Financial Data and Key Metrics Changes - The company reported net sales of $660 million for the first quarter of 2025, representing a 3% increase compared to the same period last year [6] - Adjusted EBITDA was $67 million, with an adjusted EBITDA margin of 10.2%, which is 220 basis points lower than the same period last year [8][30] - Free cash flow was negative $41 million, a decline from positive $12 million in the same period last year [9][33] - Net income decreased to $13.3 million from $37.5 million year-over-year, primarily due to higher selling, general, and administrative expenses [28] Business Line Data and Key Metrics Changes - The Supreme acquisition contributed to a 10% growth, while legacy business saw a 2% increase in net average selling prices (ASP) [7] - Market volume declines of 9% were noted in the base business, particularly affecting customers in the repair and remodel market [7] - Builder Direct sales increased by over 4% compared to the prior year, despite declines in the new construction market [8] Market Data and Key Metrics Changes - Year-over-year market volume declines were observed across all channels and end markets in the first quarter [10] - The new construction market is expected to decline by mid-single digits for the full year 2025, influenced by lower foot traffic and builder commentary [12] - The repair and remodel market is anticipated to decline by high to mid-single digits for 2025, with fluctuations in order patterns noted [14][16] Company Strategy and Development Direction - The company is focusing on cost preservation and maintaining a strong balance sheet while investing in targeted growth areas [17] - Facility consolidations are underway to reduce costs and improve service, with expected financial benefits materializing in the third quarter [19] - Strategic initiatives include "Align to Grow," "Lead through Lean," and "Tech Enabled," aimed at positioning the company for future growth [20][25] Management's Comments on Operating Environment and Future Outlook - Management noted that the current demand environment is choppy, with expectations of continued weakness in the second half of 2025 [10][12] - Tariffs are impacting consumer confidence and large ticket purchases, contributing to a more cautious outlook for the year [16][39] - The company anticipates adjusted EBITDA for 2025 to be in the range of $315 million to $365 million, with a focus on balancing near-term performance and long-term growth [41][42] Other Important Information - The company ended the quarter with $113.5 million in cash and $358.6 million in liquidity available [30] - A new share repurchase program was authorized, allowing for the repurchase of up to $50 million of common stock [33] Q&A Session Summary Question: How is the company thinking about pricing in relation to tariffs? - Management indicated that additional pricing actions are necessary to counteract tariff impacts, using a surcharge methodology [46][48] Question: What is the expected demand cadence for Q2? - Management expects to see normal seasonality in Q2, but acknowledges challenges due to tariff costs and inefficiencies in certain factories [53][66] Question: How will margin progression look in Q2? - Margins are expected to improve from Q1, but not to the company's standards due to fixed cost pressures and tariff impacts [64][66] Question: What factors will influence the EBITDA guidance range? - The range is primarily dictated by market demand and the company's ability to gain market share amidst tariff uncertainties [69][70] Question: How does the company view its position relative to tariffs? - The company believes it is better insulated from tariffs due to its production being predominantly in the U.S., allowing it to absorb volume changes more effectively [75][78]

