SECURITIES AND EXCHANGE COMMISSION

                         WASHINGTON, D.C. 20549-1004

                                   FORM 10-Q

                  Quarterly Report Under Section 13 or 15(d)
                    of the Securities Exchange Act of 1934


       FOR QUARTER ENDED OCTOBER 25, 1997 COMMISSION FILE NUMBER 1-9656


                            LA-Z-BOY  INCORPORATED 
             (Exact name of registrant as specified in its charter)


                 MICHIGAN                           38-0751137
     (State or other jurisdiction of             (I.R.S. Employer
         incorporation or organization)           Identification No.)

1284 North Telegraph Road, Monroe, Michigan          48162-3390
 (Address of principal executive offices)            (Zip Code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (313) 241-4414


                                    None
Former name, former address and former fiscal year, if changed since last 
report.


Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by section 13 or 15 (d) of the Securities Exchange Act 
of 1934 during the preceding 12 months and (2) has been subject to such 
filing requirements for the past 90 days.

          Yes       [X]                              No        [ ] 

Indicate the number of shares outstanding of each issuer's classes of common 
stock, as of the last practicable date:

           Class                             Outstanding at October 25, 1997
- ------------------------------               -------------------------------
Common Shares, $1.00 par value                           17,828,415


                        Part I.  Financial Information
          
The Consolidated Balance Sheet and Consolidated Statement of Income required 
for Part I are contained in the Registrant's Financial Information Release
dated November 4, 1997 and are incorporated herein by reference.



          LA-Z-BOY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS
               INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
                   (Unaudited, dollar amounts in thousands)
          
                                     Three Months Ended    Six Months Ended
                                      ------------------   ----------------
                                    Oct. 25,  Oct. 26      Oct. 25   Oct. 26
                                       1997      1996        1997      1996
                                    --------- --------    -------   --------
Cash Flows from Operating Activities                        
  Net income                          $16,822  $15,252    $18,548   $19,850
                                                           
Adjustments to reconcile net income                        
  to net cash provided by operating                         
  activities 
 Depreciation and amortization          5,195    5,171     10,068    10,026
 Change in receivables                (52,888) (54,729)    (3,986)   (9,794)
 Change in inventories                  6,416    1,912     (7,742)  (11,016)
 Change in other assets and liab.      25,967   30,194     10,744    10,944
 Change in deferred taxes              (1,960)    (878)    (1,960)     (878)
                                     --------- --------  --------  --------
  Total adjustments                   (17,270) (18,330)     7,124      (718)
                                     --------- --------  --------  --------
 Cash Provided by Operating    
     Activities                          (448)  (3,078)    25,672    19,132
                                                            
Cash Flows from Investing Activities                       
Proceeds from disposals of assets          76      608        392       721
Capital expenditures                   (5,775)  (3,643)   (11,343)   (8,223)
Change in other investments               159      179       (288)   (5,442)
                                     --------- --------   --------  --------
 Cash Used for Investing Activities    (5,540)  (2,856)   (11,239)  (12,944)

Cash Flows from Financing Activities                       
 Short-term debt                            -        -          -         -
 Long-term debt                             -        -          -         -
Retirements of debt                      (116)     (64)    (2,041)   (3,004)
 Capital leases                             -        -
Capital lease principal payments         (513)    (513)    (1,040)   (1,078)
Stock for stock option plans            1,091      376      3,103     1,846
Stock for 401(k) employee plans           283      285        686       668
Purchase of La-Z-Boy stock             (6,973)  (3,242)    (9,397)  (10,368)
Payment of cash dividends              (3,775)  (2,981)    (7,543)   (6,463)
                                    ---------- --------   -------- ---------
 Cash Used for Financing Activities   (10,003)  (6,139)   (16,232)  (18,399)
                                                            
Effect of exch. rate changes on cash       62      159         98       107
                                     --------- --------   -------- ---------
Net change in cash and equivalents    (15,929) (11,914)    (1,701)  (12,104)
                                                        
