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From Home Furnishing Business

FastFact: Q3 Furniture, Bedding Sales Rise 4.1 Percent

Furniture and bedding sales were up 4.11 percent in the third quarter to $25.42 billion, according to the proprietary industry sales model developed by Impact Consulting, parent company of Home Furnishings Business.

Havertys Q3 Profits Tumble Due to Hurricane Disruptions

Havertys (NYSE: HVT) said third-quarter profits tumbled more than 23% to $5.98 million or 28 cents per share due largely to disruptions from Hurricane Irma.

FastFact: Consumer Spending on Furniture Tops $109 Billion in Q1

Consumer spending on furniture totaled $109.7 billion in the first quarter of 2017, according to data from the Bureau of Labor Statistics.

Hurricanes Send Aaron’s Q3 Profits Down 14%

Rent-to-own major Aaron’s Inc. (NYSE: AAN) said third-quarter revenues rose 9% to $838.9 million, but earnings fell 14% due to store closings and other disruptions in states hit by Hurricanes Harvey and Irma.

Rising Steel Costs Again Pinch Leggett & Platt Profits

Leggett & Platt (NYSE: LEG) said third-quarter sales rose 6.4%, but the increase was more than offset by rising steel costs, which sent profits down 11.7% to $82.6 million or 60 cents per share.

Survey Finds Furniture Retailers Optimistic about 2018 Sales

Furniture retailers are a fairly optimistic group, with 58% of them expecting an increase in furniture sales in 2018, according to a recent poll taken by financial services firm TD Bank.

Hurricanes Crimp Sales, Profits at Ethan Allen

Store closings and production disruptions due to Hurricanes Harvey and Irma hurt the top and bottom lines at Ethan Allen (NYSE: ETH) in the quarter ended Sept. 30, as the vertically integrated company’s profits tumbled more than 35% to $7.42 million or 27 cents per share.