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La-Z-Boy Incorporated (La-Z-Boy or 'the company') is a manufacturer of reclining-chairs and upholstered furniture. It manufactures, markets, imports, distributes and retails upholstery products, accessories and casegoods (wood) furniture products. The company primarily operates in the US and Canada. It is headquartered in Monroe, Michigan and employed approximately 8,300 people as of April 26, 2014. The company recorded revenues of $1,357.3 million in the financial year ended April 2014 (FY2014), an increase of 6.6% over FY2013. The operating profit of the company was $89.3 million in FY2014, an increase of 32.1% over FY2013. The net profit was $55.1 million in FY2014, an increase of 18.7% over FY2013.
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