Cash and equiv. beginning of period    39,610   26,870     25,382    27,060
                                     ---------- -------   -------- ---------
Cash and equiv. at end of period      $23,681  $14,956     23,681    14,956
                                     ========= ========   ======== ========= 

Cash paid during period - Income taxes  $6,222   $8,513   $7,663    $10,770
                        - Interest        $955   $1,137   $1,794     $1,970

For purposes of the Statement of Cash Flows, the Company considers all
highly liquid debt instruments purchased with a maturity of three months or
less to be cash equivalents.                                                
                                                                             
The accompanying Notes to Condensed Consolidated Financial Statements are an
integral part of these statements.                                        




                   LA-Z-BOY INCORPORATED AND OPERATING DIVISIONS
               NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1.   Basis of Presentation
     ---------------------
    The financial information is prepared in conformity with generally 
accepted accounting principles and such principles are applied on a basis 
consistent with those reflected in the 1997 Annual Report filed with the 
Securities and Exchange Commission.  The financial information included 
herein, other than the consolidated balance sheet as of April 26, 1997, has 
been prepared by management without audit by independent certified public 
accountants who do not express an opinion thereon.  The consolidated  
balance sheet as of October 25, 1997 has been prepared on a basis consistent 
with but does not include all the disclosures contained in, the audited 
consolidated financial statements for the year ended April 26, 1997.  The 
information furnished includes all adjustments and accruals consisting only 
of normal recurring accrual adjustments which are, in the opinion of 
management, necessary for a fair presentation of results for the interim 
period.

     
2.  Interim Results
    ---------------
    The foregoing interim results are not necessarily indicative of the 
    results of operations for the full fiscal year ending April 25, 1998.


3.  Commitments and Contingencies     
    -----------------------------
    There has been no significant change from the prior fiscal year end 
    audited financial statements.


                 LA-Z-BOY INCORPORATED AND OPERATING DIVISIONS
                              MANAGEMENT DISCUSSION 


Due to the cyclical nature of the Company's business, comparison of 
operations between the most recently completed quarter and the immediate 
preceding quarter would not be meaningful and could be misleading to the 
reader of these financial statements.

For further Management Discussion, see attached Exhibit 99.(a)

The Company's strong financial position is reflected in the debt to capital 
percentage of 14% and a current ratio of 3.2 to 1 at the end of the Second 
quarter.  At April 26, 1997, the debt to capital percentage was 15% and the 
current ratio was 3.5 to 1.  At the end of the preceding year's Second 
quarter, the debt to capital percentage was 16% and the current ratio was 
3.2 to 1.  As of October 25, 1997, there was $63 million of unused lines of 
credit available under several credit arrangements.

Approximately 30% of the 4 million shares of Company stock authorized for 
purchase on the open market are still available for purchase by the Company.  
The Company plans to be in the market for its shares as changes in its stock 
price and other factors present appropriate opportunities.


                         PART II. OTHER INFORMATION 


Item 5.  Other Information
- --------------------------
     On October 29, 1997, The Board of Directors of La-Z-Boy Incorporated
announced that Gerald L. Kiser has been named President and Chief 
Operating Officer of the Company.  The Board of Directors named 
Patrick H. Norton to Chairman of the Board of the company.  Mr. Kiser was
promoted from Executive Vice President and Chief Operating Officer.
Mr. Norton will continue to direct all sales and marketing activities.

For Further detail, see attached exhibit 99.(b)

Item 6.  Exhibits and Reports on Form 8-K
- -----------------------------------------
(a)(3i) Restated Articles of incorporation as filed with the state
        of Michigan, on September 18,1997.

   (3ii) By-Laws of la-Z-Boy Incorporated


   (27)   Financial Data Schedule (EDGAR only).

(99) (a)  News Release and Financial Information Release: re Actual second 
          quarter results and Management Discussion dated November 4, 1997
          (filed herewith).

(99) (b)  News Release: re Changes in Management of Registrant dated 
          October 29, 1997.
 

