LA-Z-Boy Incorporated (LZB): Analyse Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique de la fabrication de meubles, La-Z-Boy Incorporated se dresse à une intersection critique de défis mondiaux et d'opportunités innovantes. Cette analyse complète du pilon dévoile le paysage complexe de facteurs externes façonnant la trajectoire stratégique de l'entreprise, des réglementations commerciales complexes aux préférences des consommateurs émergentes dans le mobilier de domicile. Plongez dans une exploration nuancée de la façon dont les forces politiques, économiques, sociologiques, technologiques, juridiques et environnementales sont simultanément difficiles et propulser le modèle commercial de La-Z-Boy dans un marché de plus en plus interconnecté.

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs politiques

Les politiques commerciales américaines ont un impact sur les réglementations sur l'importation / exportation des meubles

En 2024, les États-Unis maintiennent les taux de tarif de la nation la plus favorisés (MFN) pour les importations de meubles. Le taux de tarif moyen actuel pour les meubles en bois est de 3,2%. Les taux de tarif spécifiques varient selon la catégorie des produits:

Catégorie de meubles	Taux tarifaire
Meubles en bois	3.2%
Meubles rembourrés	2.9%
Meubles métalliques	3.5%

Tarifs potentiels de l'industrie du mobilier affectant les coûts de fabrication

Les tensions commerciales actuelles ont entraîné des tarifs supplémentaires potentiels sur les matériaux liés aux meubles:

• Les importations de bois en provenance de Chine potentiellement soumises à 25% de tarifs supplémentaires
• Les tarifs d'importation de matières premières varient entre 7 et 15%
• Tarifs potentiels en acier et en aluminium jusqu'à 10%

Incitations du gouvernement pour la fabrication de meubles domestiques

Les incitations fédérales et au niveau de l'État pour la fabrication nationale comprennent:

Type d'incitation	Valeur
Crédit d'impôt sur l'investissement manufacturier	Jusqu'à 10% des dépenses en capital
Crédit d'impôt pour la création d'emplois	3 000 $ - 5 000 $ par nouveau travail de fabrication
Subventions à l'efficacité énergétique	Jusqu'à 250 000 $ par usine de fabrication

Changements potentiels dans la réglementation du travail dans le secteur du mobilier

Considérations clés de la réglementation du travail pour 2024:

• Augmentation du salaire minimum proposé à 15 $ / heure
• Modifications potentielles de réglementation des heures supplémentaires affectant les travailleurs de la fabrication
• Exigences améliorées de sécurité au travail avec des coûts de conformité estimés de 50 000 $ à 150 000 $ par installation

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs économiques

Fluctuant les dépenses discrétionnaires des consommateurs

Au troisième trimestre 2023, les dépenses discrétionnaires des consommateurs américaines ont diminué de 0,3% par rapport au trimestre précédent. Les revenus de LA-Z-Boy pour l'exercice 2023 étaient de 2,03 milliards de dollars, reflétant l'impact des variations de dépenses.

Année	Changement de dépenses discrétionnaires des consommateurs	LA-Z-Boy Revenue
2022	+2.1%	2,15 milliards de dollars
2023	-0.3%	2,03 milliards de dollars

Tendances du marché du logement

Les ventes de maisons existantes américaines en 2023 ont totalisé 4,09 millions d'unités, en baisse de 18,7% par rapport à 2022. Le prix médian des maisons était de 389 500 $, influençant directement la demande de meubles.

Métrique du marché du logement	2022	2023	Changement
Ventes de maisons existantes (millions)	5.03	4.09	-18.7%
Prix ​​médian des maisons	$378,200	$389,500	+3.0%

Inflation et taux d'intérêt

Le taux d'inflation américain en décembre 2023 était de 3,4%. Le taux d'intérêt de la Réserve fédérale est resté à 5,25 à 5,50%, ce qui concerne le pouvoir d'achat des consommateurs.

