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La-Z-Boy Incorporated (LZB) Risk Analysis
Risk Overview Q2, 2026
Source: the company's latest filing for the period ended Jul 25, 2026, filed Aug 18, 2026
Risk Change Over Time
- Cyber Security - Risk 1Our business and our reputation could be adversely affected by cybersecurity incidents and the failure to protect sensitive employee, customer, consumer, vendor information relating to customers, consumers, employees, contractors, suppliers, vendors and other third parties or Company data. confidential business information.
We receive, process, store, and share sensitive information relating to our customers, consumers, employees, contractors, suppliers, vendors and other third parties, including payment information, personally identifiable information, confidential business information, and proprietary data. We also rely on third-party service providers and cloud-based technology platforms to support certain business operations and maintain certain information technology systems and infrastructure. Cybersecurity threats and incidents, including phishing, ransomware, malware, social engineering, denial-of-service attacks, and other attempts to gain unauthorized access to systems or data, continue to increase in frequency and sophistication. In addition, evolving technologies, including artificial intelligence ("AI"), may increase the effectiveness, speed and scale of cyber-attacks. During fiscal 2026, we experienced attempts to breach our networks and systems, and we expect such attempts to continue. Despite the cybersecurity measures and controls that we maintain, our systems and those of our third-party service providers may be vulnerable to cybersecurity incidents, unauthorized access, data loss, theft, misuse, or other security breaches. Because techniques used to obtain unauthorized access to systems and data are constantly evolving, our security measures may not detect or prevent all incidents on a timely basis or at all. A significant cybersecurity incident or data breach could disrupt our operations, compromise sensitive information, damage our reputation, result in lost sales or customers, expose us to litigation or regulatory investigations, and result in remediation costs, fines, penalties, or other liabilities. Although we maintain insurance coverage intended to mitigate certain losses, our coverage may not be adequate to cover all costs or liabilities associated with a cybersecurity incident.
- Technology - Risk 2We rely extensively on information technology systems to process transactions, summarize results, and manage our business and that of certain independent dealers. Disruptions in both to our primary and back-up information technology systems could adversely affect our business and results of operations.
We rely extensively on information technology systems to process transactions, manage our operations, support certain independent dealers, maintain financial and operational records, and communicate throughout our supply chain. We also depend on systems and services provided by third-party technology vendors. Our information technology systems, including back-up systems, may be damaged, interrupted, or fail to operate properly as a result of power outages, telecommunications failures, hardware or software failures, employee error, cyber incidents, natural disasters, adverse weather, or other events beyond our control. In addition, disruptions or failures affecting critical systems or infrastructure maintained by third-party service providers could adversely affect our operations. Any significant disruption, outage or failure involving our information technology systems or those of our third-party providers could result in operational delays, production disruptions, supply chain interruptions, lost sales, customer dissatisfaction, increased costs, and reputational harm, which could adversely affect our business and results of operations. If critical systems become unavailable or damaged, we may be required to make substantial investments to repair, replace, or restore such systems and implement alternative processes or remediation measures. Although we maintain business continuity and disaster recovery plans, such plans may not be effective in all circumstances. While we carry insurance that would mitigate losses from certain damage, interruption, or breach of our information technology systems, insurance may be insufficient to compensate us fully for potential significant losses.
Risk Highlights Q2, 2026
Risk Word Cloud
Risk Factors Full Breakdown - Total Risks 21
- Manufacturing - Risk 1We may be subject to product liability and other claims or undertake to recall one or more products, which could adversely affect our reputation, business, results of operations and financial condition.
Millions of our products, sold over many years, are currently used by consumers. We have voluntarily recalled products in the past, and while none of those recalls has resulted in a material expense or other significant adverse effect, a significant product recall or other product-related litigation could result in future additional expense, penalties, and injury to our brands and reputation, and adversely affect our business and results of operations. In addition, we are involved in lawsuits, claims and proceedings incident to the ordinary course of our business. Litigation is inherently unpredictable. Any claims against us, whether meritorious or not, could result in costly litigation that could adversely affect our business and results of operations. Although we maintain liability insurance in amounts that we believe are reasonable, in most cases, we are responsible for large, self-insured retentions and legal defense costs. We may not be able to maintain such insurance on acceptable terms, if at all, in the future, or product liability or other claims may exceed the amount of our insurance coverage, or all such matters may not be covered by our insurance. As a result, product liability and other claims could have a material adverse effect on our reputation, business, results of operations and financial condition.
See a full breakdown of risk according to category and subcategory. The list starts with the category with the most risk. Click on subcategories to read relevant extracts from the most recent report.