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.
Introduction
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Flexsteel Industries: Navigating A Recovering Furniture Market