The Fed's decision to hold interest rates steady and consumers' cautious approach for future business conditions are concerns for the Zacks Retail-Home Furnishings industry players. Continued investments in e-commerce, high operating expenses and higher raw material costs in the home furnishing market are added headwinds. Nonetheless, consumers' increasing desire for shopping, efficient cost management, a persistent focus on product innovation, efforts to redesign the supply-chain network and rationalize pr ...

U.S. Participants: 877-705-2976 International Participants: 201-689-8798 Meeting Number: 13746761 ABOUT ETHAN ALLEN Investor Relations Contact: Matt McNulty Senior Vice President, Chief Financial Officer and Treasurer IR@ethanallen.com Danbury, CT, July 10, 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 fourth quarter and full fiscal year ended June 30, 2024, after th ...

Following the earnings release, the Company will host a conference call with investors and analysts at 5:00 PM (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. U.S. Participants: 877-705-2976 International Participants: 201-689-8798 Meeting Number: 13746761 ABOUT ETHAN ALLEN Danbury, CT, July 10, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETD) today ann ...

DANBURY, Conn., June 19, 2024 (GLOBE NEWSWIRE) -- On June 21, Ethan Allen will hold its annual Ethan Allen Day celebration at the company's headquarters, in addition to local events at its Design Centers and manufacturing plants throughout North America. "We strengthened our commitment to manufacturing in North America," Mr. Kathwari noted. "Even though our vision of American style continues to evolve, remaining close to home empowers us to offer an incredible array of styles and customization options to ou ...

Ethan Allen Interiors, Inc. (NYSE:ETD) is an easily analyzable business, but this has not stopped the market from underestimating its economic profitability over the last five years. Its market valuation assumes a decline in economic profitability, even as economic profitability has sharply accelerated. Not only is the market overly pessimistic about the firm, Ethan Allen is a very safe source of dividend income, with the firm generating far more in free cash flows than it pays out in dividends. Growth With ...

In each Design Center, clients can view furniture and décor in different styles, a glimpse into the incredible range of interiors that Ethan Allen can create. Once clients select custom furniture options, most pieces are handcrafted in the company's North American workshops. ABOUT ETHAN ALLEN Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/de2a4a99-24c2-45ef-b8bf-50c7fa325259 https://www.globenewswire.com/NewsRoom/AttachmentNg/c3673489-7538-444f-836 ...

DANBURY, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Ethan Allen has announced plans to move its Albuquerque, New Mexico, and Watchung, New Jersey, Design Centers to new locations in the Fall of 2024. In Albuquerque, a temporary location is now open, so clients can continue to make purchases and plan interior design projects while the new Design Center is completed. The company also recently relocated its Louisville, Kentucky, Design Center, now open in The Paddock Shops. In each Design Center, clients can vie ...

Ethan Allen Interiors Inc. (ETD) has seen sales plunge as the market conditions in the furniture industry are challenging. This Zacks Rank #5 (Strong Sell) has missed on earnings three quarters in a row.Ethan Allen is a furniture retailer that operates design centers throughout the United States which offer complimentary interior design service.It manufactures 75% of its custom products in North America.Another Earnings Miss in the Fiscal Third QuarterOn Apr 24, 2024, Ethan Allen reported its fiscal third q ...

We continued to improve customer lead times and reduced the number of weeks of backlog during the quarter. Consolidated gross margin was 61.3%, the 12th consecutive quarter that our gross margin has exceeded 58%. The 140 basis point increase in consolidated gross margin was driven by a change in sales mix, lower manufacturing input costs and reduced headcount partially offset by deleveraging from lower unit volumes and higher sales of designer floor samples. Adjusted operating margin of 10% reflects fixed c ...

Although improved housing market conditions and increasing consumer confidence are encouraging, the Fed’s decision to hold interest rates steady and consumers’ cautious approach for future business conditions are concerns for the Zacks Retail-Home Furnishings industry players. Continued investments in e-commerce and higher raw material costs in the home furnishing market are added headwinds. However, consumers’ increasing desire for shopping, efficient cost management, a persistent focus on product innovati ...