October 26,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
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.
October 24,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
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.
October 20,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
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.
October 18,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
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.
August 1,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Havertys (NYSE: HVT) said second-quarter profits jumped 15.1% as net sales edged up 1.1% to $198.6 million.
August 1,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Factory 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.
July 24,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
As 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.