                                 SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused the Quarterly Report on Form 10-Q for the quarter 
ended October 25, 1997 to be signed on its behalf by the undersigned
thereunto duly authorized.

                                        LA-Z-BOY INCORPORATED  
                                              (Registrant)

                                        /s/G.M. Hardy
Date   November 4, 1997                   -----------------------------
                                        Gene M. Hardy
                                        Secretary and Treasurer
                                       (Principal Accounting Officer)
              


 
            
5 1,000 3-MOS APR-25-1998 OCT-25-1997 23,681 0 216,989 0 88,921 352,413 288,909 169,662 544,584 111,628 0 17,828 0 0 299,798 544,584 505,534 505,534 379,554 379,554 95,757 0 2,051 30,443 11,895 18,548 0 0 0 18,548 1.04 1.04 Receivables are reported net of allowances for doubtful accounts on the Statement of Financial Position.
                                News Release
                                ------------
                     LA-Z-BOY HAD HIGHER SALES, LOWER PROFITS
                               IN SECOND QUARTER

MONROE, MI.,  November 4, 1997:  La-Z-Boy Incorporated continued reaching
record levels of quarterly sales;  while profits rebounded from the first
quarter.

Financial Details
- -----------------
    For the second quarter ended 10/25/97, sales reached $293.2 million, up 
8% from last year's second quarter of $271.6 million.  Operating profit was 
$27.4 million vs. $25.5 million.  Net income was $16.8 million vs. $15.3 
million, and net income per share was $0.94 vs. $0.84.

    For the six months ended 10/25/97 sales were $506.5 million, up 7% from 
last year's first half of $473.8 million.  Operating profit was $30.2 
million vs. $33.5 million.  Net income was $18.5 million vs. $19.8 million, 
and net income per share was $1.04 vs. $1.09.  (About $0.10 of the $0.15 
decline in first quarter net income per share was due to La-Z-Boy's largest 
customer, Montgomery Ward, declaring bankruptcy.)

Short Term Sales Trends are Good:
- --------------------------------
    Sales order backlogs as of today and recent short term trends in sales 
orders indicate that November's and December's shipments over comparable 
prior year months will be above the 8% second quarter increase.  The 
strength in sales extends across most product lines and divisions

Marketing
- ---------
    The recently completed International Home Furnishings Market in High 
Point, North Carolina featured a broad spectrum of introductions from 
England/Corsair, "Cadence", a lifestyle occasional collection from Hammary, 
and "American Artifact", an updated "mission" look from Kincaid.  La-Z-Boy 
Residential introductions included deluxe massage recliners with built-in 
telephones and digital answering machines aimed at today's "high tech" 
customers and significant enhancements to the reclining sofa category.

    The La-Z-Boy brand recently placed 9th out of 260 household brands in a 
study by HFN magazine.  (The next highest furniture manufacturer placed 
32nd.)  To continue building the power and the strength of the La-Z-Boy 
name, the Residential Division recently launched an extensive national 
magazine advertising campaign in the nation's most widely read women's 
magazines and home decorating publications.  The series of four ads shows 
how the style, comfort and variety of La-Z-Boy upholstered home furnishings 
fit many family lifestyles.  The campaign will run through April 1998 and 
continues to offer consumers the free La-Z-Boy Home Furnishings Kit and the 
name of their nearest authorized La-Z-Boy dealer through our 1-800 Make-A-
Home toll free number.

    The Contract Furniture Group continues to post solid gains as a result 
of a very healthy business climate in the office furniture market.  The 
closing of the Grand Rapids, Michigan facilities has been completed and the 
manufacturing of systems furniture and laminate desks in the Lincolnton, 
North Carolina facility is well underway.

More Information
- ----------------
    La-Z-Boy's second quarter 10-Q filing including a full income statement, 
balance sheet, cash flow statement and additional management discussion is 
available now at La-Z-Boys worldwide web site (www.lazboy.com).  About 24 
to 48 hours after this release, the second quarter 10-Q information should 
be available on the SEC's web site in their EDGAR databases (www.sec.gov).  
The SEC's site also contains additional La-Z-Boy financial information, 
including 8-K and other filings, going back about two years.


