Ethan Allen Q2 Sales Dip Amidst Segment Shifts

Ticker: ETD · Form: 10-Q · Filed: 2025-01-29T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, retail, wholesale

TL;DR

Ethan Allen sales down YOY, wholesale struggling but retail holding steady. Watch inventory.

AI Summary

Ethan Allen Interiors Inc. reported its second quarter fiscal 2025 results for the period ending December 31, 2024. Net sales for the six months ended December 31, 2024, were $377.9 million, a decrease from $390.3 million in the prior year period. The company's wholesale segment saw a decline in net sales, while the retail segment experienced a slight increase.

Why It Matters

This filing provides insight into Ethan Allen's recent financial performance, indicating challenges in its wholesale operations which could impact overall profitability and future strategic decisions.

Risk Assessment

Risk Level: medium — The decline in net sales, particularly in the wholesale segment, suggests potential market challenges or operational issues that could affect future financial performance.

Key Numbers

$377.9M — Net Sales (YTD) (Represents a decrease compared to the prior year period.)
$390.3M — Net Sales (Prior Year YTD) (Benchmark for current period performance.)

Key Players & Entities

ETHAN ALLEN INTERIORS INC (company) — Filer
20241231 (date) — Period of Report
$377.9 million (dollar_amount) — Net sales for the six months ended December 31, 2024
$390.3 million (dollar_amount) — Net sales for the six months ended December 31, 2023

FAQ

What were the specific reasons for the decrease in net sales for the six months ended December 31, 2024?

The filing indicates a decrease in net sales for the six months ended December 31, 2024, to $377.9 million from $390.3 million in the prior year period, with a decline noted in the wholesale segment.

How did the retail segment perform compared to the wholesale segment during this period?

The filing notes that the wholesale segment saw a decline in net sales, while the retail segment experienced a slight increase during the six months ended December 31, 2024.

What is the company's fiscal year end?

Ethan Allen Interiors Inc.'s fiscal year ends on June 30.

What was the filing date for this 10-Q report?

This 10-Q report was filed on January 29, 2025.

What is the company's Standard Industrial Classification code?

The company's SIC code is 2511, which corresponds to WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED).

From the Filing

0001437749-25-002148.txt : 20250129 0001437749-25-002148.hdr.sgml : 20250129 20250129163041 ACCESSION NUMBER: 0001437749-25-002148 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 82 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250129 DATE AS OF CHANGE: 20250129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ETHAN ALLEN INTERIORS INC CENTRAL INDEX KEY: 0000896156 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 061275288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-11692 FILM NUMBER: 25569775 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 10-Q 1 eth20241231_10q.htm FORM 10-Q eth20241231_10q.htm Q2 2024 --06-30 false 0000896156 false false false false 2 2 3 3 3 10 3 0 0 0 0 0 0 1.0 5 2 0 0 0 1 3 1 1 1 4 11 0 0 0000896156 2024-07-01 2024-12-31 thunderdome:item 0000896156 2024-10-01 2024-12-31 iso4217:USD 0000896156 2024-06-30 0000896156 2024-12-31 0000896156 eth:InventoryProfitEliminationMember 2024-06-30 0000896156 eth:InventoryProfitEliminationMember 2024-12-31 0000896156 eth:RetailSegmentMember 2024-06-30 0000896156 eth:RetailSegmentMember 2024-12-31 0000896156 eth:WholesaleSegmentMember 2024-06-30 0000896156 eth:WholesaleSegmentMember 2024-12-31 0000896156 2023-07-01 2023-12-31 0000896156 2023-10-01 2023-12-31 0000896156 eth:RetailSegmentMember 2023-07-01 2023-12-31 0000896156 eth:RetailSegmentMember 2024-07-01 2024-12-31 0000896156 eth:RetailSegmentMember 2023-10-01 2023-12-31 0000896156 eth:RetailSegmentMember 2024-10-01 2024-12-31 0000896156 eth:WholesaleSegmentMember 2023-07-01 2023-12-31 0000896156 eth:WholesaleSegmentMember 2024-07-01 2024-12-31 0000896156 eth:WholesaleSegmentMember 2023-10-01 2023-12-31 0000896156 eth:WholesaleSegmentMember 2024-10-01 2024-12-31 0000896156 us-gaap:IntersegmentEliminationMember 2023-07-01 2023-12-31 0000896156 us-gaap:IntersegmentEliminationMember 2024-07-01 2024-12-31 0000896156 us-gaap:IntersegmentEliminationMember 2023-10-01 2023-12-31 0000896156 us-gaap:IntersegmentEliminationMember 2024-10-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:RetailSegmentMember 2023-07-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:RetailSegmentMember 2024-07-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:RetailSegmentMember 2023-10-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:RetailSegmentMember 2024-10-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:WholesaleSegmentMember 2023-07-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:WholesaleSegmentMember 2024-07-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:WholesaleSegmentMember 2023-10-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:WholesaleSegmentMember 2024-10-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:ExternalCustomersMember eth:WholesaleSegmentMember 2023-07-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:ExternalCustomersMember eth:WholesaleSegmentMember 2024-07-01 2024-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:ExternalCustomersMember eth:WholesaleSegmentMember 2023-10-01 2023-12-31 0000896156 us-gaap:OperatingSegmentsMember eth:ExternalCustomersMember eth:WholesaleSegmentMember 2024-10-01 2024-12-31 0000896156 us-gaap:IntersegmentEliminationMember eth:WholesaleSegmentMember 2023-07-01 2023-12-31 0000896156 us-gaap:IntersegmentEliminationMember eth:WholesaleSegmentMember 2024-07-01 2024-12-31 0000896156 us-gaap:IntersegmentEliminationMember eth:WholesaleSegmentMember 2023-10-01 2023-12-31 0000896156 us-gaap:IntersegmentEliminationMember eth:WholesaleSegmentMember 2024-10-01 2024-12-31 xbrli:pure utr:Y 0000896156 us-gaap:PerformanceSharesMember 2024-07-01 2024-12-31 0000896156 us-gaap:PerformanceSharesMember 2024-12-31 iso4217:USD xbrli:shares xbrl