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Financial, Retail

Home Furnishings & Decor Retailers Release 2025 Reports, Performance Mixed

Several home furnishings and home goods retailers, including Ethan Allen, Havertys and Wayfair, have released their first earnings reports of 2025, and the financial results are lackluster.

RugNews.com Editors
5/7/2025
Ethan Allen Bohkara Jewel rug in a classic dining room scene
Ethan Allen, which reported mixed fiscal 2025 third quarter results, has a coffer full of cash, no debt and US
manufacturing facilities. Shown, Ethan Allen's Bohkara Jewel Rug

NEW YORK — Several home furnishings and home goods retailers have released their first earnings reports of 2025, and their performance is mixed. Companies are navigating the challenges of a gloomy economic outlook due to trade tariffs and shifting  policies, which have resulted in decreased consumer confidence and lackluster spending. Those factors alongside a weakened housing market and high mortgage rates make for an uncertain kick off to 2025 for the home furnishings sector. While some retailers show resilience and strategic growth, others face stronger headwinds impacting sales and profitability.

Below are the highlights from recent earning reports by home furnishings players:

ETHAN ALLEN INTERIORS
Quarter:  Q3 FY2025

Highlights:


• Consolidated Net Sales:  $142.7 million down from $146.4 million
-- Wholesale Net Sales: $99 million up from $89.8 million
-- Retail Net Sales: $117.6 million, down from $122.6 million
• Written orders
--Wholesale segment written orders declined 11.2%
--Retail segment written orders decreased 13%

• Gross Margin: 61.2%, down from 61.3%
• Cash & Investments: Ended the quarter with $186.4 million in cash and investments, with no debt
• Outlook: The company remains financially stable with strong gross margins, $183.9 million in cash and no debt. 

FLOOR & DECOR
Quarter:  Q1 FY2025

Highlights:

• Net Sales: $1.16 million, an increase of 5.8%

• Net iIncome: $48.9 million, a decrease of 2.3%
• Comparable Store Sales: declined 1.8%.
• 2025 Store Openings: 20 new stores instead of prior expectation of 25. In Q1 opened four new warehouse stores and closed one
• Outlook: The company is navigating a competitive market with strategic store expansions and operational focus.

HAVERTYS
Quarter: Q1 2025

Highlights:

• Net Sales: $181.6 million, a 1.3% decrease
• Comparable Store Sales: Declined by 4.8%
• Consolidated Sales: $181.6 million, a decrease of 1.3%
• Net Income: $3.8 million, up from $2.4 million
• Gross Profit Margin: Improved to 61.2% from 60.3%
• SG&A Expenses: Reduced by $2.2 million representing 59% of sales
• Cash: $118.3 million in cash and no outstanding debt
• Outlook: The company is focusing on cost management and enhancing gross margins amid a challenging retail environment. It maintains a relatively strong financial position with substantial cash reserves and no debt.


KIRKLAND'S
Quarter: Q4 FY2024

Highlights:

• Net Sales: $148.89 million, a 10.3% decrease
• Net Income: $7.9 million, down from $10.1 million
• Operating Expenses: $36 million, compared to $42.4 million
• Comparable Sales: Decreased by 2.0%, with a 1.9% increase in comparable store sales offset by a 12.9% decline in e-commerce sales
• Outlook: Kirkland's finalized a $25 million investment from Beyond, Inc., designed to enhance its e-commerce capabilities and expand its customer base.

WAYFAIR
Quarter: Q1 FY2025

Highlights:

• US Net Revenue: $2.4 billion, up 1.6%
• Gross Profit: $837 million
• Net Loss: $113 million.
• Reported a net loss of $248 million
• Non-GAAP Adjusted EBITDA: $75 million
• Outlook: Active customer totaled 21.1 million with repeat customers placing 7.3 million orders -- 80.5% of total orders. Average order value increased to $301 compared to $285.

AMAZON
Quarter: Q12025

Highlights:

• Net Sales: $155.67 billion, surpassing expectations., a 9% increase
• North America Net Sales: $92.9 billion, an increase of 8%

• Operating Income: $18.41 billion
• Net Income: Net income increased to $17.1 billion, compared with $10.4 billion

• Outlook: Q2 guidance projected operating income between $13 billion and $17.5 billion, below Wall Street estimates. Reports Business Insider.
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