EXHIBIT 99.2

LA-Z-BOY INCORPORATED

CONSOLIDATED STATEMENT OF OPERATIONS

	First Quarter Ended
(Unaudited, amounts in thousands, except per share data)	07/24/10			07/25/09
Sales	$	263,313		$	262,671
Cost of sales
Cost of goods sold		190,175			181,559
Restructuring		(21	)		736
Total cost of sales		190,154			182,295
Gross profit		73,159			80,376
Selling, general and administrative		74,045			77,612
Restructuring		165			301
Operating income (loss)		(1,051	)		2,463
Interest expense		590			980
Interest income		243			276
Other income, net		351			711
Earnings (loss) before income taxes		(1,047	)		2,470
Income tax (benefit) expense		(468	)		439
Net income (loss)		(579	)		2,031
Net (income) loss attributable to noncontrolling interests		384			(48	)
Net income (loss) attributable to La-Z-Boy Incorporated	$	(195	)	$	1,983
Basic average shares		51,785			51,479
Basic net income (loss) attributable to La-Z-Boy Incorporated per share	$	—		$	0.04
Diluted average shares		51,785			51,479
Diluted net income (loss) attributable to La-Z-Boy Incorporated per share	$	—		$	0.04

LA-Z-BOY INCORPORATED

CONSOLIDATED BALANCE SHEET

(Unaudited, amounts in thousands)	07/24/10			04/24/10
Current assets
Cash and equivalents	$	93,133		$	108,421
Receivables, net of allowance of $21,414 at 07/24/10 and $20,258 at 04/24/10		150,302			165,038
Inventories, net		138,952			134,187
Deferred income taxes – current		2,305			2,305
Other current assets		17,403			18,159
Total current assets		402,095			428,110
Property, plant and equipment, net		133,482			138,857
Trade names		3,100			3,100
Deferred income taxes – long-term		442			458
Other long-term assets		34,923			38,293
Total assets	$	574,042		$	608,818
Current liabilities
Current portion of long-term debt	$	5,223		$	1,066
Accounts payable		43,299			54,718
Accrued expenses and other current liabilities		73,805			91,496
Total current liabilities		122,327			147,280
Long-term debt		40,540			46,917
Other long-term liabilities		66,887			68,381
Contingencies and commitments		—			—
Equity
La-Z-Boy Incorporated shareholders’ equity:
Common shares, $1 par value		51,823			51,770
Capital in excess of par value		202,937			201,873
Retained earnings		109,155			108,707
Accumulated other comprehensive loss		(20,606	)		(20,251	)
Total La-Z-Boy Incorporated shareholders' equity		343,309			342,099
Noncontrolling interests		979			4,141
Total equity		344,288			346,240
Total liabilities and equity	$	574,042		$	608,818

LA-Z-BOY INCORPORATED

CONSOLIDATED STATEMENT OF CASH FLOWS

	First Quarter Ended
(Unaudited, amounts in thousands)	07/24/10			07/25/09
Cash flows from operating activities
Net income (loss)	$	(579	)	$	2,031
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities
(Gain) loss on sale of assets		27			(13	)
Restructuring		144			1,037
Provision for doubtful accounts		914			2,362
Depreciation and amortization		5,806			6,275
Stock-based compensation expense		1,027			1,007
Change in receivables		16,985			8,898
Change in inventories		(9,332	)		(2,098	)
Change in other assets		(19	)		(4,665	)
Change in payables		(10,667	)		(2,326	)
Change in other liabilities		(16,259	)		1,269
Change in deferred taxes		37			8
Total adjustments		(11,337	)		11,754
Net cash provided by (used for) operating activities		(11,916	)		13,785
Cash flows from investing activities
Proceeds from disposals of assets		22			1,686
Capital expenditures		(2,436	)		(1,439	)
Purchases of investments		(4,333	)		(1,199	)
Proceeds from sales of investments		4,353			2,664
Change in restricted cash		—			17,007
Change in other long-term assets		(13	)		(15	)
Net cash provided by (used for) investing activities		(2,407	)		18,704
Cash flows from financing activities
Proceeds from debt		10,238			10,460
Payments on debt		(10,566	)		(22,159	)
Stock issued from stock plans		24			—
Net cash used for financing activities		(304	)		(11,699	)
Effect of exchange rate changes on cash and equivalents		(29	)		179
Change in cash and equivalents		(14,656	)		20,969
Cash reduction upon deconsolidation of VIE		(632	)		—
Cash and equivalents at beginning of period		108,421			17,364
Cash and equivalents at end of period	$	93,133		$	38,333
Cash paid (net of refunds) during period – income taxes	$	2,461		$	266
Cash paid during period – interest	$	537		$	725

LA-Z-BOY INCORPORATED

SEGMENT INFORMATION

	First Quarter Ended
(Unaudited, amounts in thousands)	07/24/10			07/25/09
Sales
Upholstery Group	$	201,934		$	196,692
Casegoods Group		36,850			35,865
Retail Group		35,307			35,961
VIEs		7,542			11,739
Corporate and Other		376			1,862
Eliminations		(18,696	)		(19,448	)
Consolidated Sales	$	263,313		$	262,671
Operating Income (Loss)
Upholstery Group	$	10,088		$	16,290
Casegoods Group		1,575			(121	)
Retail Group		(4,924	)		(5,668	)
VIEs		(1,040	)		99
Corporate and Other		(6,606	)		(7,100	)
Restructuring		(144	)		(1,037	)
Consolidated Operating Income (Loss)	$	(1,051	)	$	2,463