NYSE & PCX:  LZB                        Contact:  Gene Hardy  (313) 241-4306


11/04/97     La-Z-Boy Incorporated Financial Information Release     1 of 3
                        CONSOLIDATED STATEMENT OF INCOME              
                  (Amounts in thousands, except per share data)          
                                                                         
                                      SECOND QUARTER ENDED  (UNAUDITED)   
                               ---------------------------------------------
                                                            Percent of Sales
                               Oct. 25,  Oct. 26,  % Over  ----------------
                                 1997      1996    (Under)    1997    1996 
                               --------  --------  -------   ------  ------
Sales                          $293,208  $271,554      8%    100.0%  100.0%
Cost of sales                   215,370   197,017      9%     73.5%   72.6%
                               --------  --------  -------   ------  ------
  Gross profit                   77,838    74,537      4%     26.5%   27.4%
                                                                         
S, G & A                         50,400    49,006      3%     17.1%   18.0%
                               --------  --------  -------   ------  ------
  Operating profit               27,438    25,531      7%      9.4%    9.4%
                                                                          
Interest expense                  1,027     1,097     -6%      0.4%    0.4%
Interest income                     512       367     40%      0.2%    0.1%
Other income                        527       521      1%      0.2%    0.2%
                               --------  --------  -------   ------  ------
  Pretax income                  27,450    25,322      8%      9.4%    9.3%
                                
Income taxes                     10,628    10,070      6%     38.7%*  39.8%*
                               --------  --------  -------   ------   -----
  Net income                    $16,822   $15,252     10%      5.7%    5.6% 
                               ========  ========  =======   ======   ====== 
 

 Average shares                  17,888    18,125     -1%

 Net income per share             $0.94     $0.84     12%                

 Dividends per share              $0.21     $0.19     11%  

 
                                       SIX MONTHS ENDED  (UNAUDITED)     
                               ---------------------------------------------
                                                            Percent of Sales
                               Oct. 25,   Oct. 26,  % Over  ----------------
                                 1997       1996    (Under)   1997    1996 
                               --------  --------  -------   ------  ------
Sales                          $505,534  $473,781      7%    100.0%  100.0%
Cost of sales                   379,554   351,934      8%     75.1%   74.3%
                               --------  --------  -------   ------  ------
  Gross profit                  125,980   121,847      3%     24.9%   25.7%
                                                                         
S, G & A                         95,757    88,360      8%     18.9%   18.6%
                               --------  --------  -------   ------  ------
  Operating profit               30,223    33,487    -10%      6.0%    7.1%
                                                                          
Interest expense                  2,051     2,204     -7%      0.4%    0.5%
Interest income                     994       830     20%      0.2%    0.2%
Other income                      1,277     1,306     -2%      0.2%    0.3%
                               --------  --------  -------   ------  ------
  Pretax income                  30,443    33,419     -9%      6.0%    7.1%
                                
Income taxes                     11,895    13,569    -12%     39.1%*  40.6%*
                               --------  --------  -------   ------   -----
  Net income                    $18,548   $19,850     -7%      3.7%    4.2% 
                               ========  ========  =======   ======   ====== 
 

 Average shares                  17,920    18,208     -2%

 Net Income per share             $1.04     $1.09     -5%                

 Dividends per share              $0.42     $0.38     11%                    


* As a percent of pretax income, not sales.





