From Home Furnishing Business
Fourth Quarter Results Coming in for Leggett & Platt and Others
2023 by HFBusiness Staff in Business Strategy, Industry
Leggett’s business is expected to have lackluster trade sales and earnings in fourth-quarter 2022 thanks to persistent supply chain disruptions and chemical, semiconductor, labor, and transportation-related woes.
Also, supplier production disruptions and logistics challenges are likely to have added to the negatives. The company expects the fourth quarter to be slightly lower than the third quarter, primarily due to further reductions in steel rod production in response to the slowing steel market.
Later in February, mark your calendars to hear from a couple other home and furnishing companies with their fourth quarter and end of year results.
Wayfair Inc., destination for home, announced that it will release financial results for its fourth quarter ended Dec. 31 before the opening of the market on Feb. 23. They will host a conference call at 8 a.m. ET to review results.
Investors and participants can register for the call in advance by visiting http://bit.ly/3qOzwoJ. The call will also be available via live webcast at http://bit.ly/3YaU6OF. The archived webcast will be available shortly after the call at http://investor.wayfair.com.
Rent-A-Center, Inc. will also report fourth quarter and full year 2022 financial results on Feb. 23 and will host a conference call beginning at 9 a.m. ET to discuss the results.
Interested parties can access the conference call by phone via this link (registration link), where the dial-in details will be provided.
A live webcast of the conference call and presentation materials will also be available on the Company’s investor relations website at https://investor.rentacenter.com. A replay will be available beginning February 23rd, at 1:00 p.m. ET.