Welcome to our dedicated page for Ethan Allen Interiors news (Ticker: ETD), a resource for investors and traders seeking the latest updates and insights on Ethan Allen Interiors stock.
Ethan Allen Interiors, Inc. (NYSE: ETD) operates as one of the few vertically integrated home furnishings companies in the United States, combining domestic furniture manufacturing with a nationwide network of retail design centers. This dual business model generates news across both manufacturing operations and retail performance, providing investors with insights into consumer spending patterns in the premium furniture segment.
News coverage for Ethan Allen typically includes quarterly and annual earnings releases that detail both wholesale manufacturing and retail segment performance. Because the company manufactures most products domestically, its results offer a window into North American furniture production trends distinct from import-dependent competitors. Design center openings, closings, and same-store performance updates reveal the health of the company's retail expansion strategy.
The company's premium positioning in the home furnishings market makes its results sensitive to housing market conditions and consumer confidence in big-ticket purchases. News about Ethan Allen often reflects broader trends in home improvement spending, interior design preferences, and the competitive dynamics between traditional furniture retailers and e-commerce alternatives.
Bookmark this page to follow Ethan Allen's fiscal performance, retail network developments, and strategic initiatives in the home furnishings sector. The company's unique vertically integrated model provides perspective on furniture industry dynamics that purely retail or purely manufacturing competitors cannot offer.
Ethan Allen Interiors reported its fiscal 2023 third quarter results, ending March 31, 2023. The company achieved consolidated net sales of $186.3 million, a decrease of 5.7% year-over-year, with retail and wholesale sales declining 9.5% and 5.7%, respectively. Gross margin stood at 59.9%, down from 60.4% due to a shift in sales mix. Operating margin was 15.5%, and adjusted diluted EPS fell by 7.5% to $0.86. Despite these declines, the company reported cash flow from operations of $33.4 million, a 93.2% increase. A dividend increase of 13% to $0.36 per share was announced. With no debt, cash and investments totaled $156.2 million.
Ethan Allen Interiors Inc. (NYSE: ETD) will announce its financial results for the third quarter of fiscal 2023, ending March 31, 2023, post-market on April 26, 2023. A subsequent conference call for investors is scheduled for 5:00 PM ET to discuss these results, accessible via the Company's Investor Relations website. The call can be joined by U.S. participants at 877-705-2976 or by international participants at 201-689-8798, using meeting number 13736909. Additionally, an archived recording will be available on the website for six months. Ethan Allen is recognized as a leading luxury home fashion brand, integrating product design with manufacturing and personalized service across its retail network.
Ethan Allen Interiors reported a 2.4% decline in consolidated net sales for the fiscal 2023 second quarter, totaling $203.2 million. Despite this, the company achieved a gross margin of 61.0%, up from 58.8% last year, and an operating margin of 18.2%. Adjusted diluted EPS rose by 15.8% to $1.10. The firm continues to maintain strong cash flow, ending the quarter with $140.4 million in cash and no debt. A quarterly cash dividend of $0.32 was declared, representing a 28.0% increase over the prior year. However, retail and wholesale written orders decreased compared to pre-pandemic levels.
FAQ
What is the current stock price of Ethan Allen Interiors (ETD)?
What is the market cap of Ethan Allen Interiors (ETD)?