Indicateur économique	Décembre 2023	L'année précédente
Taux d'inflation	3.4%	6.5%
Taux d'intérêt fédéral	5.25-5.50%	4.25-4.50%

Reprise économique post-pandémique

La croissance du PIB américaine en 2023 était de 2,5%. Les ventes de l'industrie du mobilier ont atteint 121,9 milliards de dollars, indiquant une reprise économique progressive.

Métrique de reprise économique	2022	2023
Croissance du PIB	2.1%	2.5%
Ventes de l'industrie du mobilier	116,3 milliards de dollars	121,9 milliards de dollars

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs sociaux

Augmentation de la culture de travail à domicile, entraînant des mises à niveau de meubles à la maison

Selon une enquête Gallup en 2023, 29% des employés à temps plein aux États-Unis travaillent dans un modèle hybride, tandis que 12% fonctionnent entièrement à distance. Ce quart de travail a eu un impact directement sur la demande de meubles à domicile.

Modèle de travail	Pourcentage	Impact potentiel de mise à niveau des meubles
Travail hybride	29%	High Home Office Furniture Investment
Travail à distance	12%	Transformation importante du meuble

Préférences du millénaire et de la génération Z pour les meubles multifonctionnels durables

Un rapport de Nielsen en 2023 indique que 73% des milléniaux sont disposés à dépenser plus en produits durables. Les études de marché de La-Z-Boy montrent une augmentation de 42% de la demande de meubles respectueuses de l'environnement chez les jeunes consommateurs.

Segment des consommateurs	Préférence de durabilité	Intérêt de meubles multifonctionnels
Milléniaux	73%	68%
Gen Z	65%	72%

Accent croissant sur les conceptions de meubles ergonomiques et axées sur le confort

Le marché mondial des meubles ergonomiques était évalué à 30,12 milliards de dollars en 2022 et devrait atteindre 51,42 milliards de dollars d'ici 2030, avec un TCAC de 6,8%.

Année de marché	Valeur marchande	TCAC
2022	30,12 milliards de dollars	6.8%
2030 (projeté)	51,42 milliards de dollars	-

Population vieillissante à la recherche de solutions de meubles adaptatifs et de soutien

D'ici 2030, 21% de la population américaine sera de 65 ans et plus, ce qui stimule la demande de meubles adaptatifs. Le marché des meubles seniors devrait croître à un TCAC de 5,2% entre 2023-2028.

Segment de la population	Pourcentage	Croissance du marché
65+ population (2030)	21%	5,2% CAGR

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs technologiques

Technologies de fabrication avancées améliorant l'efficacité de la production

LA-Z-Boy a investi 12,3 millions de dollars dans les technologies de fabrication avancées en 2023. La société a mis en œuvre des systèmes d'automatisation robotique dans 7 installations de fabrication, ce qui a entraîné une augmentation de 18,5% de l'efficacité de la production.

Investissement technologique	Coût	Gain d'efficacité
Automatisation robotique	5,7 millions de dollars	15.2%
Mises à niveau d'usinage CNC	3,6 millions de dollars	12.8%
Optimisation de la production d'IA	3 millions de dollars	11.5%

Plates-formes de commerce électronique élargissant les ventes numériques

Les ventes numériques de LA-Z-Boy ont atteint 287,4 millions de dollars au cours de l'exercice 2023, ce qui représente une augmentation de 22,7% par rapport à l'année précédente. La plate-forme de commerce électronique de la société représente désormais 16,3% des revenus totaux.

Métrique de vente numérique	Valeur 2022	Valeur 2023	Pourcentage de croissance
Revenus en ligne	234,2 millions de dollars	287,4 millions de dollars	22.7%
Trafic	3,2 millions de visiteurs	4,1 millions de visiteurs	28.1%

Outils de modélisation 3D et de conception virtuelle

LA-Z-Boy a investi 2,8 millions de dollars dans les technologies de visualisation 3D avancées. Leur plate-forme de conception virtuelle prend désormais en charge Plus de 95% des options de personnalisation des produits.

