earnings
confidence high
sentiment negative
materiality 0.75
Ethan Allen Q2 FY2024 net sales down 17.7% to $167.3M; diluted EPS $0.68 vs $1.10 prior year
ETHAN ALLEN INTERIORS INC
2024-Q2 EPS reported
$1.26
revenue$331,168,000
- Consolidated net sales $167.3M (-17.7% YoY); retail segment down 19.0%, wholesale down 14.7%.
- GAAP diluted EPS $0.68 vs $1.10; adjusted diluted EPS $0.67 vs $1.10.
- Gross margin 60.2% (down 80 bps); operating margin 13.0% vs 18.2% prior year.
- Cash and investments $167.8M, no debt; regular quarterly dividend maintained at $0.36/share.
- Written orders declined: retail -9.4%, wholesale -10.9%.