Ethan Allen Reports Fiscal 2026 First Quarter Results
Ethan Allen (NYSE:ETD) reported fiscal 2026 first quarter results for the period ended September 30, 2025, with consolidated net sales of $147.0M, gross margin 61.4%, adjusted operating income of $10.6M (adjusted operating margin 7.2%) and adjusted diluted EPS $0.43.
The company generated $16.8M of operating cash flow, ended the quarter with $193.7M in cash and investments and reported no debt. Retail written orders rose 5.2% while wholesale written orders declined 7.1%. The Board declared a regular quarterly dividend of $0.39 per share, payable November 26, 2025.
Ethan Allen (NYSE:ETD) ha riportato i risultati del primo trimestre fiscale 2026 per il periodo terminato il 30 settembre 2025, con vendite nette consolidate di 147,0 milioni di dollari, margine lordo 61,4%, utile operativo rettificato di 10,6 milioni di dollari (margine operativo rettificato del 7,2%) e utile per azione diluito rettificato di 0,43 dollari.
L'azienda ha generato 16,8 milioni di dollari di flusso di cassa operativo, ha chiuso il trimestre con 193,7 milioni di dollari in contanti e investimenti e non ha registrato debiti. Le ordini scritte al dettaglio sono aumentate del 5,2% mentre gli ordini scritti all'ingrosso sono diminuiti del 7,1%. Il Consiglio ha dichiarato un dividendo trimestrale regolare di 0,39 dollari per azione, pagabile il 26 novembre 2025.
Ethan Allen (NYSE: ETD) informó los resultados del primer trimestre fiscal de 2026 para el periodo que terminó el 30 de septiembre de 2025, con ventas netas consolidadas de 147,0 millones de dólares, margen bruto del 61,4%, ingreso operativo ajustado de 10,6 millones de dólares (margen operativo ajustado del 7,2%) y EPS diluido ajustado de 0,43 dólares.
La empresa generó 16,8 millones de dólares de flujo de efectivo operativo, terminó el trimestre con 193,7 millones de dólares en efectivo e inversiones y reportó ninguna deuda. Las órdenes escritas minoristas aumentaron un 5,2% mientras las órdenes escritas al mayoreo disminuyeron un 7,1%. La Junta declaró un dividendo trimestral regular de 0,39 dólares por acción, pagadero el 26 de noviembre de 2025.
이선 앨런(Ethan Allen, NYSE: ETD)은 2025년 9월 30일 종료된 기간에 대해 2026 회계연도 1분기 실적을 발표했습니다. 연결 매출 1억 4700만 달러, 총이익률 61.4%, 조정 영업이익 1060만 달러(조정 영업이익률 7.2%), 조정 희석주당순이익 0.43달러.
영업현금흐름 1680만 달러를 창출했고, 분기말 현금 및 투자자산은 1억 9370만 달러였으며 부채가 없다고 보고했습니다. 소매 부문 주문은 5.2% 증가했고 도매 주문은 7.1% 감소했습니다. 이사회는 주당 0.39달러의 정기 분기 배당금을 선언했고 2025년 11월 26일에 지급될 예정입니다.
Ethan Allen (NYSE: ETD) a publié les résultats du premier trimestre fiscal 2026 pour la période se terminant le 30 septembre 2025, avec un chiffre d'affaires net consolidé de 147,0 millions de dollars, une marge brute de 61,4 %, un résultat opérationnel ajusté de 10,6 millions de dollars (marge opérationnelle ajustée de 7,2 %) et un BPA dilué ajusté de 0,43 dollar.
L'entreprise a généré 16,8 millions de dollars de flux de trésorerie opérationnel, a terminé le trimestre avec 193,7 millions de dollars en liquidités et investissements et n'a pas de dette. Les commandes écrites au détail ont augmenté de 5,2 % tandis que les commandes écrites en gros ont diminué de 7,1 %. Le conseil d'administration a déclaré un dividende trimestriel régulier de 0,39 dollar par action, payable le 26 novembre 2025.
