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  January 27, 1996       COMMISSION FILE NUMBER    1-9656  

                            LA-Z-BOY CHAIR COMPANY
            (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 Jan. 27, 1996
  Common Shares, $1.00 par value                       18,537,880


                        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 February 14, 1996 and are incorporated herein by reference.


         LA-Z-BOY CHAIR COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS
               INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
                   (Unaudited, dollar amounts in thousands)
          
                                       Three Months Ended   Nine Months Ended 
                                       ------------------   -----------------
                                        Jan. 27, Jan. 28,   Jan. 27, Jan. 28, 
                                          1996     1995       1996     1995
                                        -------  --------   -------  --------  
Cash Flows from Operating Activities                                          
 Net income                              $7,784   $7,221    $25,215  $23,569
                                                                               
Adjustments to reconcile net income                                      
 to net cash provided by operating                                   
 activities 
  Depreciation and amortization           4,886    3,829     14,305   11,151
  Change in receivables                  36,039   26,498     22,362   16,609   
  Change in inventories                  (4,871)     173     (8,101)  (8,398)
  Change in other assets and liab.       (6,871)    (183)      (796)   2,858 
  Change in deferred taxes                 (770)  (2,310)    (1,659)  (3,185)
                                        -------- --------   -------- --------
   Total adjustments                     28,413   28,007     26,111   19,035
                                        -------- --------   -------- --------
   Cash Provided by Operating    
      Activities                         36,197   35,228     51,326   42,604
                                                                             
Cash Flows from Investing Activities                                        
 Proceeds from disposals of assets          193      104        971    1,338  
 Capital expenditures                    (3,351)  (4,691)   (12,590) (15,179)  
 Change in other investments             (2,918)   1,607     (1,830)   1,073  
                                       --------- --------   -------- -------- 
  Cash Used for Investing Activities     (6,076)  (2,980)   (13,449) (12,768) 

Cash Flows from Financing Activities   	                                
 Short-term debt                            280       -         280      261
 Long-term debt                              -        -          -     7,500  
 Capital lease obligations                   -        -       1,161       - 
 Change in unexpended IRB funds              -       680         -       (59) 
 Retirements of debt                        (65)      -     (10,616)  (5,011)
 Capital lease principal payments          (578)      -      (1,655)      - 
 Sale of stock under stock option plans     428      194      2,503    1,551   
 Stock for 401(k) employee plans            344      349        987    1,179
 Purchase of La-Z-Boy stock                 (52)    (994)    (4,485) (10,345)
 Payment of cash dividends               (3,523)  (3,056)   (10,183)  (9,232)
                                       --------- --------   -------- --------
  Cash Used for Financing Activities     (3,166)  (2,827)   (22,008) (14,156) 
                                                                            
Effect of exch. rate changes on cash        (69)    (168)       (87)     (54)
                                       --------- --------   -------- --------
Net change in cash and equivalents       26,886   29,253     15,782   15,626
                                                                            
Cash and equiv. at beginning of period   15,944   12,299     27,048   25,926  
                                       --------- --------   -------- -------- 
Cash and equiv. at end of period        $42,830  $41,552    $42,830  $41,552
                                       ========= ========   ======== ======== 

Cash paid during period - Income taxes  $11,668  $10,923    $20,479  $22,776 
                        - Interest        ($326)    $944     $3,434   $2,362

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 CHAIR COMPANY 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 1995 Annual Report filed with the 
     Securities and Exchange Commission. The financial information included 
     herein, other than the consolidated condensed balance sheet as of April 
     29, 1995, has been prepared by management without audit by independent 
     certified public accountants who do not express an opinion thereon.  The 
     consolidated condensed balance sheet as of January 27, 1996 has been 
     derived from, but does not include all the disclosures contained in, the 
     audited consolidated financial statements for the year ended April 29, 
     1995.  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 27, 1996.

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



                LA-Z-BOY CHAIR COMPANY 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.

The Company's strong financial position is reflected in the debt to capital 
percentage of 18% and a current ratio of 3.6 to 1 at the end of the third
quarter.  At April 29, 1995, the debt to capital percentage was 20% and the 
current ratio was 3.7 to 1.  At the end of the preceding year's third quarter,
the debt to capital percentage was 16% and the current ratio was 4.0 to 1. 
As of January 27, 1996, there was $62 million of unused lines of credit 
available under several credit arrangements.

