) are trading higher after reporting a fiscal fourth-quarter earnings beat. On the heels of the report, the furniture company also issued an upbeat sales forecast for its first quarter of 2025 as it looks into expansion to keep up with demand.A lazy boy moving to the upside chairs of just about 18% on the company posting better than expected earnings in the fourth quarter.
Also the fact that they are looking to expand their footprint is relatively significant here in order to capitalize on that demand that they're seeing.But obviously there are some things that investors are looking at within this report and saying, ok, clearly there's some more demand perhaps driven by some of either the new furniture galleries, uh the three additional stores that they're adding on here.
You look at the same comp for the five month period compared to last year sales, furniture stores were higher.Now you compare that to last year, not everybody needed to replenish the same couch or lazy boy or single chair, whatever it was because they had probably already done all of that either when they were purchasing new homes at low interest rates just coming out of or during the pandemic or when they said we were gonna be spending more time at home anyway.
However, they are saying that their execution is the strongest it has ever been including conversion rates at all time. Elon Musk’s multi-billion paycheck just got approved by stockholders. That could be a fraction of what’s coming
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