Ethan Allen (NYSE: ETD) meldete die Ergebnisse des ersten Quartals des Geschäftsjahres 2026 für den Zeitraum bis zum 30. September 2025 mit konsolidierten Nettoumsatzerlösen von 147,0 Mio. USD, Bruttomarge 61,4 %, bereinigtem operativem Einkommen von 10,6 Mio. USD (bereinigte operative Marge 7,2 %) und bereinigtem dilutiertem Gewinn pro Aktie von 0,43 USD.
Das Unternehmen erzielte 16,8 Mio. USD operativen Cashflow, beendete das Quartal mit 193,7 Mio. USD an Bargeld und Investitionen und meldete keine Schulden. Einzelhandels-Orders wuchsen um 5,2 %, während Großhandels-Orders um 7,1 % sanken. Der Vorstand hat eine reguläre vierteljährliche Dividende von 0,39 USD je Aktie beschlossen, zahlbar am 26. November 2025.
إيثان ألين (NYSE: ETD) أعلن عن نتائج الربع الأول من السنة المالية 2026 للفترة المنتهية في 30 سبتمبر 2025، مع إجمالي مبيعات موحد قدره 147,0 مليون دولار، وهوامش إجمالي قدرها 61,4%، و<دخل تشغيلي معدل قدره 10,6 مليون دولار (الهامش التشغيلي المعدل 7,2%)، وربحية السهم المخفف المعدلة 0,43 دولار.
حققت الشركة 16,8 مليون دولار من التدفق النقدي التشغيلي، وانتهى الربع بـ 193,7 مليون دولار من النقد والاستثمارات وأفادت بعدم وجود ديون. ارتفعت الطلبات التفصيلية في التجزئة بـ 5,2% بينما انخفضت الطلبات في البيع بالجملة بـ 7,1%. وأعلن المجلس عن توزيع أرباح ربع سنوية عادية قدرها 0,39 دولاراً للسهم، قابلة للدفع في 26 نوفمبر 2025.
Ethan Allen（NYSE: ETD） 公布了截至 2025 年 9 月 30 日的 2026 财年第一季度业绩，合并净销售额为 1.470 亿美元，毛利率为 61.4%，调整后营业利润为 1060 万美元（调整后营业利润率 7.2%）以及 调整后摊薄每股收益 0.43 美元。
公司本季度产生了 1680 万美元 的经营现金流，季度末现金及投资为 1.937 亿美元，未有债务。零售未完成订单增长了 5.2%，而批发未完成订单下降了 7.1%。董事会宣布每股 0.39 美元的常规季度股息，将于 2025 年 11 月 26 日支付。
- Gross margin improved to 61.4%
- Operating cash flow increased to $16.8M
- No outstanding debt at September 30, 2025
- Board declared $0.39 regular quarterly dividend
- Adjusted operating margin declined to 7.2% (from 11.5%)
- Adjusted diluted EPS fell to $0.43 (from $0.58)
- Consolidated net sales decreased to $147.0M (from $154.3M)
Insights
Mixed quarter: stronger gross margin and cash flow but lower sales, compressed operating margin, and reduced adjusted EPS.
Ethan Allen reported consolidated net sales of
Operating results compressed: adjusted operating margin fell to
Watch near-term cash returns and execution against retail demand over the next quarter: the Board approved a regular dividend of
Highlighted by Positive Demand and Strong Gross Margin Reflecting Commitment to North American Manufacturing; Operating Margin Impacted by Lower Delivered Sales and Increased Marketing; Named America’s #1 Premium Furniture Retailer for 3rd Consecutive Year
DANBURY, CT, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design destination, today reported its results for the fiscal 2026 first quarter ended September 30, 2025.
Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “Despite many macroeconomic challenges, we were pleased to deliver retail segment written order growth and a strong gross margin during the just completed first quarter. Our wholesale segment written orders were down
“Retail segment written order growth of
“Our vertical integration is a competitive advantage for us. Our North American manufacturing and logistics operations are an integral part of an overall strategy to maximize production efficiencies and maintain this competitive advantage. We’re proud of our ability to manufacture about
“As I’ve said before, crisis creates opportunity. We are working through an operating environment faced with lower consumer confidence, increased tariffs and a challenging housing market. We remain confident in the investments that we are making for the future and the strength of our business model. Our vertical integration, strong talent and robust balance sheet provide a solid foundation and position us well. We are very proud to have recently been named as America's #1 Premium Furniture Retailer for the third consecutive year. We look forward to continuing our progress and remain cautiously optimistic,” concluded Mr. Kathwari.
FISCAL 2026 FIRST QUARTER HIGHLIGHTS*
- Consolidated net sales of
$147.0 million ; prior year$154.3 million - Retail net sales of
$128.6 million ; prior year$132.8 million - Wholesale net sales of
$87.0 million ; prior year$86.1 million
- Retail net sales of
- Written orders
- Retail segment written orders increased
5.2% - Wholesale segment written orders lower by
7.1%
- Retail segment written orders increased
- Consolidated gross margin of
61.4% ; prior year60.8% - Selling, general and administrative expenses increased
4.8% over last year - Increased marketing spend to
$5.1 million , up from$3.5 million last year to further the Company’s brand and reach - Operating margin of
6.8% ; adjusted operating margin of7.2% ; adjusted prior year11.5% - Diluted EPS of
$0.41 ; adjusted diluted EPS of$0.43 ; adjusted prior year$0.58 - Generated
$16.8 million in cash from operating activities; prior year$15.1 million - Paid total cash dividends of
$16.4 million in August 2025, including a$0.25 per share special cash dividend and a regular quarterly cash dividend of$0.39 per share - Capital expenditures were
$2.4 million ;$3.6 million a year ago - Ended the quarter with
$193.7 million in total cash and investments; no outstanding debt - Reduced inventory carrying levels to
$139.9 million at September 30, 2025, down2.3% from a year ago - Ended the quarter with 3,189 associates;
4.7% fewer than a year ago and31.3% less than September 2019 - For the third year in a row Ethan Allen was named America’s #1 Premium Furniture Retailer
- New design centers in Colorado Springs, CO, Concord, Ontario (suburb of Toronto) and Webster, TX (suburb of Houston) were opened during the quarter; ended the first quarter with 173 retail design centers in North America, including 143 Company-operated and 30 independently owned and operated; there are also Ethan Allen design centers outside of North America
- Recently held the Company’s annual convention at its headquarters and livestreamed across the world; under the theme of Always Moving Forward, the program honored Ethan Allen’s history, reviewed initiatives in manufacturing, logistics, technology, marketing and retail, and celebrated interior designers both for achievement in written sales and design excellence
* See reconciliation of GAAP to adjusted key financial measures in the back of this release; comparisons are to the fiscal 2025 first quarter
KEY FINANCIAL MEASURES*
| (Unaudited) | ||||||||||
| (In thousands, except per share data) | ||||||||||
| Three months ended | ||||||||||
| September 30, | ||||||||||
| 2025 | 2024 | |||||||||
| Net sales | $ | 146,984 | $ | 154,337 | ||||||
| Gross profit | $ | 90,198 | $ | 93,869 | ||||||
| Gross margin | 61.4 | % | 60.8 | % | ||||||
| GAAP operating income | $ | 9,967 | $ | 17,565 | ||||||
| Adjusted operating income* | $ | 10,571 | $ | 17,797 | ||||||
| GAAP operating margin | 6.8 | % | 11.4 | % | ||||||
| Adjusted operating margin* | 7.2 | % | 11.5 | % | ||||||
| GAAP net income | $ | 10,451 | $ | 14,719 | ||||||
| Adjusted net income* | $ | 10,902 | $ | 14,892 | ||||||
| GAAP diluted EPS | $ | 0.41 | $ | 0.57 | ||||||
| Adjusted diluted EPS* | $ | 0.43 | $ | 0.58 | ||||||
| Cash flows from operating activities | $ | 16,832 | $ | 15,080 | ||||||
* See reconciliation of GAAP to adjusted key financial measures in the back of this release
BALANCE SHEET and CASH FLOW
Cash and investments totaled
Cash from operating activities totaled
Cash dividends paid were
Inventories, net totaled
Customer deposits from undelivered written orders totaled
No debt outstanding at September 30, 2025.
