Reports Q4 revenue $168.63M, consensus $159.65M. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to report our strong performance in this post-pandemic period. Despite lower demand and reductions in high backlog, we did well. While sales were lower, our consolidated gross margin remained strong at 60.8% compared with 61.5% a year ago and 54.8% for the fourth quarter ended June 30, 2019.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETD:
- ETD Upcoming Earnings Report: What to Expect?
- Ethan Allen Recognized as America’s Best Premium Furniture Retailer for the Second Consecutive Year
- Ethan Allen Announces Earnings Release Date for its Fiscal 2024 Fourth Quarter and Full Year
- Ethan Allen Day: Honoring a Pioneer and a Proud American Brand
- Ethan Allen Announces Plans to Open New Design Centers in Albuquerque, Louisville, and Watchung