Financial Data and Key Metrics Changes - The company reported net sales of $660 million for the first quarter of 2025, representing a 3% increase compared to the same period last year [6][24] - Adjusted EBITDA was $67 million, with an adjusted EBITDA margin of 10.2%, which is 220 basis points lower than the same period last year [7][28] - Net income decreased to $13.3 million from $37.5 million year-over-year, primarily due to higher selling, general, and administrative expenses [26][30] - Free cash flow was negative $41 million, compared to positive $12 million in the same period last year [9][30] Business Line Data and Key Metrics Changes - The Supreme acquisition contributed to a 10% growth, while the legacy business saw a 2% increase in net average selling prices (ASP) [6][7] - Builder Direct sales increased by over 4% year-over-year, despite declines in the new construction market [7] - The repair and remodel market experienced mid-single-digit declines, particularly in lower-priced products [13][14] Market Data and Key Metrics Changes - Year-over-year market volume declines were observed across all channels and end markets, with the new construction market down low single digits [10][12] - The Canadian market saw high single-digit declines in both new construction and repair and remodel markets [15] - Overall end market demand is now expected to decline by high to mid-single digits in 2025, revised from previous expectations [16] Company Strategy and Development Direction - The company is focusing on cost preservation and maintaining a strong balance sheet while investing in targeted growth areas [16][19] - Facility consolidations are underway to improve efficiency and reduce costs, with expected benefits materializing in the third quarter [17][18] - Strategic initiatives include Align to Grow, Lead through Lean, and Tech Enabled, aimed at positioning the company for future growth [19][20][22] Management's Comments on Operating Environment and Future Outlook - Management noted that the current demand environment is choppy, with expectations for continued weakness in the second half of 2025 [10][12] - Tariffs are impacting consumer confidence and purchasing behavior, leading to a cautious outlook for large-ticket items [15][36] - The company anticipates adjusted EBITDA for 2025 to be in the range of $315 million to $365 million, with a wider range due to tariff uncertainties [38] Other Important Information - The company authorized a new share repurchase program of up to $50 million [30] - Capital expenditures for 2025 are expected to be between $75 million and $85 million, down from previous estimates [39] Q&A Session Summary Question: Thoughts on pricing and demand impacts - Management indicated that additional pricing actions are needed to counteract tariff impacts, with a focus on timing and customer negotiations [43][44] Question: Demand cadence and seasonality - Management expects a normal seasonal pattern in Q2, but acknowledges challenges due to tariffs and operational adjustments [49][50] Question: Margin progression in Q2 - Margins are expected to improve from Q1, but not to desired levels due to inefficiencies and tariff costs [58][61] Question: Factors affecting EBITDA guidance - The wide range in EBITDA guidance is primarily driven by market demand and the company's ability to gain market share [63][65] Question: Positioning relative to tariffs - The company is better insulated from tariffs due to its U.S.-based production, allowing it to absorb volume changes if necessary [70][72] Question: ASP trends and inventory growth - Management noted that inventory growth is partly due to safety stock and not a significant pre-buy, with plans to adjust inventory levels as demand stabilizes [78]

Group 1 - RH is under investigation for potential violations of federal securities laws, as announced by Bleichmar Fonti & Auld LLP [1] - RH operates primarily in the home furnishings market, offering a variety of products including furniture, lighting, textiles, and outdoor furnishings [2] - Despite claims of accelerated demand, RH was actually facing softening demand and macroeconomic challenges that necessitated delays in new collections [3] Group 2 - On April 2, 2025, RH reported disappointing earnings for FY 2024, citing softening demand and excess inventory estimated between $200 million to $300 million [4] - Following the earnings report, RH's stock price plummeted by 40%, dropping from $249.35 to $149.39 per share within a day [4]

Core Viewpoint - RH is under investigation for potential violations of federal securities laws, following a significant decline in stock price after disappointing earnings reports and revelations about softening demand and excess inventory [1][4]. Company Overview - RH operates as a retailer and luxury lifestyle brand primarily in the home furnishings market, offering a variety of products including furniture, lighting, textiles, and outdoor furnishings [2]. Recent Developments - During a challenging housing market, RH claimed to experience accelerated demand and planned to introduce new collections, but was actually facing softening demand and macroeconomic challenges that necessitated delays in product launches [3]. - On April 2, 2025, RH reported disappointing earnings for FY 2024, citing softening demand, an uncertain macroeconomic environment, and excess inventory valued between $200 million and $300 million [4]. Stock Performance - Following the earnings report, RH's stock price plummeted by 40%, dropping from $249.35 per share on April 2, 2025, to $149.39 per share on April 3, 2025, reflecting investor reaction to the negative news [4].

