The Zacks Retail-Home Furnishings industry continues to face macroeconomic pressures. Elevated mortgage rates and subdued housing turnover remain key challenges, limiting demand for big-ticket home-related purchases. Cautious consumer spending, particularly among middle-income households, has weighed on overall sales volumes. Tariff concerns and broader economic uncertainty have also added to cost pressures and planning complexities for retailers. While premium categories supported by higher-income consumer ...

INVESTOR PRESENTATION | February 2026 Celebrating 70 years of making recreation and transportation better. NYSE: LCII Forward Looking Statements This presentation contains certain "forward-looking statements" with respect to our financial condition, results of operations, profitability, margin growth, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, plans and objectives of management, markets for the Company's common stock, the impact of leg ...

Core Insights - A key measure of inflation fell to 2.4% in January, down from 2.7% in December, nearing the Federal Reserve's 2% target [1] - Core prices, excluding food and energy, rose 2.5% in January, the smallest increase since March 2021, down from 2.6% the previous month [1] - Consumer prices increased by 0.2% in January compared to December, while core prices rose by 0.3% [1] Inflation Trends - The decline in inflation is attributed to slower apartment rental price growth and falling gas prices, providing some relief to consumers [1] - Despite the recent cooling, consumer prices remain approximately 25% higher than five years ago, keeping affordability a significant political issue [1] - A notable drop in used car prices, which fell 1.8% in January from December, contributed to the moderation in core inflation [1] Retail Impact - Retailers are passing on some costs from tariffs on goods like furniture, appliances, and clothing, although these increases are offset by price drops in other areas [1] - Furniture prices increased by 0.7% in January and are up 4% year-over-year, while appliances rose 1.3% in January, showing only slight increases compared to the previous year [1] - Clothing prices rose 0.3% in January and have increased by 1.7% over the past year [1]

Sales to manufacturers in the quarter totaled CAD 459.9 million, up 9.1%, including 5.9% internal growth and 3.2% from acquisitions, management said. By contrast, sales in the hardware retailers and renovation superstores market declined 6.4% in the quarter.Operating cash flow in the quarter was CAD 68.7 million versus CAD 27.2 million in the fourth quarter of 2024, driven in part by a cash inflow from working capital. CFO and COO Antoine Auclair said the net change in non-cash working capital balances repr ...

Core Viewpoint - Williams-Sonoma, Inc. is a leading omni-channel specialty retailer in premium home furnishings, kitchenware, and decor, with a market capitalization of $22.17 billion, indicating its large-cap status [1][2] Financial Performance - For the third quarter of fiscal 2025, Williams-Sonoma reported net revenues of $1.88 billion, a 4.6% year-over-year increase, surpassing Wall Street expectations of $1.85 billion [5] - The company's comparable brand revenue increased by 4%, and its earnings per share (EPS) rose to $1.96, reflecting a 4.8% year-over-year growth, also exceeding analyst expectations of $1.87 [5] - Despite the positive results, the stock experienced a 3.4% intraday drop on the reporting day due to modest growth [5] Stock Performance - Williams-Sonoma's shares have increased by 42.8% from a 52-week low of $130.07 reached in April, although the stock has declined 5.6% over the past three months [3] - Over the past 52 weeks, the stock has dropped 6.3%, while the Nasdaq Composite index has increased by 12.9% [4] - In the last six months, Williams-Sonoma's stock gained 18.3%, outperforming the Nasdaq Composite's 16.3% increase [4] Competitive Comparison - Compared to Best Buy Co., Inc., which has seen an 18.3% decline over the past 52 weeks but a 3% gain in the last six months, Williams-Sonoma has demonstrated superior performance [6]

Core Insights - MillerKnoll reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but down from $0.55 per share a year ago, indicating an earnings surprise of +2.38% [1] - The company achieved revenues of $955.2 million for the quarter, surpassing the Zacks Consensus Estimate by 1.18%, although this is a decrease from $970.4 million in the same quarter last year [2] - MillerKnoll has outperformed consensus EPS estimates three times in the last four quarters, but the stock has underperformed the market, losing about 26.1% year-to-date compared to the S&P 500's gain of 15.6% [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $922.4 million, and for the current fiscal year, it is $1.86 on revenues of $3.8 billion [7] - The trend of estimate revisions for MillerKnoll was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Furniture industry, to which MillerKnoll belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Core Viewpoint - RH (NYSE:RH) is characterized as a "wild trader" by Jim Cramer, highlighting its volatile trading behavior following earnings reports, with a notable 14% spike before settling at a 6% increase [1][2]. Company Performance - After-hours trading saw RH's stock initially decline, followed by a significant recovery, ultimately closing up 6%, which is considered a strong performance compared to other companies that reported poor results [1]. - Analysts at Stifel downgraded RH, citing concerns over a fundamental mismatch between the company's current valuation and its long-term prospects [1]. Industry Context - RH operates as a retailer and lifestyle brand, offering a range of products including furniture, lighting, textiles, bathware, decor, and children's furnishings [2]. - There is a belief that certain AI stocks may present greater upside potential with less downside risk compared to RH, indicating a competitive landscape in investment opportunities [3].

