Publicly traded home retailers experienced modest improvements in their latest financial reports, though overall sales remained weak. Companies such as Home Depot and Lowe's saw small gains in comparable store revenues, with Home Depot reporting a 0.8% increase—its first in eight quarters—while Lowe's saw a 0.2% rise.
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Among furniture retailers, Arhaus reported flat sales, while Ethan Allen saw a slight decline but noted a rise in written orders. Haverty's recorded a 12.5% drop in overall sales, though the losses were less severe than in previous quarters. La-Z-Boy posted a 4% sales increase, with CEO Melinda Whittington stating that the company was focused on 'solving for the unique needs of the consumer'.
RH, a key player in the sector, is set to report earnings on 26 March, with analysts predicting a 12.2% revenue increase. However, uncertainty looms over the industry, as concerns over tariffs, inflation, and a potential recession could impact future performance. Experts warn that these latest results may soon become outdated as economic conditions shift.
Source: www.businessofhome.com