Approximately 43% of the 3 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 6.  Exhibits and Reports on Form 8-K.
- ------------------------------------------
(a)(27)  Financial Data Schedule (EDGAR only)

   (99)  News Release and Financial Information Release: re Actual third
         quarter results and Management Discussion dated February 14, 1996.




                                  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 January 27, 1996 to be signed on its behalf by the undersigned thereunto 
duly authorized.

 
                                                 LA-Z-BOY CHAIR COMPANY
                                                      (Registrant)        
                                                                        
                                                                        
                                                                        
                                                                           
Date:  February 14, 1996                          James J. Korsnack  
                                                  Corporate Controller       

 
            
5 1,000 9-MOS APR-27-1996 JAN-27-1996 42,830 0 170,576 0 89,192 326,599 116,098 144,202 505,969 91,905 0 18,538 0 0 315,124 505,969 680,431 680,431 510,624 510,624 125,625 0 4,118 42,681 17,466 25,215 0 0 0 25,215 1.36 1.36 Receivables are reported net of allowances for doubtful accounts on the Statement of Financial Position.
                                  News Release

			   SALES AND EARNING IMPROVE FOR LA-Z-BOY

MONROE, MI.,  February 14,1996:  For its 1996 fiscal third quarter and nine
months ended January 27, 1996, La-Z-Boy Chair Company continued to improve its
sales and profits compared to last year.  Third quarter sales rose 7% and 
earnings increased 8%.  For the nine months, sales were up 10% and earnings 
were up 7%.

Financial Details
1996 THIRD QUARTER sales were $226 million vs. last year's $211 million, an 
increase of 7%.  Comparable sales--that is, including England/Corsair's sales
on a pro forma basis in last year's sales, declined 4%.  England/Corsair was
acquired at the beginning of fiscal 1996 and is a separate operating division.
Third quarter net income rose 8% to $7.8 million vs. last year's $7.2 million. 
Net income per share increased to $0.42 vs. $0.40 last year.

1996 NINE MONTHS sales were $680 million vs. last year's $616 million, an
increase of 10%.  Comparable sales (including England/Corsair) were about 2%
less than last year's level.  Net income was up 7% to $25.2 million vs. last
year's $23.6 million.  Net income per share increased 5% to $1.36 from $1.30 in
last year.

Chairman Comments
La-Z-Boy Chairman and President Charles T. Knabusch said, "Third quarter 
and nine month profits improved even though comparable sales decreased. 
Operating profit gains by our U.S. Residential Division, which accounts
for about two-thirds of our total business, and higher sales of office
seating and furniture by our Contract Division contributed to this
improvement.

With respect to marketing and other non-financial items, Mr. Knabusch said, 
"The third flight of national advertising for La-Z-Boy ran in connection 
with the kickoff of the new television season in September and October.  
Response to the commercials continues to be strong with well over 270,000 
consumer phone calls being generated during calendar year 1995.  Those 270,000 
consumers not only received a La-Z-Boy decorating guide, but also received the 
name of our nearest authorized La-Z-Boy dealer. 

"The retail marketplace softened in December and January; however, incoming
sales orders have been rising in recent weeks.  The retail environment will
continue to be challenging through our fourth fiscal quarter, but with modest
improvement in consumer outlooks, we should be able to match or slightly exceed
last year's fourth quarter sales on a comparable basis."

More
In general, sales backlogs, as of this press release date, were at a lower 
level than at a similar time a year ago.  However, the rate of incoming sales 
orders in recent weeks has been about the same as the similar period of last 
year.

La-Z-Boy's Form 10-Q filed with the SEC (and available on EDGAR) includes a full
income statement, balance sheet, cash flow statement and additional management
discussion.

