ETD — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-29

• Talent. At March 31, 2026, our employee count totaled 3,105, with 2,158 within our wholesale segment and 947 in our retail segment. Our headcount is down 5.7% compared with a year ago and 39.4% less than at March 31, 2019.

• Fiscal 2026 Third Quarter in Review (1). Our fiscal 2026 third quarter results were impacted by a reduction in business with the U.S. State Department, lower international sales and sluggish demand from a challenging environment for home furnishings, which included weather disruptions and macroecono…

• Consolidated net sales decreased $6.9 million or 4.8% for the three months ended March 31, 2026 compared with the same prior year period. The decrease was driven by fewer contract sales, a decline in delivered unit volume and inclement weather during January and February 2026 combined fewer incoming…

• Wholesale - Wholesale net sales decreased $14.1 million or 14.2% for the three months ended March 31, 2026 due to lower contract sales, including shipments to the U.S. government General Services Administration (“GSA”), fewer international sales and a difficult prior year comparison. The first nine …

• Wholesale written orders, which represent undelivered orders booked through all of our channels, were down 7.6% for the three months ended March 31, 2026 compared to the same prior year period primarily from the decline in contract orders combined with fewer orders from our independent dealers. For …

Text removed vs the prior filing · source: 10-Q · 2026-02-09

• Talent. At December 31, 2025, our employee count totaled 3,149, with 2,177 in our wholesale segment and 972 in our retail segment. We continue to strengthen our teams while at the same time reducing headcount through operational efficiencies and have reduced headcount by 5.1% in the last 12 months a…

• Fiscal 2026 Second Quarter in Review (1). Our fiscal 2026 second quarter results were highlighted by a strong gross margin and robust balance sheet despite a challenging environment. Consolidated net sales were $149.9 million, a 4.7% decrease from the prior year quarter primarily due to fewer contra…

• Additionally, in October 2025, we held our annual convention under the theme of Always Moving Forward. The program honored Ethan Allen’s history, reviewed initiatives in manufacturing, logistics, technology, marketing and retail, and celebrated interior designers both for achievement in written sale…

• Consolidated net sales decreased $7.3 million or 4.7% for the three months ended December 31, 2025 compared with the same prior year period. The decrease during the second quarter was driven by fewer contract sales partially offset by higher average ticket price, incremental designer floor sample sa…

• Wholesale - Wholesale net sales decreased $7.7 million or 8.9% for the three months ended December 31, 2025. The decrease was driven primarily by lower contract sales, including shipments to the U.S. government General Services Administration (“GSA”). International sales represented 1.2% of total wh…

Text added vs the prior filing · source: 10-Q · 2026-04-29

• Continued uncertainty in the global tariff environment remains a market risk. Since the beginning of 2025, the U.S. government has announced several different tariff measures and regimes. On February 20, 2026, the U.S. Supreme Court invalidated certain tariffs imposed under the International Emergen…

• We are exposed to risk with respect to these tariffs assessed on raw materials, component parts, upholstered wooden furniture and finished goods we import into the U.S. We are also subject to risks relating to other changes affecting imports, as we manufacture components and finished goods in Mexico…

• The introduction of additional tariffs by the U.S. and reciprocal tariffs by other countries has led to incremental costs for our raw materials and finished goods and negatively impacted our wholesale and consolidated margins. To help offset the impact of these additional tariffs, we worked with our…

• We are exposed to market risk from changes in the cost of raw materials used in our manufacturing processes, principally wood, fabric and foam products. The cost of foam products, which are petroleum-based, is sensitive to changes in the price of oil. We are also exposed to risk with respect to tran…

Text removed vs the prior filing · source: 10-Q · 2026-02-09

• We are exposed to risk with respect to tariffs assessed on raw materials, component parts, upholstered wooden furniture and finished goods we import into the U.S. We are also subject to risks relating to other changes affecting imports, as we manufacture components and finished goods in Mexico and H…

• The introduction of additional tariffs by the U.S. and reciprocal tariffs by other countries during the 2025 calendar year has led to incremental costs for our raw materials and finished goods and negatively impacted our wholesale and consolidated margins. To help offset the impact of these addition…

• We are exposed to market risk from changes in the cost of raw materials used in our manufacturing processes, principally wood, fabric and foam products. The cost of foam products, which are petroleum-based, is sensitive to changes in the price of oil. We are also exposed to risk with respect to tran…