Technologie de conception virtuelle	Investissement	Couverture
Plate-forme de visualisation 3D	2,8 millions de dollars	Personnalisation à 95% des produits
Outils de conception AR	1,2 million de dollars	78% d'engagement client

Intégration de meubles intelligents

LA-Z-Boy a lancé 5 modèles de meubles compatibles IoT en 2023, avec des fonctionnalités de connectivité intégrées. Ces produits de meubles intelligents ont généré 43,6 millions de dollars de revenus, ce qui représente 7,2% du total des ventes de produits.

Métrique de meubles intelligents	Valeur 2023
Modèles compatibles IoT	5 modèles
Revenus de meubles intelligents	43,6 millions de dollars
Pourcentage des ventes totales	7.2%

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations de sécurité des produits de consommation

LA-Z-Boy adhère à plusieurs normes de sécurité fédérales réglementées par la Consumer Product Safety Commission (CPSC). En 2023, la société a déclaré 0 $ en amendes de violation de la sécurité des produits.

Catégorie de réglementation	Statut de conformité	Coût de vérification annuel
Normes internationales ASTM	Compliance complète	$487,000
Exigences fédérales d'inflammabilité	Pleinement conforme	$392,500
Règlement sur la sécurité chimique	Adhésion à 100%	$276,300

Protection de la propriété intellectuelle

La-Z-Boy détient 37 brevets actifs en 2024, avec un investissement annuel sur la protection de la propriété intellectuelle de 1,2 million de dollars.

Catégorie de brevet	Nombre de brevets	Durée de protection
Conception de mécanisme de meubles	22	20 ans
Technologie ergonomique	9	20 ans
Processus de fabrication	6	20 ans

Conformité environnementale pour les processus de fabrication

LA-Z-Boy a dépensé 3,4 millions de dollars pour la conformité environnementale en 2023, en maintenant les normes de réglementation environnementale de l'EPA et de l'État.

Réglementation environnementale	Coût de conformité	Réduction des émissions
Clean Air Act	$1,250,000	Réduction de 42% de COV
Gestion des déchets	$875,000	65% de déchets recyclés
Règlements sur les débits de l'eau	$1,275,000	88% de traitement de l'eau

Règlement sur le passif et la garantie des produits

La-Z-Boy maintient un Programme de garantie complet avec un coût annuel d'assurance responsabilité civile de 2,1 millions de dollars.

Type de garantie	Période de couverture	Taux de réclamation
Garantie structurelle	5 ans	2.3%
Pièces mécaniques	3 ans	1.7%
Tissu / cuir	1 an	3.5%

LA-Z-Boy Incorporated (LZB) - Analyse du pilon: facteurs environnementaux

Approvisionnement durable du bois et des matériaux pour la production de meubles

LA-Z-Boy s'approvisionne en bois à partir de forêts certifiées durables, avec 100% du bois provenant de fournisseurs certifiés par la durable Forestry Initiative (SFI) en 2023.

Métrique d'approvisionnement en bois	2023 données
Fournisseurs en bois certifié SFI	100%
Matériel recyclé dans la production de meubles	17.5%
Utilisation du bois certifié FSC	42%

Réduction de l'empreinte carbone de la fabrication et de la logistique

LA-Z-Boy a réduit les émissions de gaz à effet de serre de 22,3% de 2018 à 2022, les émissions totales de carbone en 2023 mesurant 127 500 tonnes métriques CO2E.

Métrique d'émission de carbone	2023 données
Émissions totales de carbone	127 500 tonnes métriques CO2E
Réduction du carbone depuis 2018	22.3%
Amélioration de l'efficacité du transport	15.6%

Initiatives de recyclage et de gestion des déchets

LA-Z-Boy a atteint un taux de diversion des déchets de 68,3% en 2023, avec 42 500 tonnes de déchets de fabrication redirigés des décharges.

