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Jun 30, 2022
Ethan Allen Q4 2022 Earnings Report
Reported strong sales growth and record earnings for the fourth quarter and full year.
Key Takeaways
Ethan Allen reported a strong Q4 with a 28.8% increase in sales and a 73.2% increase in diluted EPS, reaching a quarterly record. The company's success is attributed to its vertical integration, strong order backlogs, increased production capacity, and effective interior designers.
Consolidated net sales increased by 28.8% to $229.7 million.
Diluted EPS increased 73.2% to $1.23.
Wholesale net sales increased 29.2% to $137.4 million.
Retail net sales increased 25.2% to $188.6 million.
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
Ethan Allen remains focused on managing the business to work through higher backlog and service customers, believing they are well-positioned with relevant product offerings, vertical integration, and a strong logistics network.
Positive Outlook
- Relevant product offerings
- Advantage of vertical integration including North American manufacturing
- Interior design focused retail network
- Strong logistics network
- Healthy balance sheet
Challenges Ahead
- Impact of a slower economy
- Continued inflation