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Mar 31, 2024
Ethan Allen Q3 2024 Earnings Report
Ethan Allen's Q3 2024 performance was marked by a robust balance sheet, strong cash dividends, and a double-digit operating margin, despite lower demand reflecting the post-pandemic period.
Key Takeaways
Ethan Allen reported a decrease in consolidated net sales by 21.4% to $146.4 million, but maintained a strong financial position with $181.1 million in cash and investments and no debt. The company's operating margin was 10.5%, with an adjusted operating margin of 10.0%.
Consolidated net sales decreased by 21.4% to $146.4 million.
Retail net sales were lower by 18.8% at $122.6 million, and wholesale net sales decreased by 21.3% to $89.8 million.
The company ended the quarter with $181.1 million in cash and investments and no debt.
Operating margin was 10.5%, with an adjusted operating margin of 10.0%.
Forward Guidance
While there are current economic challenges and international conflicts, Ethan Allen remains cautiously optimistic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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