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<HEAD>
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<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A001></A>

<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B> </FONT></P><!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>WASHINGTON,
D.C. 20549-1004 </FONT></H1><!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->

<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>FORM 8-K
</FONT></H1><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>Current Report
Pursuant to Section 13 or 15(d)of <BR>the Securities Exchange Act of 1934
</FONT></P><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->

<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October 12,
2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>(Date
of Report (Date of Earliest Event Reported))</FONT></P><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LA-Z-BOY
INCORPORATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>(Exact
name of registrant as specified in its charter) </FONT></P>





<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="100%">
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MICHIGAN</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1-9656</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>38-0751137</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction of</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="29%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(IRS Employer</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>incorporation)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File Number)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="29%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indentification Number)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>





<p>





<BR><BR>
</p>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center>

  <TR vAlign=bottom>
    <TH colSpan=3><FONT face="Times New Roman, Times, Serif" size=2>1284 North
      Telegraph Road, Monroe, Michigan</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3><FONT face="Times New Roman, Times, Serif"
      size=2>48162-3390</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH></TR>
  <TR vAlign=bottom>
    <TD align="center" width="41%"><FONT face="Times New Roman, Times, Serif"
      size=2>(Address of principal executive offices)</FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="3%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align="center" width="53%"><FONT face="Times New Roman, Times, Serif"
      size=2>Zip Code </FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR> </TABLE>
<P align=center><FONT FACE="Times New Roman" SIZE="2">Registrant's telephone number, including area code <U>(734)
241-4074</U></font></P>
<p><BR><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
</p>
<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P><!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P align=center><FONT face="Times New Roman, Times, Serif"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Former name or former
address, if changed since last report.)
</FONT></P>

<P><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:<br><br>

[&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br><br>

[&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>






<P style="PAGE-BREAK-AFTER: always"></P>

<HR color=black SIZE=4>

<p><FONT FACE="Times New Roman" SIZE="2"><b>Item 7.01:  Regulation FD Disclosure</b><br><br>On
October 12, 2006, the Registrant issued a press release updating the fiscal 2007
second quarter earnings guidance.&nbsp; A copy of the press release is attached hereto as Exhibit 99. </font></p>


<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Item 9.01&nbsp; Financial Statements and Exhibits </B></FONT></P>


<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following exhibit
is furnished as part of this report: </FONT></P>









<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=413>
<TR VALIGN=Bottom>
     <TH COLSPAN=2 width="75" align=left>
     <font size="1">Exhibit No.</font>
     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 align=left width="338">

     <FONT FACE="Times New Roman, Times, Serif" SIZE=1>Description</FONT>

     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
</TR>
<TR VALIGN=Bottom>
     <TD WIDTH=1 ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=56 ALIGN=RIGHT>
     <p align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99</FONT></TD>

     <TD WIDTH=332 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     Press Release issued October 12, 2006</FONT></TD>
     <TD WIDTH=5 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     </TR>
</TABLE>

<p>&nbsp;</p>


<!-- MARKER FORMAT-SHEET="Head Minor Center Bold-TNR" FSL="Project" -->
<H1 align=left><FONT face="Times New Roman, Times, Serif"
size=3><B>SIGNATURE</B></FONT></H1><!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized. </FONT></P><!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2><B><u>LA-Z-BOY
      INCORPORATED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></B><BR>(Registrant)</FONT><BR></TD></TR> </TABLE>
<p><BR><!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
</p>
<P><FONT face="Times New Roman, Times, Serif" size=2>Date: October 12, 2006
</FONT></P><!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2><BR><BR><u>BY: /S/ Mark Copping&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>
    Mark Copping<BR>Corporate Controller<BR>On behalf of the registrant and
      as<BR>Chief Accounting Officer</FONT>
</TD></TR> </TABLE>
<p><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
</p>
<P style="PAGE-BREAK-AFTER: always"></P>

<HR color=black SIZE=4>
<P><FONT face="Times New Roman, Times, Serif" size=2><B>Exhibit 99</B>
</FONT></P>





