Ethan Allen Interiors Inc
NYSE:ETD
Ethan Allen Interiors Inc
Ethan Allen Interiors, Inc. is engaged in manufacturing home furnishings and accessories. The company is headquartered in Danbury, Connecticut and currently employs 4,188 full-time employees. The firm is a manufacturer and retailer in the home furnishings marketplace. The company is an international home fashion brand that is vertically integrated from design through delivery. The firm operates through two segments: wholesale and retail. The company provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. The company operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The firm owns and operates nine manufacturing facilities.
Ethan Allen Interiors, Inc. is engaged in manufacturing home furnishings and accessories. The company is headquartered in Danbury, Connecticut and currently employs 4,188 full-time employees. The firm is a manufacturer and retailer in the home furnishings marketplace. The company is an international home fashion brand that is vertically integrated from design through delivery. The firm operates through two segments: wholesale and retail. The company provides complimentary interior design service to clients and sell a wide range of home furnishings through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of broad range of home furnishings and accents. The company operates approximately 141 retail design centers with 136 located in the United States and five in Canada. The firm owns and operates nine manufacturing facilities.
Sales Decline: Ethan Allen's Q2 net sales fell to $149.9 million, impacted by the U.S. government shutdown and lower consumer confidence.
Order Weakness: Retail written orders were down 17.9% and wholesale orders dropped 19.3% year-over-year, with traffic down 11%.
Margin Strength: Gross margin improved to 60.9%, up 60 basis points YoY, helped by product mix, higher ticket price, and cost controls.
Tariff Headwinds: New tariffs put pressure on costs, but price increases and cost-sharing strategies are helping offset some impact.
Positive Start to Q3: January saw an uptick in traffic and positive written sales, suggesting a rebound from Q2 softness.
Strong Balance Sheet: The company ended the quarter with $179.3 million in cash and investments and no debt.