DIVIDENDS
On July 29, 2025, the Company’s Board of Directors declared a
More recently, on October 28, 2025, the Board of Directors declared a
CONFERENCE CALL
Ethan Allen will host a conference call today, October 29, 2025, at 5:00 p.m. Eastern Time to discuss these results. The conference call will be webcast live from the Company’s Investor Relations website at https://ir.ethanallen.com.
The following information is provided for those who would like to participate in the live conference call:
- U.S. Participants (Toll-Free): 877-705-2976
- International Participants: 201-689-8798
- Conference ID: 13755472
For those unable to listen live, an archived recording of the call will be available on the Company’s website referenced above for up to six months. A telephone replay will also be available for one month following the call.
ABOUT ETHAN ALLEN
Ethan Allen (NYSE:ETD), named America’s #1 Premium Furniture Retailer by Newsweek for three consecutive years, is a leading interior design destination combining state-of-the-art technology with personal service. Ethan Allen design centers, which represent a mix of Company-operated and independent licensee locations, offer complimentary interior design service and sell a full range of home furnishings, including custom furniture and artisan-crafted accents for every room in the home. Vertically integrated from product design through logistics, the Company manufactures about
Investor Relations Contact:
Matt McNulty
Senior Vice President, Chief Financial Officer and Treasurer
IR@ethanallen.com
ABOUT NON-GAAP FINANCIAL MEASURES
This release is intended to supplement, rather than to supersede, the Company's consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles (“GAAP”). In this release the Company has included financial measures that are derived from the consolidated financial statements but are not presented in accordance with GAAP. The Company uses non-GAAP financial measures, including adjusted operating income and margin, adjusted net income and adjusted diluted EPS (collectively “non-GAAP financial measures”). The Company computes these non-GAAP financial measures by adjusting the comparable GAAP measure to remove the impact of certain charges and gains and the related tax effect of these adjustments. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, or superior to, the financial performance measures prepared in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and to evaluate period-to-period comparisons. The Company believes that they provide useful information about operating results, enhance the overall understanding of past financial performance and prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measure reported in accordance with GAAP is provided at the end of this release.
FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Generally, forward-looking statements represent management’s beliefs and assumptions concerning current expectations, projections or trends relating to results of operations, financial results, financial condition, strategic initiatives, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, investments, future economic indicators, business conditions and industry performance. Such forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “continue,” “may,” “will,” “short-term,” “target,” “outlook,” “forecast,” “future,” “strategy,” “opportunity,” “would,” “guidance,” “non-recurring,” “one-time,” “unusual,” “should,” “likely,” “pandemic,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. The Company derives many of its forward-looking statements from operating budgets and forecasts, which are based upon detailed assumptions. While the Company believes that its assumptions are reasonable, it cautions that it is difficult to predict the impact of known factors and it is impossible for the Company to anticipate all factors that could affect actual results and matters that are identified as “short-term,” “non-recurring,” “unusual,” “one-time,” or other words and terms of similar meaning may in fact recur in one or more future financial reporting periods.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected. Actual results could differ materially from those anticipated in the forward-looking statements due to a number of risks and uncertainties including, but not limited to, the risks and uncertainties disclosed in Part I, Item 1A. Risk Factors, in the Company’s 2025 Annual Report on Form 10-K and other factors identified in its reports filed with the Securities and Exchange Commission (the “SEC”), available on the SEC's website at www.sec.gov.
All forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by these cautionary statements, as well as other cautionary statements. A reader should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond the Company’s ability to control or predict. The Company is including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. The forward-looking statements included in this release are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.
| Ethan Allen Interiors Inc. | ||||||
| Condensed Consolidated Statements of Comprehensive Income | ||||||
| (Unaudited) | ||||||
| (In thousands, except per share data) | ||||||
| Three months ended September 30, | ||||||
| 2025 | 2024 | |||||
| Net sales | $ | 146,984 | $ | 154,337 | ||
| Cost of sales | 56,786 | 60,468 | ||||
| Gross profit | 90,198 | 93,869 | ||||
| Selling, general and administrative expenses | 79,697 | 76,072 | ||||
| Restructuring and other charges, net of gains | 534 | 232 | ||||
| Operating income | 9,967 | 17,565 | ||||
| Interest and other income, net | 4,098 | 2,198 | ||||
| Interest and other financing costs | 59 | 60 | ||||
| Income before income taxes | 14,006 | 19,703 | ||||
| Income tax expense | 3,555 | 4,984 | ||||
| Net income | $ | 10,451 | $ | 14,719 | ||
| Net income per diluted share | $ | 0.41 | $ | 0.57 | ||
| Diluted weighted average common shares | 25,619 | 25,618 | ||||
| Ethan Allen Interiors Inc. | ||||||
| Condensed Consolidated Balance Sheets | ||||||
| (Unaudited) | ||||||
| (In thousands) | ||||||
| September 30, | June 30, | |||||
| ASSETS | 2025 | 2025 | ||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 73,648 | $ | 76,178 | ||
| Investments, short-term | 49,985 | 59,955 | ||||
| Accounts receivable, net | 5,692 | 6,066 | ||||
| Inventories, net | 139,921 | 140,893 | ||||
| Prepaid expenses and other current assets | 30,094 | 26,841 | ||||
| Total current assets | 299,340 | 309,933 | ||||
| Property, plant and equipment, net | 208,458 | 210,238 | ||||
| Goodwill | 25,388 | 25,388 | ||||
| Intangible assets | 19,740 | 19,740 | ||||
| Operating lease right-of-use assets | 111,585 | 109,173 | ||||
| Deferred income taxes | 364 | 369 | ||||
| Investments, long-term | 70,045 | 60,030 | ||||
| Other assets | 2,186 | 2,228 | ||||
| Total ASSETS | $ | 737,106 | $ | 737,099 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| Current liabilities | ||||||
| Accounts payable and accrued expenses | $ | 25,303 | $ | 22,137 | ||
| Customer deposits | 77,171 | 75,068 | ||||
| Accrued compensation and benefits | 21,153 | 23,625 | ||||
| Current operating lease liabilities | 26,873 | 27,403 | ||||
| Other current liabilities | 7,044 | 4,618 | ||||
| Total current liabilities | 157,544 | 152,851 | ||||
| Operating lease liabilities, long-term | 98,494 | 96,263 | ||||
| Deferred income taxes | 2,178 | 2,054 | ||||
| Other long-term liabilities | 3,501 | 3,662 | ||||
| Total LIABILITIES | 261,717 | 254,830 | ||||
| Shareholders’ equity | ||||||
| Ethan Allen Interiors Inc. shareholders’ equity | 475,476 | 482,355 | ||||
| Noncontrolling interests | (87 | ) | (86 | ) | ||
| Total SHAREHOLDERS’ EQUITY | 475,389 | 482,269 | ||||
| Total LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 737,106 | $ | 737,099 | ||
Reconciliation of Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with GAAP, the Company uses non-GAAP financial measures, including adjusted operating income and margin, adjusted net income and adjusted diluted EPS. The reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are shown in tables below.