<P ALIGN="Center">
<IMG SRC="logo.jpg"width="412" height="92"></p>
<P><FONT face="Times New Roman, Times, Serif" size=2><B>NEWS RELEASE</B>
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center>

  <TR vAlign=bottom>
    <TH align=left>&nbsp;</TH>
    <TH align="center">&nbsp;</TH>
    <TH align=right>&nbsp;</TH></TR>
  <TR vAlign=top>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>Contact:&nbsp;&nbsp;Mark Stegeman </FONT></TD>
    <TD align="center"><FONT face="Times New Roman, Times, Serif" size=2>(734)
      241-4418 </FONT></TD>
    <TD align=right>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#0000FF"><U>mark.stegeman@la-z-boy.com</U> </FONT> </TD></TR></TABLE>

<BR>

<H1 ALIGN=CENTER><u><FONT FACE="Times New Roman, Times, Serif" SIZE=4>LA-Z-BOY COMMENTS ON
BUSINESS OUTLOOK </FONT></u></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MONROE, MI. October 12, 2006 &#150;
La-Z-Boy Incorporated <B>(NYSE, PCX: LZB)</B> announced today it now expects earnings per
share for its second fiscal quarter ending October 28, 2006 to be in the range of $0.01
&#151; $0.04 per share. The previously announced expected range of earnings per share was
$0.11 &#151; $0.15. During last year&#146;s second fiscal quarter, the company had a loss
of $0.12 per share, which included an after-tax restructuring charge of $0.10 per share
related to the closure of its Waterloo, Ontario upholstery facility and $0.01 in income
from discontinued operations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>La-Z-Boy President and CEO Kurt
Darrow noted, &#147;The weaker-than-anticipated retail environment during the summer
period leads us to now expect year-over-year sales for the quarter to be essentially flat
compared to our original expectation of a mid-single-digit increase. Although we saw a
pick up in written sales over the Labor Day weekend, the momentum was brief and subsequent
activity has been sporadic. Our reduction in earnings guidance is primarily due to
lower-than-expected sales volume, which is impacting both our wholesale upholstery and
casegoods businesses as well as our company-owned retail stores.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Darrow continued, &#147;While volume
has been challenging, our core wholesale businesses are expected to show improving margin
trends both year over year and sequentially from our fiscal first quarter, demonstrating
the changes we&#146;ve made in these operations are enabling us to operate more
efficiently even on lower volume. However, in our retail segment, where we have a higher
fixed-cost structure and are continuing to address transitional issues in many of our
markets, the decrease in volume is having a significant impact on our expected operating
results.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The company plans to report this
year&#146;s fiscal second quarter operating results after the market close on Tuesday,
November 14, 2006 with its regular quarterly investor conference call the following
morning, Wednesday, November 15, 2006 at 8:30 a.m. EST. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A002></A>
<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Forward-looking
Information  </FONT></u></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any forward-looking statements
contained in this news release are based on current information and assumptions and
represent management&#146;s best judgment at the present time. Actual results could differ
materially from those anticipated or projected due to a number of factors. These factors
include, but are not limited to: (a) changes in consumer confidence; (b) changes in
demographics; (c) changes in housing sales; (d) the impact of terrorism or war; (e)
continued energy price changes; (f) the impact of logistics on imports; (g) the impact of
interest rate changes; (h) the potential disruptions from Chinese imports; (i) inventory
supply price fluctuations; (j) the impact of imports as it relates to continued domestic
production; (k) changes in currency exchange rates; (l) competitive factors; (m) operating
factors, such as supply, labor, or distribution disruptions including changes in operating
conditions or costs; (n) effects of restructuring actions; (o) changes in the domestic or
international regulatory environment; (p) not fully realizing cost reductions through
restructurings; (q) ability to implement global sourcing organization strategies; (r) the
impact of new manufacturing technologies; (s) the future financial performance and
condition of independently operated dealers that we are required to consolidate into our
financial statements or changes requiring us to consolidate additional independently
operated dealers; (t) fair value changes to our intangible assets due to actual results
differing from projected; (u) the impact of adopting new accounting principles; (v) the
impact from natural events such as hurricanes, earthquakes and tornadoes; (w) the ability
to turn around under-performing retail stores; (x) the impact of retail store relocation
costs, the success of new stores or the timing of converting stores to the New Generation
format; (y) the ability to procure fabric rolls or cut-and-sewn sets domestically or
abroad; and (z) factors relating to acquisitions and other factors identified from time to
time in our reports filed with the Securities and Exchange Commission. We undertake no
obligation to update or revise any forward-looking statements, either to reflect new
developments, or for any other reason. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A003></A>
<P style="PAGE-BREAK-AFTER: always"></P>

