Economic Sensitivity to Consumer Spending: As a discretionary purchase, furniture sales are highly sensitive to overall economic conditions, consumer confidence, and disposable income levels, directly impacting demand for La-Z-Boy's products.

Supply Chain Disruptions and Input Cost Volatility: The company relies on various raw materials and global supply chains. Disruptions, labor shortages, and fluctuations in raw material costs (e.g., wood, fabric, foam, steel) can increase production expenses, delay deliveries, and impact profitability.

Intense Competition in the Furniture Market: La-Z-Boy operates in a highly fragmented and competitive market, facing pressure from traditional retailers, online sellers, and private labels, which could lead to pricing pressures or loss of market share.