Ethan Allen Q2 EPS up 15.8% to $1.10; gross margin expands to 61.0%

ETHAN ALLEN INTERIORS INC

2023-Q2 EPS reported $2.27 revenue$417,691,000

Adjusted diluted EPS $1.10 vs $0.95 last year, up 15.8%; net sales $203.2M down 2.4%.
Gross margin 61.0% (up from 58.8%) on pricing actions, favorable mix, lower inbound freight.
Operating margin 18.2% (adj. 18.1%) vs 15.7% last year; no debt, cash & investments $140.4M.
Regular quarterly dividend raised 28% to $0.32/share, payable Feb 21, 2023.
Retail written orders down 16.3% YoY but near pre-pandemic levels; inventory down $16.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ETHAN ALLEN INTERIORS INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $203.2 million, net income $28,166, EPS $1.10.

Period: fiscal 2023 second quarter ended December 31, 2022
Revenue: $203.2 million
Net income: $28,166
EPS: $1.10
Result: reported results

Exact text from the filing

Consolidated net sales of $203.2 million decreased 2.4%

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Source: SEC EDGAR

accession 0001437749-23-001769

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