<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Additional Information </FONT>
</u></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This news release is just one part of
La-Z-Boy&#146;s financial disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission, which is available at
<font color="#0000FF">
<U>http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx</U></font>. Investors and
others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly
investor conference calls may sign up at: </FONT>
<BR>

<font face="Times New Roman, Times, Serif" size="2"><font color="#0000FF"><u>http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx</u></font></font>.
</p>




<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Background Information </FONT>
</u></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>La-Z-Boy Incorporated is one of the
world&#146;s leading residential furniture producers, marketing furniture for every room
of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, Centurion, England,
La-Z-Boy, and Sam Moore. The La-Z-Boy Casegoods Group companies are American Drew,
Hammary, Kincaid, Lea, Clayton Marcus, and Pennsylvania House. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The corporation&#146;s vast
proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated
products and brands, and includes 334 stand-alone La-Z-Boy Furniture Galleries&reg; stores
and 315 La-Z-Boy In-Store Galleries, in addition to in-store gallery programs at the
company&#146;s Kincaid, Pennsylvania House, Clayton Marcus, England and Lea operating
units. According to industry trade publication <I>In Furniture</I>, the La-Z-Boy Furniture
Galleries retail network is North America&#146;s largest single-brand furniture retailer.
Additional information is available at <U><font color="#0000FF">http://www.la-z-boy.com/</font></U>. </FONT></P>





