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La-Z-Boy Announces Planned Exit Of Non-Core Businesses, Kincaid And American Drew Casegoods And Kincaid Upholstery; Proposes Closure Of UK Manufacturing Facility

Author: Benzinga Newsdesk | November 18, 2025 04:21pm

Additional Strategic Initiatives:

Completed 15-store acquisition in southeast U.S. region; adding an estimated $80 million in annual Retail sales (approximately $40 million net to enterprise)
Announced planned exit of non-core businesses (Kincaid and American Drew casegoods and Kincaid upholstery)
Announced proposed closure of UK manufacturing facility
Strategically realigned leadership and corporate staffing to focus on core businesses
To be substantially completed by the end of the fiscal year, these initiatives combined will reduce sales by approximately $30 million, net, and increase margins by 75-100 bps

Posted In: LZB