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Natuzzi S.p.a. (NTZ)
NYSE:NTZ
Earnings Data
Report Date
Jun 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -3.54%
|Next Earnings Date:Jun 27, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed significant improvements in gross margin and branded sales strategy, highlighting the company's resilience. However, these were counterbalanced by challenges such as a decline in overall sales, operational losses, and production-related backlogs. The sentiment reflects a mixed outlook with ongoing challenges despite strategic progress.Company Guidance
During the Natuzzi S.p.A. Fourth Quarter and Full Year 2024 financial results call, the company provided comprehensive guidance and insights into its operations and strategic direction. The fiscal year 2024 closed with sales at EUR 318.8 million, a 3% decrease from the previous year, highlighting market volatility. Branded sales contributed EUR 289 million, demonstrating resilience and a strategic shift towards brand retailing, now comprising 93% of total sales compared to 80% in 2019. Gross margin increased to 36.3%, up from 34.3% in 2023, signifying improved sales quality and operational efficiency. The company reported a net loss of EUR 6.3 million, a substantial improvement from EUR 22.5 million losses in 2019, despite a EUR 70 million revenue reduction. Key operational shifts included relocating production from Shanghai to Quanjiao and moving North America-bound Natuzzi Edition production to Europe. The company also reduced its workforce by 26% over three years, aligning resources with strategic priorities. Retail performance was bolstered by a 4% increase in directly operated store sales to EUR 70.1 million, with significant growth in the U.S. market. The call emphasized the transformation from a manufacturing entity to a brand retailer, focusing on enhancing customer experience, merchandising, and digital capabilities to drive future sales growth.Increase in Gross Margin
2024 gross margin closed at 36.3%, improving by 2 percentage points versus 2023 (34.3%) and 29.7% in 2019.
Growth in Directly Operated Store Revenue
Directly operated store revenue reported EUR70.1 million, up 4% versus 2023 and 18% versus 2019.
Successful Branded Sales Strategy
Branded sales reached EUR289 million, representing 93% of total sales, an increase from 80% in 2019.
Restructuring and Cost Management
Reduction of 1,141 people over three years, focusing on enhancing marketing and retail competencies.
Effective Production Reallocation
Relocation of production from Shanghai to Quanjiao in China, and Natuzzi Edition production for North America moved to Europe.
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NTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $3.95 | $4.49 | +13.67% |
| Dec 12, 2024 | $4.75 | $4.25 | -10.53% |
| Oct 22, 2024 | $4.19 | $4.29 | +2.39% |
| Jun 21, 2024 | $5.00 | $5.06 | +1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Natuzzi S.p.a. (NTZ) report earnings?
Natuzzi S.p.a. (NTZ) is schdueled to report earning on Jun 27, 2025, TBA Not Confirmed.
What is Natuzzi S.p.a. (NTZ) earnings time?
Natuzzi S.p.a. (NTZ) earnings time is at Jun 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTZ EPS forecast?
Currently, no data Available
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