🚨 BREAKING 🚨🇺🇸 PRESIDENT TRUMP WARNS ABOUT “MASSIVE TARIFF HIKE” ON CHINESE IMPORTS TO THE U.S.THIS IS WHY MARKET IS DUMPING !! https://t.co/MWWTZUX0YW ...

Financial Data and Key Metrics Changes - Total consolidated revenue increased by $4.5 million or 5.9% compared to the prior year, with a 7.3% increase when excluding sales from Noa Home [15] - Gross margin improved by 320 basis points to 56.2%, driven by better wholesale margins, slightly offset by lower retail margins [15] - Operating income was $600,000 or 0.7% of sales, a significant improvement from a loss of $6.4 million in the same quarter last year [16] - Diluted earnings per share were $0.09, compared to a loss of $0.52 in the previous year [16] Business Line Data and Key Metrics Changes - Wholesale net sales increased by $3 million or 6.2%, with a 9.2% increase in shipments to the retail store network [16] - Retail net sales increased by $4.6 million or 9.8%, although gross margin declined by 40 basis points due to lower margins on in-line and clearance goods [18] - Orders from corporate and licensed stores grew by 5.9%, driven by a 9.8% increase in company-owned retail stores [9] Market Data and Key Metrics Changes - Outdoor sales were up 18%, indicating strong performance in that segment [10] - Written retail sales increased by 2.4% in the quarter, reflecting a cautious consumer sentiment [10] Company Strategy and Development Direction - The company is focusing on innovation in product lines, aggressive marketing initiatives, and leveraging technology to adapt to the current market challenges [4] - There is an emphasis on creating custom design solutions and expanding e-commerce capabilities [6] - The company plans to open two new stores in 2026 and has recently reopened a corporate store in Concord, North Carolina [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges in the housing market and consumer caution regarding significant investments in home furnishings [5] - The company remains optimistic about the potential for market share gains due to its domestic manufacturing capabilities, despite the competitive landscape [45] - Management expressed caution regarding future gross margin improvements, suggesting that margins may stabilize in the 55-56% range [28] Other Important Information - The company continues to pay a quarterly cash dividend of $0.20 per share, maintaining a strong balance sheet with no outstanding debt [13] - Operating cash flow was negative for the quarter, leading to a reduction in cash and short-term investments by $5.2 million [18] Q&A Session Summary Question: Did August see the same case with written sales as delivered sales? - Management confirmed that August was the best month for both wholesale and retail orders, with positive momentum continuing into September [24] Question: What trends were observed during the Labor Day holiday season? - Management noted that the trend has been slightly better than previous months, although the overall environment remains challenging [24] Question: What is the extent of the pricing increase due to tariffs? - Management indicated that surcharges have been levied on products from Vietnam and India, with Vietnam at 20% and India at 50% [26] Question: How should future gross margins be viewed? - Management suggested that gross margins are expected to stabilize around the current levels, with slight improvements possible but not dramatic [28] Question: What is the outlook for new product introductions? - Management expressed optimism about the new product pipeline, particularly whole-home collections, and plans to focus on a more strategic introduction approach [29]

Trade Deal Concerns - The EU is concerned that new US trade demands are undermining the trade deals previously agreed upon [1] - The original deal, sealed in July, included a 15% tariff ceiling on most goods [2] - There is fear that the US wants to alter the terms of the trade deal, particularly regarding digital regulation [3] Key Issues of Contention - US governments, especially during Donald Trump's administration, have viewed EU regulation on big tech as excessively burdensome [3] - EU environmental laws, specifically those related to climate, are also emerging as a point of concern [4] - EU ambassadors in Brussels are expected to be briefed on discussions with the US side regarding these issues [3]

EU steel tariff hike threatens 'biggest ever crisis' for UK industry https://t.co/1PPFMg56zK ...

US importers worry a tariff refund process could get messy if Trump loses his Supreme Court bid to keep his signature trade-policy tool intact https://t.co/wov2ETlWEx ...

RT Investing.com (@Investingcom)*TRUMP: ALL MEDIUM AND HEAVY DUTY TRUCKS WILL BE TARIFFED AT 25%*TRUMP: TRUCK TARIFFS TO BEGIN NOV. 1, 2025 https://t.co/M02A6gUYjH ...

President Donald Trump said on Monday that his administration will impose a 25% tariff on medium- and heavy-duty trucks next month.  "Beginning November 1st, 2025, all medium and heavy duty trucks coming into the United States from other countries will be tariffed at the rate of 25%," Trump wrote in a Truth Social post.The U.S. trucking industry is a cornerstone of the national economy, moving roughly 73% of all domestic freight, according to the American Trucking Associations. Around 2 million Americans wo ...

All medium and heavy duty trucks imported into the United States will face a 25% tariff rate staring November 1, President Donald Trump said in a post on his social media platform on Monday. ...

🇺🇸 LATEST: President Trump is considering giving Americans a $2,000 tariff check.Which crypto would you invest in with that money? https://t.co/VZJCZ9LbdK ...

Swiss voters reckon their government is being too amenable to the US after Trump imposed an outsized tariff on their country’s imports https://t.co/KuELdCNSSk ...