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ETD - Flexsteel Industries: Navigating A Recovering Furniture Market
Ethan Allen Interiors Inc.
2024-03-25 12:46:03 ET
Summary
Flexsteel Industries has been struggling with lower profit margins and has not kept pace with overall market growth in the furniture industry.
The furniture industry experienced a tough year in 2023, with most companies seeing sales decreases or flat revenue.
While there are signs of potential recovery in 2024, the highly competitive nature of the industry and Flexsteel's historical underperformance raise concerns about its future prospects.