Ethan Allen Q1 Sales Dip, Net Income Declines
Ticker: ETD · Form: 10-Q · Filed: 2024-10-30T00:00:00.000Z
Sentiment: bearish
Topics: earnings, revenue-decline, net-income-decline
TL;DR
Ethan Allen's Q1 sales down to $180.9M from $193.7M last year. Profit also down.
AI Summary
Ethan Allen Interiors Inc. reported its first quarter results for fiscal year 2025, ending September 30, 2024. Net sales for the quarter were $180.9 million, a decrease from $193.7 million in the same period last year. The company's net income also saw a decline, falling to $14.1 million from $17.7 million year-over-year.
Why It Matters
This filing indicates a slowdown in sales for Ethan Allen, which could signal broader consumer spending trends in the home furnishings sector.
Risk Assessment
Risk Level: medium — The decline in net sales and net income suggests potential headwinds for the company, warranting a medium risk assessment.
Key Numbers
- $180.9M — Net Sales (Q1 FY2025 net sales, down from $193.7M in Q1 FY2024.)
- $14.1M — Net Income (Q1 FY2025 net income, down from $17.7M in Q1 FY2024.)
- 06-30 — Fiscal Year End (Ethan Allen's fiscal year concludes on June 30th.)
Key Players & Entities
- Ethan Allen Interiors Inc. (company) — Filer of the 10-Q report
- 2024-09-30 (date) — End of the reporting period for Q1 FY2025
- $180.9 million (dollar_amount) — Net sales for Q1 FY2025
- $193.7 million (dollar_amount) — Net sales for Q1 FY2024
- $14.1 million (dollar_amount) — Net income for Q1 FY2025
- $17.7 million (dollar_amount) — Net income for Q1 FY2024
FAQ
What were Ethan Allen's net sales for the first quarter of fiscal year 2025?
Ethan Allen's net sales for the first quarter of fiscal year 2025, ending September 30, 2024, were $180.9 million.
How did net sales in Q1 FY2025 compare to Q1 FY2024?
Net sales decreased to $180.9 million in Q1 FY2025 from $193.7 million in Q1 FY2024.
What was Ethan Allen's net income for the first quarter of fiscal year 2025?
The company reported a net income of $14.1 million for the first quarter of fiscal year 2025.
How did net income in Q1 FY2025 compare to Q1 FY2024?
Net income decreased to $14.1 million in Q1 FY2025 from $17.7 million in Q1 FY2024.
When does Ethan Allen's fiscal year end?
Ethan Allen's fiscal year ends on June 30th.
From the Filing
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