Rent-to-own major Aaron’s Inc. (NYSE: AAN) said second-quarter revenues rose 3.3% to $815.6 million as the company’s Progressive Leasing business continue to pace top-line growth.
Mattress producer Purple, one of several fast-growing companies in the bed-in-a-box segment, may soon become a public company.
Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components and finished furniture, said second-quarter sales rose 3.2% to $989.3 million, but profits tumbled nearly 28% due to higher raw materials costs.
The loss of Mattress Firm left a gaping hole in the top line at Tempur Sealy International (NYSE: TPX) as second-quarter sales tumbled 18% to $659.3 million.
Rent-A-Center (NASDAQ: RCII) said revenues fell nearly 10% to $677.6 million in the quarter ended June 30, and the struggling rent-to-own major recorded a net loss of $8.89 million or 17 cents per share.
Vertically integrated Ethan Allen (NYSE: ETH) reported lower sales and earnings in its fiscal fourth quarter and fiscal year ending June 30 as the company incurred higher costs from product launches and several other initiatives.
Stanley Furniture (NASDAQ: STLY) said second-quarter sales fell 3.6%, but higher gross margins enabled the company to record a profit of $14,000, reversing a net loss from last year’s second quarter.