Rent-to-own major Aaron’s Inc. (NYSE: AAN) said first-quarter profits rose 7.3% despite a double-digit decline in lease revenues from its flagship Aaron’s stores.
Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components, said first-quarter sales rose 2.3% to $960.3 million, but net income slipped nearly 4% due largely to higher raw material costs.
Ethan Allen (NYSE: ETH) said sales fell 5.3% to $180.5 million in the quarter ended March 31 as profits were more than 77% below the same quarter last year.
May and August have always been steady and strong months for furniture sales, but March has emerged as a huge sales month, according to new data from the U.S. Census Bureau’s monthly retail trade and food services report.
Upholstery and case goods resource Flexsteel Inds. (NASDAQ:FLXS) said sales slid 3.7% to $120.8 million in the quarter ended March 31, but profits rose nearly 10% to $7.6 million or 96 cents per share.
Airbed manufacturer and retailer Select Comfort (NASDAQ: SCSS) said first-quarter profits were nearly double last year’s opening quarter as sales rose 11.6% to $393.9 million.
FurnitureDealer.Net, a provider of websites and omnichannel marketing services for independent home furnishings retailers, has promoted company veterans Kayla Wallace, Alex Kirsch and Emily Severson as part of a succession plan approved by the company’s founders and senior leadership team.