11/04/97     La-Z-Boy Incorporated Financial Information Release     2 of 3
                          CONSOLIDATED BALANCE SHEET                  
                            (Dollars in thousands)                          
                                                                             
                                  Unaudited           Increase             
                              ------------------     (Decrease)     Audited
                              Oct. 25,  Oct. 26,  ---------------  April 26,
                                1997      1996    Dollars  Percent    1997 
                              --------  --------  -------  ------- --------
Current assets                                                            
  Cash & equivalents           $23,681   $14,956   $8,725      58%  $25,382
  Receivables                  216,989   215,049    1,940       1%  215,032
  Inventories                                                              
    Raw materials               40,672    40,042      630       2%   36,959
    Work-in-process             36,652    38,556   (1,904)     -5%   34,854
    Finished goods              33,110    33,406     (296)     -1%   28,177
                               --------  --------  -------  ------- --------
      FIFO inventories         110,434   112,004   (1,570)     -1%   99,990
      Excess of FIFO over LIFO (21,513)  (21,796)     283       1%  (21,219)
                               --------  --------  -------  ------- --------
        Total inventories       88,921    90,208   (1,287)     -1%   78,771
  
  Deferred income taxes         22,395    20,149    2,246      11%   20,950
  Other current assets             427     7,621   (7,194)    -94%    2,640
                               --------  --------  -------  ------- --------
    Total current assets       352,413   347,983    4,430       1%  342,775
                                                                           
Property, plant & equipment    119,247   115,297    3,950       3%  114,658
                                                                           
Goodwill                        41,755    39,532    2,223       6%   38,702
                                                                          
Other long-term assets          31,169    31,075       94       0%   32,272
                               --------  --------  -------  ------- --------
      Total assets            $544,584  $533,887  $10,697       2% $528,407
                              ========  ========  =======  ======= ========

                      
                                   Unaudited           Increase
                              -----------------      (Decrease)     Audited 
                              Oct. 25,  Oct. 26,  ---------------  April 26, 
                                1997      1996    Dollars  Percent   1997 
                              --------  --------  -------  -------  -------
Current liabilities
  Current portion - l/t debt    $5,118    $4,625     $493     11%   $4,611
  Current portion - captl leases 1,778     2,072     (294)   -14%    2,017
  Accounts payable              37,579    41,706   (4,127)   -10%   28,589
  Payroll/other comp            32,362    32,798     (436)    -1%   37,934
  Estimated income taxes        11,132     9,217    1,915     21%    5,412
  Other current liabilities     23,659    18,973    4,686     25%   19,106
                              --------  --------  -------  ------   ------
    Total current liabilities  111,628   109,391    2,237      2%   97,669
                                                                            
Long-term debt                  52,522    55,071   (2,549)    -5%   52,449
                              
Capital leases                   1,401     3,183   (1,782)   -56%    2,202

Deferred income taxes            5,814     6,663     (849)   -13%    6,329

Other long-term liabilities     10,343    10,502     (159)    -2%   10,420

Commitments & contingencies
                                                                          
Shareholders' equity                                                       
  17,828,415 shares, $1.00 par  17,828    18,135     (307)    -2%   17,908
  Capital in excess of par      28,378    27,856      522      2%   27,697
  Retained earnings            317,626   303,693   13,933      5%  314,731
  Currency translation            (956)     (607)    (349)   -57%     (998)
                              --------  --------  -------  ------  -------
    Total shareholders' equity 362,876   349,077   13,799      4%  359,338
                              --------  --------  -------  ------  -------
      Total liabilities and                                                
      shareholders' equity    $544,584  $533,887  $10,697      2% $528,407
                              ========  ========  =======  ====== ========



11/4/97    La-Z-Boy Incorporated Financial Information Release   Page 3 of 3


Overall:
- -------
    Refer to today's press release for additional information.

    The quarter ended October 25, 1997 includes three months of income 
statement information and the balance sheet of Centurion Furniture plc, the 
recently acquired furniture manufacturer located in England.  Annual sales 
for Centurion for the year ended 3/31/97 were $12 million.


Gross Profit:
- ------------
    Gross profit margins declined to 26.5% of sales from 27.4% in last 
year's second quarter on an 8% increase in sales dollars and a 4% increase 
in sales units.  A combination of both selling price increases and favorable 
merchandising trends was offset by increased production costs.  Similar to 
the first quarter, a major reason for these increased costs was disruptions 
in the delivery of hardwood and plywood parts.  Secondly, additional costs 
associated with the relocation of contract casegoods operations occurred.

