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From Home Furnishing Business

Aaron’s Directors Approve Dividend Hike

Directors of rent-to-own major Aaron’s Inc. (AAN) have increased the quarterly cash dividend by 10% to 2.75 cents per share. 

Havertys Reports Flat Q3 Sales, Profits

Havertys (HVT) said third-quarter sales and profits were essentially even with last year’s third quarter as improved gross margins were offset by higher operating costs.

FastFact: Furniture E-Shipments Still Trail Other Manufacturing Segments

While e-commerce shipments have grown at a rapid pace since the mid-2000s, furniture and related products are still slightly behind all manufacturing in the percentage of e-commerce shipments to total shipments, according to a study by the U.S. Census Bureau.

Leggett & Platt Sales Slip 6%, Profits Flat in Q3

Furniture and bedding components supplier Leggett & Platt (LEG) said third-quarter profits were essentially even with last year’s third quarter, as sales declined 6% to $948.9 million.

Aaron’s Profits Jump 21% on Flat Q3 Revenues

Rent-to-own major Aaron’s Inc. (AAN) said third-quarter revenue rose less than 1%, but net income jumped more than 21% as its Progressive Finance subsidiary continued to perform well.

Computer System Problems Plague Rent-A-Center in Q3

Hampered by repeated outages of its new point-of-sale system, Rent-A-Center (RCII) said third-quarter revenues fell 12.3% to $693.9 million, including a 12% decline in same-store sales in its U.S. rent-to-own stores.

Tempur Sealy Sales Slip 5.4%, But Profits Nearly Double

Bedding major Tempur Sealy International (TPX) said third-quarter sales fell 5.4% to $832.4 million, but net income nearly doubled as gross margin improved and other costs were reduced.

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