Hooker Furnishings’ latest earnings report has more positives than negatives
A decline in inventories and a lowering of loss at Home Meridian show the company is moving in the right direction MARTINSVILLE, Va. — In …
Category: Sales and earnings
Hooker Furnishings reports declines in fiscal 2024 Q1 sales, earnings
Company remains profitable in most segments, narrows operating loss in Home Meridian division MARTINSVILLE, Va. — A slow retail environment combined with its recent exit …
Conn’s, Big Lots results show related, yet unique challenges in furniture segment
Both retailers had declines in revenues and net income during their first fiscal quarter. The economy and other factors will determine how they each change …
Lowe’s Home Improvement sees opportunity in indoor, outdoor furnishings
Company website offers many SKUs across bedroom, dining room, living room and office furniture MOORESVILLE, N.C. — As readers will soon notice on our latest …
Home Depot Q1 results sound vaguely similar to woes in the furniture industry
President, CEO Ted Decker said 3-year period of unprecedented growth was expected to be followed by a ‘year of moderation’ in 2023 ATLANTA — As …
Tempur Sealy Q1 earnings spell out financial position as it enters acquisition mode
Company reports net sales of $1.21 billion, net income of $85.3 million for first quarter ended March 31 LEXINGTON, Ky. — In what probably amounted …
Wayfair’s latest results show it could be facing long road to profitability
Company still reports a net loss of $355 million despite extensive cost-cutting measures BOSTON, Mass. — Wayfair Inc.’s latest results show that a turnaround to …
Havertys reports 5.9% decrease in consolidated Q1 sales
Written sales were down 11.7% and written comp-store sales were down 12.7% for the quarter ATLANTA, Ga. — Havertys reported consolidated sales for its first …
Dorel Industries says network security incident will impact Q1 revenues, earnings
MONTREAL — Home furnishings and juvenile products specialist Dorel Industries said recently that it expects a recent network security incident to have a negative impact …
Flexsteel reports 29.5% decline in revenues in fiscal Q3
Decrease was driven by $36.7 million drop in sales of furniture sold through retail stores and $4.7 million decrease through e-commerce channels DUBUQUE, Iowa — …
