Ethan Allen FY26 GAAP diluted EPS drops 22.4% to $1.56; net sales fall 5.7% to $579.5 million

Ethan Allen posted Q4 GAAP net income of $11.75 million, down 4.2% year over year, as GAAP diluted EPS slipped to $0.46.

Net sales fell 8.5% from a year earlier to $146.75 million. Retail written orders dropped 10.8% and wholesale written orders declined 11.9%.

GAAP operating margin widened 0.3 percentage points to 9.8%, reflecting $5 million of IEEPA tariff refunds that lifted margins by 340 basis points.

For fiscal 2026, GAAP net income declined 22.7% to $39.88 million as net sales slid 5.7% to $579.49 million.

The board declared a $0.25 per share special dividend and a $0.39 regular quarterly dividend, both payable Aug. 26.