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Segment Information
 6 Months Ended
Oct. 26, 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 193 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 EndedSix Months Ended
(Unaudited, amounts in thousands)10/26/202410/28/202310/26/202410/28/2023
Sales
Wholesale segment:
Sales to external customers$258,983 $263,738 $515,003 $499,989 
Intersegment sales104,914 101,229 199,794 198,453 
Wholesale segment sales363,897 364,967 714,797 698,442 
Retail segment sales221,564 214,309 423,934 422,552 
Corporate and Other:
Sales to external customers40,480 33,388 77,622 70,545 
Intersegment sales1,607 2,844 3,173 5,748 
Corporate and Other sales42,087 36,232 80,795 76,293 
Eliminations(106,521)(104,073)(202,967)(204,201)
Consolidated sales$521,027 $511,435 $1,016,559 $993,086 
Operating Income (Loss)
Wholesale segment$24,529 $21,450 $48,528 $44,953 
Retail segment27,897 27,935 48,546 57,199 
Corporate and Other(13,654)(15,773)(25,932)(34,014)
Consolidated operating income38,772 33,612 71,142 68,138 
Interest expense(99)(101)(309)(223)
Interest income3,730 4,042 8,154 7,098 
Other income (expense), net(1,879)104 (2,497)660 
Income before income taxes$40,524 $37,657 $76,490 $75,673