NYSE$ETD
Ethan Allen Interiors Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported first quarter results, impacted by COVID-19 related production and supply chain disruptions, but showed resilience through strong margins and cost containment.
Ethan Allen reported a decrease in net sales due to COVID-19 impacts but improved gross and operating margins. Retail written orders increased, and the company repaid all outstanding debt, ending the quarter with a strong cash position.
- Consolidated net sales decreased to $151.1 million due to COVID-19 related disruptions.
- Consolidated gross margin increased to 56.8% despite production challenges.
- Retail written orders increased by 10.8%, indicating strong demand.
- The company repaid $50 million in debt and ended the quarter with $62.0 million in cash.
Headline financials
Revenue & EPS history
Ethan Allen · Revenue · Quarterly
$151M
Revenue by segment
Ethan Allen · $215M total across 2 segments · Q1 2021
- Retail net sales$118M-14.0%54.8%
- Wholesale net sales$97.3M—45.2%
Forward guidance
Ethan Allen is cautiously optimistic heading into the fall and winter months, based on current demand trends, but recognizes the pandemic is still upon us and much uncertainty exists on a variety of fronts.
Tailwinds
- Strong retail written orders and backlogs reporting double-digit growth.
- Increased demand for products in design centers and online.
- Manufacturing production expected to return to pre-COVID-19 levels by the end of the second quarter.
- Strong cash flow from operations and a strong balance sheet.
- Reinstated quarterly cash dividend of $0.21 per share.
Headwinds
- Uncertainty due to the ongoing COVID-19 pandemic.
- Potential for continued operational challenges.
- Possible economic disruptions in international markets.
- Risk of fluctuations in raw material prices.
- Exposure to business disruptions at manufacturing and logistics sites.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-1.4%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+21.7%
Q1 2013
Best reaction
-14.7%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.9% | -8.8% | -7.1% | |
| Q2 2026 | -6.2% | -3.4% | -5.7% | |
| Q1 2026 | -9.8% | -12.2% | -13.1% | |
| Q3 2025 | -11.7% | -10.5% | -10.7% | |
| Q2 2025 | +11.0% | +7.2% | -0.2% | |
| Q1 2025 | -6.2% | -4.5% | +4.2% | |
| Q4 2024 | +4.2% | -0.4% | +2.3% | |
| Q3 2024 | -14.7% | -15.2% | -15.7% | |
| Q2 2024 | +0.2% | +3.7% | +6.6% | |
| Q1 2024 | -9.5% | -7.1% | -1.8% | |
| Q4 2023 | +13.9% | +12.2% | +1.2% | |
| Q3 2023 | +4.0% | +2.5% | -0.6% | |
| Q2 2023 | -5.5% | -3.2% | +3.8% | |
| Q1 2023 | +9.4% | +14.3% | +28.0% | |
| Q4 2022 | +11.4% | +12.0% | +3.0% | |
| Q3 2022 | -11.0% | -6.3% | -11.5% | |
| Q2 2022 | +1.3% | +4.9% | +6.6% | |
| Q1 2022 | -4.1% | +2.6% | -1.9% | |
| Q4 2021 | +6.1% | +10.5% | -2.7% | |
| Q3 2021 | -8.8% | -1.5% | -8.3% | |
| Q2 2021 | -3.4% | -0.8% | +4.7% | |
| Q1 2021 | -1.7% | +2.8% | +14.2% | |
| Q4 2020 | +7.7% | +5.7% | +18.2% | |
| Q3 2020 | -14.7% | -5.4% | +8.9% | |
| Q2 2020 | -6.5% | -10.0% | -17.5% | |
| Q1 2020 | +0.2% | -1.1% | -12.8% | |
| Q4 2019 | -11.8% | -15.9% | -17.5% | |
| Q3 2019 | +9.6% | +11.8% | +6.0% | |
| Q2 2019 | -4.2% | +0.7% | +5.2% | |
| Q1 2019 | -1.1% | -2.8% | +1.9% | |
| Q4 2018 | -4.5% | -4.7% | -3.0% | |
| Q3 2018 | -1.7% | -3.4% | +3.9% | |
| Q2 2018 | -7.4% | -7.8% | -7.8% | |
| Q1 2018 | -0.5% | -7.2% | -9.6% | |
| Q4 2017 | +3.7% | +2.9% | -10.8% | |
| Q3 2017 | -6.8% | -1.3% | -11.9% | |
| Q2 2017 | -11.0% | -13.0% | -14.2% | |
| Q1 2017 | -1.0% | +0.0% | +14.1% | |
| Q4 2016 | -3.7% | -1.7% | -4.1% | |
| Q3 2016 | +11.0% | — | — | |
| Q2 2016 | +0.4% | — | — | |
| Q1 2016 | -5.4% | — | — | |
| Q4 2015 | +10.5% | — | — | |
| Q3 2015 | -2.4% | — | — | |
| Q2 2015 | -13.5% | — | — | |
| Q1 2015 | +2.0% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | +7.4% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | -3.0% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +21.7% | — | — | |
| Q4 2011 | +6.6% | — | — | |
| Q4 2010 | +6.6% | — | — | |
| Q4 2012 | -5.6% | — | — | |
| Q3 2011 | -4.6% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2011 | +3.3% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2012 | +4.7% | — | — | |
| Q1 2011 | +4.7% | — | — | |
| Q3 2010 | +8.4% | — | — |
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