NYSE & PSE:  LZB                         Contact:  Jim Korsnack (313) 241-4208


2/14/96       La-Z-Boy Chair Company Financial Information Release      1 of 3
                        CONSOLIDATED STATEMENT OF INCOME              
                  (Amounts in thousands, except per share data)                 
                                                                              
                                      THIRD QUARTER ENDED  (UNAUDITED)     
                               ----------------------------------------------
                                                             Percent of Sales
                               Jan. 27,  Jan. 28,  % Over    ---------------- 
                                 1996      1995    (Under)    1996     1995
                               --------  --------  -------   -------  -------  
Sales                          $226,354  $210,814      7%     100.0%   100.0%
Cost of sales                   170,602   157,767      8%      75.4%    74.8%
                               --------  --------  -------   -------  -------
  Gross profit                   55,752    53,047      5%      24.6%    25.2%
                                                                          
S, G & A                         41,783    39,616      5%      18.4%    18.8%
                               --------  --------  -------   -------  -------  
  Operating profit               13,969    13,431      4%       6.2%     6.4%
                                                                           
Interest expense                  1,217     1,041     17%       0.5%     0.5%
Interest income                     390       374      4%       0.2%     0.2%
Other income                        436       (76)   674%       0.1%    -0.1%
                               --------  --------  -------   -------  -------  
  Pretax income                  13,578    12,688      7%       6.0%     6.0%
                                
Income taxes                      5,794     5,467      6%      42.7%*   43.1%*
                               --------  --------  -------   -------  -------
  Net income                     $7,784    $7,221      8%       3.4%     3.4% 
                               ========  ========  =======   =======  ======= 
 

 Average shares                  18,533    17,968      3%

 Earnings per share               $0.42     $0.40      5%                

 Dividends per share              $0.19     $0.17     12%                    



                                       NINE MONTHS ENDED  (UNAUDITED)     
                               ----------------------------------------------
                                                             Percent of Sales
                               Jan. 27,  Jan. 28,  % Over    ---------------- 
                                 1996      1995    (Under)    1996     1995
                               --------  --------  -------   -------  -------  
Sales                          $680,431  $615,787     10%     100.0%   100.0%
Cost of sales                   510,624   458,237     11%      75.0%    74.4%
                               --------  --------  -------   -------  -------
  Gross profit                  169,807   157,550      8%      25.0%    25.6%
                                                                          
S, G & A                        125,625   116,187      8%      18.5%    18.9%
                               --------  --------  -------   -------  -------  
  Operating profit               44,182    41,363      7%       6.5%     6.7%
                                                                           
Interest expense                  4,118     2,455     68%       0.6%     0.4%
Interest income                   1,330     1,002     33%       0.2%     0.2%
Other income                      1,287       703     83%       0.2%     0.1%
                               --------  --------  -------   -------  -------  
  Pretax income                  42,681    40,613      5%       6.3%     6.6%
                                
Income taxes                     17,466    17,044      2%      40.9%*   42.0%*
                               --------  --------  -------   -------  -------
  Net income                    $25,215   $23,569      7%       3.7%     3.8% 
                               ========  ========  =======   =======  ======= 


                                                         
 Average shares                  18,509    18,083      2%

 Earnings per share               $1.36     $1.30      5%                

 Dividends per share              $0.55     $0.51      8%                    
                                                                             
  * As a percent of pretax income, not sales.

Acquisition amortization of $259 for the third quarter and $779 for the nine
months ended January 28, 1995 has been reclassified from other income to 
selling, general and administrative.

England/Corsair was included in the third quarter and nine months ended 
January 27, 1996 results, but not in the third quarter and nine months 
ended January 28, 1995 results.


2/14/96      La-Z-Boy Chair Company Financial Information Release     2 of 3
                          CONSOLIDATED BALANCE SHEET                  
                            (Dollars in thousands)                          
                                                                             
                                   Unaudited           Increase             
                               ------------------     (Decrease)       Audited
                               Jan. 27,  Jan. 28,  ----------------   April 29,
                                 1996      1995    Dollars  Percent     1995
                               --------  --------  -------  -------   ---------
Current assets                                                              
  Cash & equivalents            $42,830   $41,552   $1,278       3%    $27,048
  Receivables                   170,576   166,506    4,070       2%    192,938 
  Inventories                                                               
    Raw materials                42,623    36,362    6,261      17%     39,604
    Work-in-process              37,071    33,574    3,497      10%     35,036
    Finished goods               32,423    26,732    5,691      21%     29,051
                               --------  --------  -------  -------   --------
      FIFO inventories          112,117    96,668   15,449      16%    103,691
      Excess of FIFO over LIFO  (22,925)  (21,034)  (1,891)     -9%    (22,600)
                               --------  --------  -------  -------   --------
        Total inventories        89,192    75,634   13,558      18%     81,091
  
