EXHIBIT 99.2

LA-Z-BOY INCORPORATED

CONSOLIDATED STATEMENT OF OPERATIONS

	First Quarter Ended

(Unaudited, amounts in thousands, except per share data)	7/25/09		7/26/08
Sales	$	262,671	$	321,652
Cost of sales
Cost of goods sold		181,549		235,596
Restructuring		736		5,795
Total cost of sales		182,285		241,391
Gross profit		80,386		80,261
Selling, general and administrative		77,456		91,270
Write-down of intangibles		—		1,292
Restructuring		301		781
Operating income (loss)		2,629		(13,082	)
Interest expense		980		1,495
Interest income		276		932
Other income, net		711		143
Earnings (loss) before income taxes		2,636		(13,502	)
Income tax expense (benefit)		439		(5,044	)
Net income (loss)		2,197		(8,458	)
Less net income attributable to noncontrolling interests		214		86
Net income (loss) attributable to La-Z-Boy Incorporated	$	1,983	$	(8,544	)

Basic average shares		51,479		51,428
Basic net income (loss) attributable to La-Z-Boy Incorporated per share	$	0.04	$	(0.17	)

Diluted average shares		51,479		51,428
Diluted net income (loss) attributable to La-Z-Boy Incorporated per share	$	0.04	$	(0.17	)

Dividends paid per share	$	—	$	0.04

During the first quarter of fiscal 2010, we implemented SFAS No. 160, the new accounting standard which changes how companies account for noncontrolling interests. Refer to our Form 10-Q for the quarter ended July 25, 2009 for additional information.

LA-Z-BOY INCORPORATED

CONSOLIDATED BALANCE SHEET

(Unaudited, amounts in thousands)	7/25/09			4/25/09
Current assets
Cash and equivalents	$	38,333		$	17,364
Restricted cash		500			18,713
Receivables, net of allowance of $24,408 at 7/25/09 and $28,385 at 4/25/09		137,552			147,858
Inventories, net		142,276			140,178
Deferred income taxes—current		795			795
Other current assets		28,074			22,872
Total current assets		347,530			347,780
Property, plant and equipment, net		146,593			150,234
Trade names		3,100			3,100
Other long-term assets, net of allowance of $1,492 at 7/25/09 and $4,309 at 4/25/09		48,359			51,431
Total assets	$	545,582		$	552,545

Current liabilities
Current portion of long-term debt	$	2,121		$	8,724
Accounts payable		39,245			41,571
Accrued expenses and other current liabilities		77,037			75,733
Total current liabilities		118,403			126,028
Long-term debt		47,052			52,148
Deferred income taxes		732			724
Other long-term liabilities		65,657			63,875
Contingencies and commitments		—			—
Equity
La-Z-Boy Incorporated shareholders’ equity:
Common shares, $1 par value		51,480			51,478
Capital in excess of par value		198,361			205,945
Retained earnings		81,352			70,769
Accumulated other comprehensive loss		(22,059	)		(22,698	)
Total La-Z-Boy Incorporated shareholders' equity		309,134			305,494
Noncontrolling interests		4,604			4,276
Total equity		313,738			309,770
Total liabilities and equity	$	545,582		$	552,545

LA-Z-BOY INCORPORATED

CONSOLIDATED STATEMENT OF CASH FLOWS

	First Quarter Ended
(Unaudited, amounts in thousands)	7/25/09			7/26/08
Cash flows from operating activities
Net income (loss)	$	2,197		$	(8,458	)
Adjustments to reconcile net income (loss) to cash provided by operating activities
Gain on sale of assets		(13	)		(2,066	)
Write-down of intangibles		—			1,292
Restructuring		1,037			6,576
Provision for doubtful accounts		2,362			4,203
Depreciation and amortization		6,109			5,954
Stock-based compensation expense		1,007			869
Change in receivables		8,898			14,170
Change in inventories		(2,098	)		10,906
Change in payables		(2,326	)		(6,448	)
Change in other assets and liabilities		(3,396	)		(23,718	)
Change in deferred taxes		8			1,161
Total adjustments		11,588			12,899
Net cash provided by operating activities		13,785			4,441

Cash flows from investing activities
Proceeds from disposals of assets		1,686			4,981
Capital expenditures		(1,439	)		(7,372	)
Purchases of investments		(1,199	)		(5,449	)
Proceeds from sales of investments		2,664			5,794
Change in restricted cash		17,007			(288	)
Change in other long-term assets		(15	)		71
Net cash provided by (used for) investing activities		18,704			(2,263	)

Cash flows from financing activities
Proceeds from debt		10,460			14,635
Payments on debt		(22,159	)		(18,857	)
Dividends paid		—			(2,077	)
Net cash used for financing activities		(11,699	)		(6,299	)

Effect of exchange rate changes on cash and equivalents		179			(39	)
Change in cash and equivalents		20,969			(4,160	)
Cash and equivalents at beginning of period		17,364			14,477
Cash and equivalents at end of period	$	38,333		$	10,317

Cash paid (net of refunds) during period – income taxes	$	266		$	923
Cash paid during period – interest	$	725		$	1,126

LA-Z-BOY INCORPORATED

SEGMENT INFORMATION

	First Quarter Ended
(Unaudited, amounts in thousands)	7/25/09			7/26/08
Sales
Upholstery Group	$	196,692		$	237,118
Casegoods Group		35,865			48,121
Retail Group		35,961			42,427
VIEs/Eliminations		(5,847	)		(6,014	)
Consolidated	$	262,671		$	321,652

Operating income (loss)
Upholstery Group	$	16,290		$	9,857
Casegoods Group		(121	)		1,377
Retail Group		(5,668	)		(10,010	)
Corporate and Other*		(6,835	)		(6,438	)
Restructuring		(1,037	)		(6,576	)
Intangible Write-down		—			(1,292	)
	$	2,629		$	(13,082	)

*Variable Interest Entities ("VIEs") are included in corporate and other.