Flooring solutions firm Q.E.P. Q3 net sales fall amid economic pressure
Overview
Company's Q3 net sales fell 3.2% amid economic uncertainty
Q3 net income from continuing operations decreased yr/yr
Company maintained strong balance sheet, returning capital to shareholders
Outlook
Company highlights strong balance sheet amid consumer uncertainty and housing market pressure
Company continues long-term growth plan despite economic challenges
Result Drivers
ECONOMIC UNCERTAINTY - Co attributed decline in net sales to economic uncertainty and high interest rates affecting home improvement spending
TARIFF IMPACT - Recent tariff increases affected gross margin, partially offset by inventory purchased before tariffs
OPERATING EXPENSES - Lower freight costs reduced operating expenses, offset by higher personnel expenses for marketing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| $59.10 mln |
|
Q3 Gross Profit |
| $20.31 mln |
|
Q3 Operating Expenses |
| $15.86 mln |
|
Q3 Operating Income |
| $4.45 mln |
|
Q3 Pretax Profit |
| $4.69 mln |
|
Press Release: ID:nGNXBNtXs
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