Residential furniture maker Flexsteel's Q1 sales rise on growth in branded products

Flexsteel Industries

26/10/2026 20:18

Overview
US residential furniture maker's fiscal Q1 sales rose 3.2% yr/yr to $114 mln
Diluted EPS for fiscal Q1 fell to $1.24 from $1.31 a year earlier
Company repurchased $2.2 mln in shares during the quarter

Outlook
Flexsteel expects Q2 sales of $119.5 mln to $123.0 mln, up 1% to 4% year over year
Company forecasts Q2 operating margin of 6.5% to 7.0%
Company expects operating environment to remain challenging due to consumer confidence and cost pressures

Result Drivers
BRANDED PRODUCT GROWTH - Sales growth was driven by a 5.1% increase in Flexsteel branded products, offsetting declines in the Homestyles category
COST PRESSURES - Margins were negatively affected by higher ocean transportation rates, increased fuel and material costs, and unfavorable foreign currency translation
STRATEGIC INITIATIVES - New product introductions, account share gains, and expansion in health and wellness categories contributed to sales and order growth

Company press release: ID:nBwK3DxKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$113.97 mln
$112.70 mln (2 Analysts)
Q1 EPS
 
$1.24
 
Q1 Net Income
 
$5.42 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the home furnishings peer group is "hold"
Wall Street's median 12-month price target for Flexsteel Industries Inc is $82.50, about 2% below its October 23 closing price of $84.18
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)