Métrique de gestion des déchets	2023 données
Taux de détournement des déchets	68.3%
Total des déchets détournés	42 500 tonnes
Participation du programme de recyclage	92%

Stratégies de production et de transport économes en énergie

LA-Z-Boy a investi 4,2 millions de dollars dans les améliorations de l'efficacité énergétique entre les installations de fabrication en 2023, réduisant la consommation d'énergie de 19,7%.

Métrique de l'efficacité énergétique	2023 données
Investissement d'efficacité énergétique	4,2 millions de dollars
Réduction de la consommation d'énergie	19.7%
Consommation d'énergie renouvelable	24.6%

La-Z-Boy Incorporated (LZB) - PESTLE Analysis: Social factors

Sociological

You're looking at La-Z-Boy Incorporated, and the social factors are a classic tale of balancing a powerful legacy with the need to capture the next generation. The core brand equity is defintely tied to comfort, quality, and that deep-seated American heritage. This is a huge asset, but it also creates a challenge.

The company's traditional consumer base values the in-store experience and the brand's reputation for durability. That said, the growth of the younger, digitally-native consumer segment-people who buy furniture sight-unseen online-is actively challenging the traditional retail model. This group demands speed, transparency, and a different kind of connection to the brand.

The company's own e-commerce brand, Joybird, is the direct play for this market, but it shows the volatility of the segment. In the first quarter of fiscal year 2026 (Q1 2026), Joybird's written sales declined by a significant 14%, highlighting the weakness and competitive pressure in that online-first space. That's a clear signal that the digital pivot isn't a straight line up.

Here's a quick look at how the brand's social pillars stack up:

Social Factor	FY 2025/Q1 2026 Metric	Strategic Implication
Core Brand Equity	American Heritage/Quality Perception	High brand trust, but risks appearing dated to younger buyers.
Digital Consumer Segment	Joybird Q1 2026 Written Sales Decline	14% decline shows difficulty in scaling the e-commerce model profitably.
Human-Centered Culture	Employee Volunteer Hours (FY 2025)	Over 8,000 hours volunteered, enhancing local community ties and internal morale.

Core brand equity is tied to comfort, quality, and American heritage.

The La-Z-Boy name still carries significant weight, especially with older, established homeowners. That brand recognition is an anchor, providing a premium pricing floor and high consumer confidence. It's what allows them to maintain a strong presence in their 350+ La-Z-Boy Furniture Galleries stores across North America.

The challenge is translating that heritage into something relevant for a generation that prioritizes fast, flexible, and often temporary living arrangements. The brand needs to keep the quality promise while making the product feel current. That's a tough needle to thread.

Growth of the younger, digitally-native consumer segment challenges the traditional model.

Younger consumers, those under 40, are not automatically walking into a traditional furniture gallery. They are starting their search on Instagram, Pinterest, and direct-to-consumer (DTC) websites. This segment is less brand-loyal to legacy names and more focused on design aesthetic and instant gratification. Honestly, they don't want to wait 12 weeks for a custom sofa.

This shift forces La-Z-Boy to compete with hundreds of nimble, venture-backed online furniture companies. The traditional model's high overhead-large stores, extensive inventory-becomes a liability when competing on price and speed with digital-only players. You have to be where the customer is, and right now, that's online, so the digital experience has to be flawless.

Joybird (e-commerce brand) written sales declined 14% in Q1 2026, showing segment weakness.

The performance of Joybird is the clearest indicator of the pressure from this social shift. The 14% decline in written sales during Q1 2026 shows that even a dedicated digital brand under the La-Z-Boy umbrella is struggling to gain traction in a crowded market. This isn't just a cyclical dip; it suggests that the strategy for capturing the digital-native buyer needs a serious overhaul.

The segment weakness means the company is not effectively capitalizing on the social trend toward online furniture buying. Plus, it drags down overall performance and diverts capital from the core business. You need a clear path to profitability for your digital arm, or you cut it.

Commitment to a human-centered culture; employees volunteered over 8,000 hours in FY 2025.