</BODY>
</HTML>
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{"company-data": {"conformed-name": "LA-Z-BOY INC", "cik": "0000057131", "assigned-sic": "2510", "irs-number": "380751137", "state-of-incorporation": "MI", "fiscal-year-end": "0428"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09656", "film-number": "061142382"}, "business-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162", "phone": "7342414414"}, "mail-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162"}, "former-company": {"former-conformed-name": "LA Z BOY CHAIR CO", "date-changed": "19920703"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549-1004
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)of
the Securities Exchange Act of 1934
October 12,
2006
(Date
of Report (Date of Earliest Event Reported))
LA-Z-BOY
INCORPORATED
(Exact
name of registrant as specified in its charter)
MICHIGAN
1-9656
38-0751137
(State or other jurisdiction of
(Commission
(IRS Employer
incorporation)
File Number)
Indentification Number)
1284 North
      Telegraph Road, Monroe, Michigan
48162-3390
(Address of principal executive offices)
Zip Code
Registrant's telephone number, including area code
(734)
241-4074
None
(Former name or former
address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01:  Regulation FD Disclosure
On
October 12, 2006, the Registrant issued a press release updating the fiscal 2007
second quarter earnings guidance.  A copy of the press release is attached hereto as Exhibit 99.
Item 9.01  Financial Statements and Exhibits
The following exhibit
is furnished as part of this report:
Exhibit No.
Description
99
Press Release issued October 12, 2006
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
LA-Z-BOY
      INCORPORATED
(Registrant)
Date: October 12, 2006
BY: /S/ Mark Copping
Mark Copping
Corporate Controller
On behalf of the registrant and
      as
Chief Accounting Officer
Exhibit 99
NEWS RELEASE
Contact:  Mark Stegeman
(734)
      241-4418
mark.stegeman@la-z-boy.com
LA-Z-BOY COMMENTS ON
BUSINESS OUTLOOK
MONROE, MI. October 12, 2006 –
La-Z-Boy Incorporated
(NYSE, PCX: LZB)
announced today it now expects earnings per
share for its second fiscal quarter ending October 28, 2006 to be in the range of $0.01
— $0.04 per share. The previously announced expected range of earnings per share was
$0.11 — $0.15. During last year's second fiscal quarter, the company had a loss
of $0.12 per share, which included an after-tax restructuring charge of $0.10 per share
related to the closure of its Waterloo, Ontario upholstery facility and $0.01 in income
from discontinued operations.
La-Z-Boy President and CEO Kurt
Darrow noted, "The weaker-than-anticipated retail environment during the summer
period leads us to now expect year-over-year sales for the quarter to be essentially flat
compared to our original expectation of a mid-single-digit increase. Although we saw a
pick up in written sales over the Labor Day weekend, the momentum was brief and subsequent
activity has been sporadic. Our reduction in earnings guidance is primarily due to
lower-than-expected sales volume, which is impacting both our wholesale upholstery and
casegoods businesses as well as our company-owned retail stores."
Darrow continued, "While volume
has been challenging, our core wholesale businesses are expected to show improving margin
trends both year over year and sequentially from our fiscal first quarter, demonstrating
the changes we've made in these operations are enabling us to operate more
efficiently even on lower volume. However, in our retail segment, where we have a higher
fixed-cost structure and are continuing to address transitional issues in many of our
markets, the decrease in volume is having a significant impact on our expected operating
results."
The company plans to report this
year's fiscal second quarter operating results after the market close on Tuesday,
November 14, 2006 with its regular quarterly investor conference call the following
morning, Wednesday, November 15, 2006 at 8:30 a.m. EST.
Forward-looking
Information
Any forward-looking statements
contained in this news release are based on current information and assumptions and
represent management's best judgment at the present time. Actual results could differ
materially from those anticipated or projected due to a number of factors. These factors
include, but are not limited to: (a) changes in consumer confidence; (b) changes in
demographics; (c) changes in housing sales; (d) the impact of terrorism or war; (e)
continued energy price changes; (f) the impact of logistics on imports; (g) the impact of
interest rate changes; (h) the potential disruptions from Chinese imports; (i) inventory
supply price fluctuations; (j) the impact of imports as it relates to continued domestic
production; (k) changes in currency exchange rates; (l) competitive factors; (m) operating
factors, such as supply, labor, or distribution disruptions including changes in operating
conditions or costs; (n) effects of restructuring actions; (o) changes in the domestic or
international regulatory environment; (p) not fully realizing cost reductions through
restructurings; (q) ability to implement global sourcing organization strategies; (r) the
impact of new manufacturing technologies; (s) the future financial performance and
condition of independently operated dealers that we are required to consolidate into our
financial statements or changes requiring us to consolidate additional independently
operated dealers; (t) fair value changes to our intangible assets due to actual results
differing from projected; (u) the impact of adopting new accounting principles; (v) the
impact from natural events such as hurricanes, earthquakes and tornadoes; (w) the ability
to turn around under-performing retail stores; (x) the impact of retail store relocation
costs, the success of new stores or the timing of converting stores to the New Generation
format; (y) the ability to procure fabric rolls or cut-and-sewn sets domestically or
abroad; and (z) factors relating to acquisitions and other factors identified from time to
time in our reports filed with the Securities and Exchange Commission. We undertake no
obligation to update or revise any forward-looking statements, either to reflect new
developments, or for any other reason.
Additional Information
This news release is just one part of
La-Z-Boy's financial disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission, which is available at
http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx
. Investors and
others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly
investor conference calls may sign up at:
http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx
.
Background Information
La-Z-Boy Incorporated is one of the
world's leading residential furniture producers, marketing furniture for every room
of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, Centurion, England,
La-Z-Boy, and Sam Moore. The La-Z-Boy Casegoods Group companies are American Drew,
Hammary, Kincaid, Lea, Clayton Marcus, and Pennsylvania House.
The corporation's vast
proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated
products and brands, and includes 334 stand-alone La-Z-Boy Furniture Galleries® stores
and 315 La-Z-Boy In-Store Galleries, in addition to in-store gallery programs at the
company's Kincaid, Pennsylvania House, Clayton Marcus, England and Lea operating
units. According to industry trade publication
In Furniture
, the La-Z-Boy Furniture
Galleries retail network is North America's largest single-brand furniture retailer.
Additional information is available at
http://www.la-z-boy.com/
.