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From Home Furnishing Business

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.

Conn’s Projects Same-Store Sales Decline Due to Hurricane

Retailer Conn’s Inc. (NASDAQ: CONN), which is based in the Houston suburb of The Woodlands, Texas, and has numerous stores in the state, said same-store sales for the quarter ending Oct. 31 are likely to be down 5% to 9% due to the impact of Hurricane Harvey.

Flexsteel Sales Jump 6.9% in Fiscal Q1

Upholstery and case goods resource Flexsteel Inds. (NASDAQ: FLXS) said sales rose 6.9% to $119.8 million in the quarter ended Sept. 30, while a one-time gain on the sale of a facility resulted in a 30% jump in profits.

Select Comfort Q3 Profits Slip, but Sales Rise 9.4%

Mattress producer and retailer Select Comfort (NASDAQ: SCSS) said third-quarter sales jumped 9.4% to $402.6 million, but net income slipped about 1% due largely to the impact of hurricanes Harvey and Irma.

Havertys Q2 Profits Jump 15.1% on Lower Costs, Higher Margins

Havertys Logo Havertys (NYSE: HVT) said second-quarter profits jumped 15.1% as net sales edged up 1.1% to $198.6 million.

Survey Says: Furniture Factory Orders Rise 8% in May

Smith Leonard LogoFactory orders for residential furniture in May were 8% above May 2016 – the fourth straight monthly increase reported by the Smith Leonard accounting and consulting firm.

FastFact: Vacancy Rates Shrink as Housing Market Strengthens

Fast FactAs the housing industry continues its post-Recession rebound, vacancy rates among rental units and homeowner units keep declining, according to data from the U.S. Census Bureau.

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