NYSE$ETD
Ethan Allen Interiors Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Ethan Allen's Q2 2024 results were characterized by lower sales, strong gross and operating margins, and a robust balance sheet.
Ethan Allen reported a decrease in net sales by 17.7% to $167.3 million, alongside a diluted EPS of $0.68. Despite lower sales, the company maintained a strong gross margin of 60.2% and ended the quarter with $167.8 million in cash and investments.
- Consolidated net sales decreased by 17.7% to $167.3 million.
- Retail net sales were lower by 19.0% at $139.2 million.
- Consolidated gross margin was 60.2%, a decrease of 80 basis points compared to the previous year.
- The company ended the quarter with $167.8 million in cash and investments and no debt.
Headline financials
Revenue & EPS history
Ethan Allen · Revenue · Quarterly
$167M
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
Ethan Allen is cautiously optimistic about its future performance, focusing on its strong interior design-based enterprise, technology utilization, and North American manufacturing and logistics.
Tailwinds
- Strong interior design-based enterprise.
- Utilization of technology.
- Investment in North American manufacturing and logistics.
- 75% of products are made in North American facilities with 75% custom orders.
- Strong logistics network delivers products to clients' homes at one delivered price.
Headwinds
- Lower sales reflect post-pandemic economy.
- Retail segment written orders decreased 9.4%.
- Wholesale segment written orders decreased 10.9%.
- Gross margin decreased due to deleveraging from lower unit volumes and changes in sales and product mix.
- Operating margin decreased due to fixed cost deleveraging from lower consolidated net sales.
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 Q2 2024
-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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