Loading...
•
Sep 30, 2023
Ethan Allen Q1 2024 Earnings Report
Reported strong operating margins despite sales impacted by July flooding and a softening economy.
Key Takeaways
Ethan Allen reported a decrease in consolidated net sales by 23.6% to $163.9 million due to flooding in Vermont and a slowing economy. Despite these challenges, the company maintained a strong gross margin of 61.1% and an adjusted operating margin of 12.1%. They also generated positive operating cash flow, ending the quarter with $163.2 million in cash and investments and no debt.
Consolidated net sales decreased by 23.6% to $163.9 million.
Gross margin increased to 61.1% from 60.4% year-over-year.
Operating margin was 11.2%, with an adjusted operating margin of 12.1%.
The company ended the quarter with $163.2 million in cash and investments and no debt.
Ethan Allen
Ethan Allen
Ethan Allen Revenue by Segment
Revenue by Segment
Retail Net Sales Revenue
CapyFin.comWholesale Net Sales Revenue
CapyFin.com Forward Guidance
While navigating a slower economy and reduced consumer focus on the home, Ethan Allen remains cautiously optimistic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income