Action Plan, which included suspending its undeclared June quarterly dividend to shareholders and share purchase program in an effort to manage the business to preserve cash and to ensure the continued liquidity of the company. As the company’s performance continues to recover, we will look to return value to our shareholders through dividends and share buybacks, once we have evaluated the business recovery for a meaningful period.