The luxury home decor retailer attributes the growth to its exclusive branded collection of luxury home furnishings and it also announces phase one of a new digital portal launching in fall.
The home decor superstore reports net sales of $537.1 million and a comparable store sales increase of 187.3 percent.
Company’s rug sales were severely impacted due to store closures, but sales have rebounded as consumers turned to Mohawk to enhance their homes.
Mohawk Industries, Inc. today announced 2019 fourth quarter net earnings of $265 million and diluted earnings per share of $3.68, including a one-time tax benefit of $136 million.