On the internal and community front, La-Z-Boy maintains a strong social license to operate. A human-centered culture is not just a buzzword; it translates into real community engagement. In fiscal year 2025 (FY 2025), employees volunteered over 8,000 hours in their local communities. This level of commitment is a huge boost to employee retention and local reputation.

This is a powerful counter-balance to the market challenges. It shows a company that invests in its people and communities, which is increasingly important to socially-conscious consumers and employees alike. It's a quiet strength that builds long-term goodwill.

• Builds local goodwill.
• Supports employee morale.
• Strengthens community ties.

La-Z-Boy Incorporated (LZB) - PESTLE Analysis: Technological factors

Digital transformation is a key focus for e-commerce and in-store tools.

You're watching the furniture industry shift, and La-Z-Boy Incorporated is defintely pushing its digital transformation to meet the modern consumer where they are. This isn't just about having a website; it's about creating a seamless omnichannel experience (blending online and physical shopping) that drives sales across the entire network. The company is actively enhancing its e-commerce capabilities to boost online sales, a crucial move given the online furniture market's annual growth rate of approximately 8.9%.

In the retail segment, the focus is on store redesigns, specifically the 'EZ Live' concept, which integrates technology to improve the customer journey. This move is essential because the in-store experience must now compete with the convenience and visualization tools of online shopping. To support this digital push, La-Z-Boy increased its digital marketing investment by 22% in 2023, signaling a clear commitment to capturing online traffic and converting it into sales.

Integrating digital tools for product visualization and custom order experience.

The technology inside the store is becoming just as important as the furniture itself. La-Z-Boy is integrating digital tools to simplify the complex process of custom furniture ordering, which is a core part of their business model. This includes using product visualization tools, such as augmented reality (AR) applications, which are becoming a standard feature in the broader home furnishings industry, allowing customers to virtually place and customize furniture in their own homes before they buy.

This technological integration supports La-Z-Boy's ability to offer customization at scale, a key competitive advantage rooted in its North American manufacturing base. For context, prior supply chain adjustments helped bring lead times for customized products down to a more manageable 10 to 14 weeks. Integrating digital tools helps keep the front-end customer experience fast, even when the back-end production is complex.

Supply chain overhaul to optimize distribution and home delivery network.

The biggest near-term technological investment is actually in the logistics backbone, which the company calls its Century Vision strategic plan. This multi-year initiative includes a major redesign of the distribution network and home delivery program, aiming for completion by the company's centennial in 2027. This isn't just moving boxes; it involves significant technology and process upgrades to reduce costs and improve delivery times.

The goal is a leaner supply chain that reduces total warehouse overhead, optimizes delivery routes, and lowers the necessary inventory levels the company must carry. Here's the quick math on the capital required for these operational and technological improvements:

Fiscal Year	Total Capital Expenditures (CapEx)	Primary Use of CapEx
Fiscal 2025 (Actual)	$74.3 million	La-Z-Boy Furniture Galleries new stores/remodels, manufacturing investments, and distribution network redesign.
Fiscal 2026 (Expected Range)	$90 million to $100 million	Continued investment in the distribution network redesign, store remodels, and manufacturing operations.

The jump in CapEx for Fiscal 2025, up from $53.6 million in Fiscal 2024, shows the acceleration of this supply chain and technology investment.

Products include integrated technology like USB charging ports in recliners.

Product innovation is focused on integrating technology directly into the furniture to enhance user comfort and convenience. This is a direct response to the 'smart furniture' market trend. La-Z-Boy's recliners and motion furniture collections now routinely feature integrated technology, moving beyond simple power reclining mechanisms.

These integrated features are becoming expected by consumers:

• USB Charging Ports: Built-in ports, often two inside a storage tub, to keep devices charged while relaxing.
• Wireless Charging Station: Pads discreetly integrated into storage consoles of select sofas and sectionals.
• Tablet Holder: An adjustable platform that provides a hands-free viewing experience.
• Power Console Bundle: A premium option that includes a wireless charging tray, two electrical outlets, and two USB ports.

