ETHAN ALLEN INTERIORS Reports FY2023 Q4 Earnings Results for June 30 2023
August 9, 2023
🌥️Earnings Overview
On August 2 2023, ETHAN ALLEN INTERIORS ($NYSE:ETD) revealed their financial performance for the quarter ending on June 30 2023, reporting a revenue of USD 187.4 million, a decrease of 18.4% compared to the same quarter of the previous year. Net income was also lower, dropping 19.4% to USD 25.4 million.
Market Price
ETHAN ALLEN INTERIORS reported its earnings results for the quarter ending June 30 2023 on Wednesday. The stock opened at $31.0 and closed at $30.6, a 2.0% decrease from the prior closing price of $31.3. The company also announced plans to open seven new stores in the upcoming quarter and will be investing in its digital sales capabilities.
They also revealed plans to launch their new “Designer Series” line of furniture in September of this year. Overall, the results were slightly below expectations, but the company is optimistic about the future and is confident that their investments in digital sales and new product offerings will help them remain competitive in the market going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ETD. More…
| Total Revenues | Net Income | Net Margin |
| 791.38 | 105.81 | 13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ETD. More…
| Operations | Investing | Financing |
| 103.71 | -13.97 | -49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ETD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.45 | 274.45 | 18.58 |
Key Ratios Snapshot
Some of the financial key ratios for ETD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 125.6% | 16.9% |
| FCF Margin | ROE | ROA |
| 11.2% | 18.1% | 11.2% |
Analysis
At GoodWhale, we analyze the financials of companies to assess their health and viability. Recently, we have conducted an analysis of ETHAN ALLEN INTERIORS. From our Star Chart, we can see that ETHAN ALLEN INTERIORS has a high health score of 10/10 with regard to its cashflows and debt, meaning it is capable to safely ride out any crisis without the risk of bankruptcy. Our analysis further classifies ETHAN ALLEN INTERIORS as a ‘gorilla’, meaning a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe that investors looking for a stable and growth-focused company would be interested in ETHAN ALLEN INTERIORS. It is strong in asset, profitability, and medium in dividend, growth. Therefore, investors seeking to invest in ETHAN ALLEN INTERIORS can expect it to be a reliable source of returns. More…
Peers
The company offers a wide range of furniture products, including bedroom, dining room, and living room furniture, as well as office, outdoor, and home accents. Ethan Allen Interiors Inc operates through a network of company-owned stores and licensed dealers. Traeger Inc, Whirlpool Corp, and Tempur Sealy International Inc are all major competitors of Ethan Allen Interiors Inc.
– Traeger Inc ($NYSE:COOK)
Traeger Inc has a market cap of 438.66M as of 2022, a Return on Equity of -26.37%. The company manufactures and sells wood pellet grills and related products.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corporation is an American multinational manufacturing and marketing company of home appliances, headquartered in Benton Harbor, Michigan. The company has annual revenue of approximately $21 billion, 92,000 employees, and more than 70 manufacturing and technology research centers around the world.
– Tempur Sealy International Inc ($NYSE:TPX)
Tempur Sealy International Inc is a leading manufacturer, marketer and distributor of bedding products. The company’s products include mattresses, pillows, cushions, and other sleep-related accessories. Tempur Sealy International Inc has a market cap of 5.09B as of 2022, a Return on Equity of -287.04%. The company’s products are sold through a network of retailers, including department stores, mass merchandisers, specialty bedding retailers, and its own direct-to-consumer website. Tempur Sealy International Inc is headquartered in Lexington, Kentucky.
Summary
ETHAN ALLEN INTERIORS reported their earnings results for FY2023 Q4, ending June 30 2023, on August 2 2023. Revenue for the quarter was USD 187.4 million, an 18.4% decrease from the same period the year prior. Net income was also down 19.4%, coming in at USD 25.4 million. As a result, investors should be cautious when considering an investment in ETHAN ALLEN INTERIORS.
Although its revenue decreased from the prior year, it remains a strong business with a diversified portfolio. Investors should carefully consider factors such as market conditions, industry trends, and competitive landscape before making their investment decisions.
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