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Segment Information
 3 Months Ended
Jul. 27, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable operating segments include the Wholesale segment and the Retail segment.

Wholesale Segment. Our Wholesale segment consists primarily of four operating segments: La-Z-Boy, our largest operating segment, our England subsidiary, our casegoods operating segment that sells furniture under three brands (American Drew®, Hammary®, and Kincaid®), and our international operating segment, which includes our international La-Z-Boy wholesale and manufacturing businesses. We aggregate these operating segments into one reportable segment because they are economically similar and meet the other aggregation criteria for determining reportable segments. Our Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture such as bedroom sets, dining room sets, entertainment centers and occasional pieces. The Wholesale segment sells directly to La-Z-Boy Furniture Galleries® stores, operators of La-Z-Boy Comfort Studio® locations, England Custom Comfort Center locations, major dealers, and a wide cross-section of other independent retailers.

Retail Segment. Our Retail segment consists of one operating segment comprised of our 188 company-owned La-Z-Boy Furniture Galleries® stores. The Retail segment sells primarily upholstered furniture, in addition to some casegoods and other home furnishings accessories, to end consumers through these stores.

Corporate and Other. Corporate and Other includes the shared costs for corporate functions, including human resources, information technology, finance and legal, in addition to revenue generated through royalty agreements with companies licensed to use the La-Z-Boy® brand name on various products. We consider our corporate functions to be other business activities and have aggregated them with our other insignificant operating segments, including our global trading company in Hong Kong and Joybird, an e-commerce retailer that manufactures upholstered furniture such as sofas, loveseats, chairs, ottomans, sleeper sofas and beds, and also imports casegoods (wood) furniture such as occasional tables and other accessories. Joybird sells to the end consumer primarily online through its website, www.joybird.com, and through small-format stores in key urban markets. None of the operating segments included in Corporate and Other meet the requirements of reportable segments.
The following table presents sales and operating income (loss) by segment:
Quarter Ended
(Unaudited, amounts in thousands)7/27/20247/29/2023
Sales
Wholesale segment:
Sales to external customers$256,020 $236,251 
Intersegment sales94,880 97,224 
Wholesale segment sales350,900 333,475 
Retail segment sales202,370 208,243 
Corporate and Other:
Sales to external customers37,142 37,157 
Intersegment sales1,566 2,904 
Corporate and Other sales38,708 40,061 
Eliminations(96,446)(100,128)
Consolidated sales$495,532 $481,651 
Operating Income (Loss)
Wholesale segment$23,999 $23,503 
Retail segment20,649 29,264 
Corporate and Other(12,278)(18,241)
Consolidated operating income32,370 34,526 
Interest expense(210)(122)
Interest income4,424 3,056 
Other income (expense), net(618)556 
Income before income taxes$35,966 $38,016