    The hardwood and plywood problems experienced in the first and second 
quarter are thought to be mostly resolved and are not expected to impact 
future quarters.  Costs relating to the contract casegoods consolidation are 
expected to continue into the third quarter but with a declining impact.


S,G & A:
- -------
    Second quarter S, G & A decreased from 18.0% of sales last year to 17.1% 
due mainly to decreases in bonus accruals and lower commission rates.  
Offsetting the decrease, information technologies expenses continue to 
increase as discussed in the first quarter.

Interest Income:
- ---------------
    Interest income increased 40% from last year due to an increase in cash 
balances.  The collection rate on receivables was a major contributor to the 
increase in cash.

Estimated Income Taxes:
- ----------------------
    Estimated income taxes increased 21% over last year.  Lower payments 
were remitted during the second quarter FY98 compared to FY97 due to first 
quarter income being significantly lower than prior year.  Federal law 
allows estimated taxes for the first and second quarters to be based on 
annualized income for the first three months only.


Other Current Assets:
- --------------------
    Other current assets have decreased 94% over last year.  One major 
reason for the decrease was the timing of advertising related expenditures 
being later in FY98 vs FY97.  In addition, assets for the company's self-
insured healthcare plans have been decreasing over the last year due to many 
plants switching from traditional insurance plans to HMO's.  This trend is 
not expected to continue.

Other Current Liabilities:
- -------------------------
    Other current liabilities increased 25% from last year.  The third 
dividend of the fiscal year was declared in the second quarter to be paid in 
the third quarter.  In the prior year this dividend was not declared until 
the third quarter.  The dividend payment is expected to be approximately 
$3.7 million.


                                News Release
                                ------------
LA-Z-BOY NAMES KISER PRESIDENT AND COO

    MONROE, Mich, October 29, 1997 -- The board of directors of La-Z-Boy 
Incorporated announced today that Gerald L. Kiser, 50, has been named 
president, chief operating officer (COO) and member of the board of the 
nation's leading manufacturer of upholstered furniture.  In his new 
capacity, Kiser will be responsible for the supervision of all operations of 
the corporation.

    Kiser's promotion followed the recent death of Charles T. Knabusch, 
president and chairman of La-Z-Boy Incorporated, who led the company from 
$53 million to more than $1 billion in sales during his tenure at the helm 
of the company.  As part of Knabusch's plan to successfully transfer 
management of the company to the next generation management group, earlier 
this year the board elevated Kiser to executive vice president and COO from 
his former position as vice president of operations.

    The board, in keeping with the management transition plan, named Patrick 
H. Norton, 75, to chairman where his primary duties will be to continue to 
direct the sales and marketing activities of the company and its 
subsidiaries.  To ensure that Knabusch's succession goals are accomplished, 
Norton will work with Kiser to complete the management transition to the 
team that will lead the company's aggressive future marketing program.

    In addition, the board promoted Frederick H. Jackson, 69, to executive 
vice president - finance from vice president of finance.  The company's 
executive committee will continue to include Kiser, Norton and Jackson.

    Kiser's extensive background in the furniture industry includes five 
years as vice president of operations for Kincaid Furniture Company, a La-Z-
Boy subsidiary located in Hudson, N.C.  Prior to joining Kincaid, Kiser held 
the position of case goods division manufacturing manager for Broyhill.  He 
also is currently active in the American Furniture Manufacturers 
Association.

    Headquartered in Monroe, Mich., La-Z-Boy is the nation's leading 
manufacturer of upholstered furniture and world's leading producer of 
reclining chairs.  The company employs 11,500 people, has 31 manufacturing 
facilities in the United States, Canada and Europe, and operates seven 
independent divisions, including La-Z-Boy Residential; La-Z-Boy Business 
Furniture Group; Hammary Furniture Company, Kincaid Furniture Company; 
England/Corsair, Inc.; La-Z-Boy Canada and Centurion Furniture PLC (U.K).