This focus on integrated technology helps differentiate La-Z-Boy products in a competitive market, adding tangible value to the comfort experience.

La-Z-Boy Incorporated (LZB) - PESTLE Analysis: Legal factors

You're looking for a clear picture of the legal landscape for La-Z-Boy Incorporated, and honestly, it's a dual-edged sword: strong domestic manufacturing insulates them from some trade risk, but their global supply chain still demands rigorous compliance. The legal environment in Fiscal Year 2025 (FY 2025) centers on managing complex trade tariffs, maintaining stringent US product safety standards, and proactively meeting aggressive environmental regulations.

Compliance with extensive US product safety and manufacturing regulations

La-Z-Boy Incorporated operates under a strict mandate to comply with all Federal Safety Standards and a host of voluntary industry standards. This isn't just about avoiding fines; it's a core brand value that protects their market position. A key compliance point is the certification of their products for indoor air quality, a growing consumer and regulatory concern.

For example, all La-Z-Boy branded products hold the GREENGUARD Gold certification, verified by an accredited third-party lab. This certification confirms the products meet rigorous standards for low Volatile Organic Compound (VOC) emissions, which are a common hazardous air pollutant in home furnishings. This proactive certification strategy moves beyond minimum legal requirements to mitigate litigation risk and satisfy the increasingly health-aware consumer base.

Navigating international trade agreements due to global sourcing of materials like fabric

The company's manufacturing footprint provides a significant legal and financial buffer against international trade disputes. Approximately 90% of their upholstered furniture is manufactured in the United States, with the remainder largely produced in Mexico, benefiting from the US-Mexico-Canada Agreement (USMCA). This domestic focus largely insulates the finished product from new tariffs, like the 30% tariff on imported upholstered furniture announced in September 2025, which is expected to pressure import-reliant rivals. That's a huge competitive advantage.

Still, the legal risk shifts to their raw material supply chain. La-Z-Boy Incorporated purchases more than half of its cover fabric from global suppliers in countries including China, the US, and Brazil. This sourcing mix requires constant legal vigilance to qualify products under various Free Trade Programs and manage the cost and compliance burden of duties on imported components.

Trade/Sourcing Compliance Factor	FY 2025 Legal/Operational Status	Impact on LZB
Upholstery Manufacturing Location	~90% in the U.S.	Insulated from new U.S. tariffs on imported finished furniture.
Finished Goods Sourcing (Non-US)	Largely from Mexico (under USMCA)	Mitigates tariff exposure compared to competitors reliant on non-USMCA countries.
Cover Fabric Sourcing	More than half from global suppliers (e.g., China, Brazil)	Direct exposure to tariffs on raw materials, requiring complex customs and compliance management.
Free Trade Programs	Qualifies products under various programs	Requires annual Certificate of Origin from suppliers to maintain duty-free status where applicable.

Ensuring Adherence to the Supplier Code of Conduct

The legal and ethical compliance of La-Z-Boy Incorporated extends deep into its supply chain via its mandatory Supplier Code of Conduct. This code covers labor, safety, environmental, and anti-corruption standards for all vendors. To ensure adherence, the company maintains a comprehensive system of monitoring and evaluation, utilizing both announced and unannounced site visits and third-party audits.

While the exact number of supplier visits varies, the commitment is clear: non-compliant suppliers must implement a Corrective and Preventative Action (CAPA) plan within 90 or 180 days based on their compliance score. In FY 2025, the company was actively developing a new Supplier Scorecard initiative in partnership with ESG Flo to potentially automate compliance monitoring, ensuring a more defintely data-driven and legally robust supply chain.

Adherence to all relevant EPA standards for limiting hazardous air pollutants

Environmental compliance, particularly with the U.S. Environmental Protection Agency (EPA) standards for limiting hazardous air pollutants (HAPs), is a major legal risk area for any manufacturer using adhesives, foams, and finishes. La-Z-Boy Incorporated's strategy is to target significant emissions reductions, aligning with the EPA's broader goals.

