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A focus on digitization, e-commerce, product innovation and new marketing techniques is encouraging for the Zacks Retail-Home Furnishing industry players like WSM and ETD despite a challenging macro backdrop.
DANBURY, CT, April 03, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today announced that it will release its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024, after the market closes on Wednesday, April 24, 2024.
The second quarter of fiscal 2024 results of Ethan Allen (ETD) reflect lower volumes, written orders and backlog, mainly due to soft discretionary home-related spending and a slow economy.
Ethan Allen (ETD) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.10 per share a year ago.
Ethan Allen's (ETD) fiscal second-quarter results are likely to suffer from industry-related headwinds that are offsetting increased production benefits.
DANBURY, CT, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today announced that it will release its financial and operating results for the fiscal 2024 second quarter ended December 31, 2023, after the market closes on Wednesday, January 24, 2024.
With interest rates slated to come down by the end of 2024, it's time to look at high-yielding stocks. Stocks with yields above 4% should outperform bonds over the coming years, as they provide similar yield returns with the possibility of capital growth.
RH's expansion strategies are driving sales despite being impacted by soft housing demand and macroeconomic woes.
Ethan Allen has faced challenges due to flooding in its manufacturing plant and a challenging demand in the furnishing industry. The company's long-term financial history shows poor growth, but margins have risen to a new level after the pandemic. ETD has a strong balance sheet to carry the company through the headwinds on top of the relatively strong earnings performance.
Ethan Allen Interiors Inc. (NYSE:ETD ) Q1 2024 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Matt McNulty - Senior Vice President, Chief Financial Officer and Treasurer Farooq Kathwari - Chairman, President and CEO Conference Call Participants Budd Bugatch - Water Tower Research Cristina Fernandez - Telsey Advisory Group Zach Donnelly - KeyBanc Operator Good afternoon. And welcome to the Ethan Allen Fiscal 2024 First Quarter Analyst Conference Call.