Core Viewpoint - Wayfair Inc. is currently viewed as a high short interest stock, with Jefferies maintaining a Hold rating and a price target of $94, reflecting a cautious outlook on the company's performance amid a slowdown in holiday shopping [1][2]. Financial Performance - In Q3 2025, Wayfair reported total net revenue of $3.1 billion, an 8.1% year-over-year increase, or 9% when excluding the impact of exiting the German market [3]. - US net revenue was $2.7 billion, up 8.6%, while international net revenue reached $389 million, up 4.6% [3]. - The company experienced a net loss of $99 million, translating to a diluted loss per share of $0.76, although this was an improvement from a net loss of $74 million in the same period of 2024 [3]. Customer Metrics - The average order value increased to $317 in Q3, up from $310 in the same quarter last year [4]. - Repeat customers accounted for 80.1% of total orders delivered, an increase from 79.9% in Q3, representing 7.9 million orders, which is a 6.8% increase [4]. - Orders placed via mobile devices constituted 63.0% of total orders delivered [4]. - Active customers totaled 21.2 million as of September 30, reflecting a 2.3% year-over-year decrease [4]. Business Overview - Wayfair Inc. operates in the e-commerce sector, offering a wide range of products including furniture, décor, housewares, and home improvement items through various platforms such as Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional [5].

Core Insights - The Zacks Retail-Home Furnishings industry is showing cautious improvement despite ongoing macroeconomic pressures, including high mortgage rates and weak housing turnover, which are suppressing big-ticket spending [1][7] - The industry's tech-driven evolution indicates a favorable long-term outlook, with companies leveraging digital innovation and strong branding to outperform in the retail landscape [2][4] Industry Overview - The Zacks Retail-Home Furnishings industry includes retailers offering a variety of home furnishing products, such as furniture, garden accessories, and bedding products [3] - Companies in this sector are involved in manufacturing and distributing home and security products for residential applications [3] Trends Influencing the Industry - Online growth and digital services are reshaping the consumer journey, with major platforms investing in AI-driven personalization and immersive user experiences [4] - Customization is increasingly valued by Gen Z and millennials, leading to services like AI-driven design apps and virtual interior consulting [5] - Product innovation and strategic marketing are crucial for market share gains, with companies focusing on exclusive collaborations and enhanced customer experiences [6] Macroeconomic Challenges - The industry faces significant challenges from a weak housing market and high interest rates, which negatively impact consumer spending on big-ticket items [7] - Inflationary pressures and tariff volatility are complicating the landscape, with incremental tariff rates doubling since Q1 2025, creating cost headwinds [7][8] Industry Performance - The Zacks Retail-Home Furnishings industry has underperformed compared to the broader Zacks Retail-Wholesale sector and the S&P 500 over the past year, with a loss of 21.3% compared to the sector's growth of 27.2% [11] - The industry's current forward P/E ratio is 21.23, lower than the S&P 500's 23.59 and the sector's 24.94, indicating potential valuation opportunities [14] Notable Companies - **FGI Industries**: Focuses on bath and kitchen products, benefiting from a resilient repair-and-remodel market, with a 7% rise in sanitaryware demand despite tariff pressures [18] - **Somnigroup**: Gaining market share through strong execution and product innovation, with double-digit sales growth in international operations [22][24] - **Haverty Furniture**: Growth driven by improved marketing and supply chain execution, with strategic price adjustments helping maintain margins [26][27] - **Williams-Sonoma**: Benefiting from strong multi-brand momentum and improved inventory availability, with strategic initiatives expanding its addressable market [30][31] - **Floor & Decor**: Focused on steady store expansion and strengthening its supply chain, with growth initiatives boosting customer engagement [32][35]

Group 1 - Wayfair Inc. ranks among the best performing retail stocks in 2025, with a Buy rating and a price target of $120 from Truist Securities after a meeting with company management [1] - The company reported a double-beat on estimates, with adjusted EPS of $0.70, a 220% increase year-over-year, and revenues of $3.1 billion, up 8.1% [2] - Orders delivered increased by more than 5% year-over-year, with new orders growing in the mid-single digits for two consecutive periods [2] Group 2 - Management is focused on preserving and growing contribution margins and adjusted EBITDA, leveraging advantages from re-platforming efforts that include increased product velocity [3] - Wayfair Inc. operates as a global e-commerce company selling furniture, décor, housewares, and home renovation products under various brand names [3]