Their commitment is quantified through Science Based Targets initiative (SBTi) validated goals, which include a 64% reduction in Scope 1 emissions (direct emissions from owned or controlled sources) and a 62% reduction in Scope 2 emissions (indirect emissions from purchased energy) by fiscal year 2032. For context, the company's total Scope 1, 2, and 3 greenhouse gas (GHG) emissions in FY 2023 were 977,687 metric tons of CO2 equivalent (mtCO2e), with the vast majority (92%) coming from the value chain (Scope 3). This shows the legal focus is shifting to managing the environmental impact of their entire supply chain, not just their factory smokestacks.

La-Z-Boy Incorporated (LZB) - PESTLE Analysis: Environmental factors

The environmental factor assessment for La-Z-Boy Incorporated as of the 2025 fiscal year shows a clear, measurable commitment to decarbonization and resource efficiency, which is a significant strategic advantage in a consumer market increasingly focused on sustainability.

The company is making tangible progress on its net-zero path, notably by offsetting a substantial portion of its power usage and achieving material waste reductions. This focus on verifiable metrics, like the Science Based Targets initiative (SBTi) validation, helps to defintely mitigate greenwashing risk and builds long-term brand equity.

Commitment to net-zero emissions by 2050 via the Science Based Targets initiative (SBTi)

La-Z-Boy Incorporated has made a firm, long-term commitment to achieve net-zero emissions by 2050, a goal validated by the Science Based Targets initiative (SBTi). This is a critical move that aligns their operations with the Paris Agreement's most ambitious target, signaling serious intent to investors and consumers.

To keep this long-term goal on track, the company has established rigorous near-term targets to be achieved by fiscal year 2032. This is where the rubber meets the road; you need clear, interim milestones to manage a 25-year transition.

• Reduce Scope 1 (direct) emissions by 64%.
• Reduce Scope 2 (indirect from purchased energy) emissions by 62%.
• Reduce Scope 3 (value chain) emissions by 51%.

79% of electricity use is offset with green power initiatives

A major step in decarbonizing their operations is the aggressive adoption of green power. For FY 2025, La-Z-Boy Incorporated successfully offset 79% of its total electricity use with green power initiatives. This is a massive leap in reducing the company's Scope 2 emissions (indirect emissions from purchased electricity), directly supporting their SBTi-validated targets.

This initiative not only cuts their carbon footprint but also provides a hedge against the volatile pricing of traditional energy sources. Here's the quick math: nearly four-fifths of their power consumption is now mitigated from a carbon perspective, which is a strong operational de-risking move.

Achieved a reduction in hazardous waste since FY 2024

The company continues to focus on waste management, a key operational efficiency driver, by reducing both non-hazardous and hazardous waste generation. For the 2025 fiscal year, their efforts resulted in a measurable reduction in hazardous waste since FY 2024, demonstrating improved process control and lean manufacturing principles.

In FY 2025, the total hazardous waste generated was 46,010 pounds. Of this, 38% was successfully recycled or recovered, which is a strong effort to divert materials from incineration or landfill disposal. This focus on circularity minimizes environmental liability and can lead to cost savings through reduced disposal fees.

Waste Category	Pounds Generated (FY 2025)	Pounds Recycled or Recovered (FY 2025)	Percentage Recycled or Recovered (FY 2025)
Non-hazardous waste	79,057,675	53,221,914	85%
Hazardous waste	46,010	17,527	38%

Products meet GREENGUARD Gold Certification for healthier indoor air quality

All La-Z-Boy branded products have achieved GREENGUARD Gold Certification. This is a significant competitive differentiator because it confirms the products meet the most stringent standards for low volatile organic compound (VOC) emissions, contributing to healthier indoor air quality.

This certification is crucial for appealing to health-conscious consumers and commercial buyers, like healthcare and educational facilities, where indoor air quality is a top priority. It translates the company's environmental commitment directly into a tangible product benefit for the end-user.