  Deferred income taxes          19,841    17,820    2,021      11%     18,242
  Other current assets            4,160     5,084     (924)    -18%      6,081
                               --------  --------  -------  -------   -------- 
    Total current assets        326,599   306,596   20,003       7%    325,400
                                                                            
Property, plant & equipment     116,098    97,552   18,546      19%    117,175
                                                                            
Goodwill                         40,688    20,085   20,603     103%     41,701
                                                                           
Other long-term assets           22,584    17,191    5,393      31%     19,542
                               --------  --------  -------  -------   --------
      Total assets             $505,969  $441,424  $64,545      15%   $503,818
                               ========  ========  =======  =======   ========

                                                                         

                                  Unaudited            Increase
                               -----------------      (Decrease)       Audited 
                               Jan. 27,  Jan. 28,  -----------------  April 29, 
                                 1996      1995    Dollars   Percent    1995
                               -------   -------   -------   -------   -------- 
Current liabilities                                                        
  Credit lines                     $280       -       $280      N/M        -
  Current portion of l/t debt     5,658    $1,875    3,783      202%    $4,676
  Current portion - captl leases  2,198       -      2,198      N/M      2,078
  Accounts payable               33,187    29,761    3,426      12%     29,323
  Payroll/other comp             26,945    26,750      195       1%     31,845
  Estimated income taxes          3,361       803    2,558     319%      4,855
  Other current liabilities      20,276    16,975    3,301      19%     15,343
                               --------  --------  -------  -------   ---------
    Total current liabilities    91,905    76,164   15,741      21%     88,120
                                                                            
Long-term debt                   59,551    56,245    3,306       6%     71,149
                              
Capital leases                    4,684       -      4,684      N/M      5,298

Deferred income taxes             6,550     6,424      126       2%      6,610

Other long-term liabilities       9,617     8,170    1,447      18%      9,001
                                                                            
Shareholders' equity                                                        
  18,537,880 shares, $1.00 par   18,538    17,969      569       3%     18,562
  Capital in excess of par       27,867    10,464   17,403     166%     28,085
  Retained earnings             288,136   267,014   21,122       8%    277,738
  Currency translation             (879)   (1,026)     147      14%       (745)
                               --------  --------  -------  -------   ---------
    Total shareholders' equity  333,662   294,421   39,241      13%    323,640
                               --------  --------  -------  -------   ---------
      Total liabilities and                                                
      shareholders' equity     $505,969  $441,424  $64,545      15%   $503,818
                               ========  ========  =======  =======   =========

The January 27, 1996 and the April 29, 1995 balance sheets include E/C's assets
and liabilities. The January 28, 1995 balance sheet does not include E/C and is
not comparable to the other periods. 



2/14/96   La-Z-Boy Chair Company Financial Information Release    Page 3 of 3

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

Sales:
As indicated in the press release, comparable sales declined 4% in the third
fiscal quarter following a six month period during which comparable sales 
approximated those in the prior year.  Much of the recent decline occurred in 
January, and was most pronounced in the Hammary and Canadian Divisions.
Overall, the incoming order rate is rising again.  During the quarter, Contract
Division sales continued to exceed the prior year's level.


Gross profit:  
Third quarter gross profit was 24.6% of sales vs. 25.2% of sales last year.  
The decline was primarily due to the inclusion of the historically lower
than average gross profit of England/Corsair (E/C) and is expected to 
continue through the fourth quarter.  

S, G & A:  
Third quarter S, G & A was 18.4% of sales vs. 18.8% of sales last year.  The 
decline was primarily due to the inclusion of the historically lower than
average S, G & A of E/C and is expected to continue through the fourth quarter.

Other Income:
Other income last year was unfavorably affected by Canadian exchange impacts.

Inventories:
At the end of the third quarter, total FIFO inventories were 16% higher largely
because E/C's inventories were not included in 1995 third quarter results.  In
addition, leather and fabric inventories were higher than at this time last
year, but are likely to normalize by the end of the fourth quarter.  Soft sales
in January contributed to this increase and helped cause finished goods
inventories to exceed last year's level, primarily in divisions that build wood
furniture to stock.