Group 1 - Dalian achieved a retail sales total of 609.7 billion yuan in Q1, marking a 9% year-on-year growth, the highest quarterly growth since 2022, surpassing national and provincial levels, ranking first among 15 sub-provincial cities [1] - In March, Dalian's retail sales reached 104.9 billion yuan, marking the first time monthly sales exceeded 100 billion yuan [1] - The city organized nearly 400 promotional activities around festivals, enhancing consumer engagement through live performances, park events, and street parades [1] Group 2 - The "old-for-new" consumption policy has been implemented, with sales reaching 65.87 billion yuan by March 31, focusing on automobiles, home appliances, and other consumer goods [2] - Online retail sales in Dalian reached 68.55 billion yuan in Q1, a 192.1% year-on-year increase, driven by the introduction of major e-commerce platforms like Douyin [2]

Group 1 - RH is under investigation for potential violations of federal securities laws, as announced by Bleichmar Fonti & Auld LLP [1] - RH operates primarily in the home furnishings market, offering a variety of products including furniture, lighting, textiles, and outdoor furnishings [2] - Despite claims of accelerated demand, RH was actually facing softening demand and macroeconomic challenges that necessitated delays in new collections [3] Group 2 - On April 2, 2025, RH reported disappointing earnings for FY 2024, citing softening demand and excess inventory valued between $200 million to $300 million [4] - Following the earnings report, RH's stock price plummeted by 40%, dropping from $249.35 to $149.39 per share within a day [4]

Core Viewpoint - RH is under investigation for potential violations of federal securities laws, following a significant decline in stock price due to disappointing earnings and claims of softening demand in the housing market [1][4]. Company Overview - RH operates as a retailer and luxury lifestyle brand primarily in the home furnishings market, offering a variety of products including furniture, lighting, textiles, and outdoor furnishings [2]. Recent Developments - During a challenging housing market, RH claimed accelerated demand and a higher level of inventory as downside protection, while also announcing new collections and an expanded assortment [3]. - However, the company faced actual softening demand and macroeconomic challenges, leading to delays in new collections [3]. Financial Performance - On April 2, 2025, RH reported disappointing earnings for FY 2024, citing softening demand, an uncertain macroeconomic environment, and excess inventory valued between $200 million to $300 million [4]. - Following this announcement, RH's stock price plummeted nearly 40%, dropping from $249.35 per share to $149.39 per share within a day [4].

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into RH (NYSE: RH) for potential violations of the federal securities laws. If you invested in RH, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/rh. Why is RH being Investigated? RH is a retailer and luxury lifestyle brand operating primarily in the home furnishings market that offers merchandise assortments across a num ...

Hooker Furnishings Corporation (HOFT) Q4 2025 Earnings Conference Call April 17, 2025 09:00 AM ET Company Participants Operator - Conference Call ModeratorJeremy Hoff - Chief Executive OfficerEarl Armstrong - Senior Vice President & Chief Financial OfficerUnknown Speaker - Unidentified/Unassigned Conference Call Participants Dave Storms - Analyst, StonegateAnthony Lebedinsky - Analyst, Sudodi & Co Operator Good day and welcome to the Hooker Furnishings Corporation fourth quarter 2025 earnings webcast call. ...

Group 1 - RH's sales are gaining momentum, with margins showing positive inflection, and easy comparisons suggesting expansion through the first half of 2025 [1] - Fourth-quarter sales reported at $812 million and earnings at $1.58 per share, missing consensus projections of $830 million and $1.91 per share [2] - Management guided to 2025 sales growth of 10%-13%, which is below the consensus estimate of 13.4% [2] Group 2 - Analyst Christopher Horvers reiterated an Overweight rating but reduced the price target from $510 to $250 [1] - Adjusted earnings estimates for 2025 and 2026 were cut from $13.16 to $11.28 per share and from $17.58 to $14.46 per share, respectively [2] - Uncertainty related to tariffs has negatively impacted the stock, which is currently trading at the low end of the valuation range [3]