NYSE$ETD
Ethan Allen Interiors Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong first quarter results driven by sales growth and improved efficiencies.
Ethan Allen reported a strong first quarter with a 17.7% increase in sales to $214.5 million and a 48.1% increase in diluted earnings per share to $1.17. The company generated $38.4 million in operating cash flow and returned $20.9 million to shareholders through dividends.
- Consolidated net sales increased by 17.7% to $214.5 million.
- Retail net sales increased 18.5% to $183.7 million, while wholesale net sales increased 4.8% to $114.7 million.
- Consolidated gross margin increased to 60.4% from 59.9% due to sales mix, product mix, pricing actions, and manufacturing efficiencies.
- Diluted EPS increased to $1.17 compared to $0.79, and adjusted diluted EPS increased 38.8% to $1.11.
Headline financials
Revenue & EPS history
Ethan Allen · Revenue · Quarterly
$215M
Revenue by segment
Ethan Allen · $233M total across 2 segments · Q1 2024
- Retail net sales$134M—57.3%
- Wholesale net sales$99.4M—42.7%
Forward guidance
The company is well-positioned to manage challenging trends in the global economy by strengthening its vertically integrated structure, including its interior design network, relevant offerings, marketing, and North American manufacturing and logistics.
Tailwinds
- Continued strengthening of vertically integrated structure.
- Advancements in technology within the interior design network.
- Accelerating introductions of relevant offerings.
- Expanding marketing efforts.
- Continued investment in North American manufacturing and logistics.
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 2023
-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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