QEP Q2 sales rise on channel expansion, retail initiatives

QEP

15/10/2026 13:23

Overview
Flooring installation solutions maker's fiscal Q2 sales rose 5.9% yr/yr
Gross margin declined due to higher tariff and input costs
Company repurchased $9.2 mln in stock during first six months of fiscal 2027

Outlook
Company does not provide specific guidance for future quarters or the full year

Result Drivers
PROFESSIONAL CHANNEL EXPANSION - Co said sales growth was driven by continued expansion in the professional distribution channel, especially in adhesive products
RETAIL INITIATIVES - Co said successful retail initiatives contributed to sales growth
HIGHER OPERATING EXPENSES - Co said operating expenses increased, excluding tariff refunds, mainly due to higher shipping, general and administrative, and selling and marketing expenses

Company press release: ID:nGNX5JxlW2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$61.05 mln
 
Q2 Gross Profit
 
$20.90 mln
 
Q2 Operating Expenses
 
$13.51 mln
 
Q2 Operating Income
 
$7.39 mln
 
Q2 Pretax Profit
 
$7.90 mln
 

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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.)