These non-GAAP measures are derived from the consolidated financial statements but are not presented in accordance with GAAP. The Company believes these non-GAAP measures provide a meaningful comparison of its results to others in its industry and prior year results. Investors should consider these non-GAAP financial measures in addition to, and not as a substitute for, its financial performance measures prepared in accordance with GAAP. Moreover, these non-GAAP financial measures have limitations in that they do not reflect all the items associated with the operations of the business as determined in accordance with GAAP. Other companies may calculate similarly titled non-GAAP financial measures differently than the Company does, limiting the usefulness of those measures for comparative purposes. Despite the limitations of these non-GAAP financial measures, the Company believes these adjusted financial measures and the information they provide are useful in viewing its performance using the same tools that management uses to assess progress in achieving its goals. Adjusted measures may also facilitate comparisons to historical performance.
The following tables provide a reconciliation of non-GAAP financial measures used in this release to the most directly comparable GAAP financial measures:
| (Unaudited) | |||||||||||||
| (In thousands, except per share data) | Three months ended | ||||||||||||
| September 30, | |||||||||||||
| 2025 | 2024 | % Change | |||||||||||
| Consolidated Adjusted Operating Income / Operating Margin | |||||||||||||
| GAAP Operating income | $ | 9,967 | $ | 17,565 | (43.3 | %) | |||||||
| Adjustments (pre-tax)* | 604 | 232 | |||||||||||
| Adjusted operating income* | $ | 10,571 | $ | 17,797 | (40.6 | %) | |||||||
| Consolidated Net sales | $ | 146,984 | $ | 154,337 | (4.8 | %) | |||||||
| GAAP Operating margin | 6.8 | % | 11.4 | % | |||||||||
| Adjusted operating margin* | 7.2 | % | 11.5 | % | |||||||||
| Consolidated Adjusted Net Income / Adjusted Diluted EPS | |||||||||||||
| GAAP Net income | $ | 10,451 | $ | 14,719 | (29.0 | %) | |||||||
| Adjustments, net of tax* | 451 | 173 | |||||||||||
| Adjusted net income | $ | 10,902 | $ | 14,892 | (26.8 | %) | |||||||
| Diluted weighted average common shares | 25,619 | 25,618 | |||||||||||
| GAAP Diluted EPS | $ | 0.41 | $ | 0.57 | (28.1 | %) | |||||||
| Adjusted diluted EPS* | $ | 0.43 | $ | 0.58 | (25.9 | %) | |||||||
* Adjustments to reported GAAP financial measures including operating income and margin, net income and diluted EPS have been adjusted by the following: | ||||||||
| (Unaudited) | Three months ended | |||||||
| (In thousands) | September 30, | |||||||
| 2025 | 2024 | |||||||
| Lease exit costs | $ | 550 | $ | - | ||||
| Severance and other charges | (16 | ) | 232 | |||||
| Other non-restructuring charges | 70 | - | ||||||
| Adjustments to operating income | $ | 604 | $ | 232 | ||||
| Related income tax effects on non-recurring items(1) | (153 | ) | (59 | ) | ||||
| Adjustments to net income | $ | 451 | $ | 173 | ||||
(1) Calculated using the marginal tax rate for each period presented.
FAQ
What were Ethan Allen's consolidated net sales for Q1 fiscal 2026 (ETD)?
How did Ethan Allen's adjusted diluted EPS (ETD) perform in Q1 fiscal 2026?
What drove Ethan Allen's improved gross margin in Q1 2026 (ETD)?
Did Ethan Allen generate positive operating cash flow in Q1 fiscal 2026 (ETD)?
What dividend did Ethan Allen declare in October 2025 (ETD) and when is it payable?
How did Ethan Allen's retail and wholesale written orders change in Q1 fiscal 2026 (ETD)?
