Ethan Allen Q1 sales fall on lower traffic and tariffs; adjusted EPS drops year over year
ETD•Ethan Allen's fiscal first-quarter net sales fell to $129.6 million, below the $135.6 million analyst estimate, and adjusted diluted EPS dropped sharply year over year. The company cited lower design-center traffic, tariffs and a soft housing market as factors affecting results.
1. Quarterly results
Ethan Allen reported fiscal first-quarter net sales of $129.6 million, down year over year and below the $135.6 million consensus estimate from two analysts. Adjusted diluted EPS also dropped sharply from the prior year, though no figure was provided.
2. Factors and outlook
The company said reduced traffic in its retail design centers contributed to declines in written orders and sales, while new tariffs increased costs and pressured gross margins. Lower selling, general and administrative expenses reflected cost controls, reduced headcount and lower marketing costs. Ethan Allen expects higher marketing expenses during the remainder of fiscal 2027.
