FLXS' first-quarter fiscal 2025 performance is expected to have benefited from investments in innovation, product development, customer experience and cost-saving initiatives.
Investors interested in Furniture stocks are likely familiar with Flexsteel Industries (FLXS) and SharkNinja, Inc. (SN). But which of these two stocks presents investors with the better value opportunity right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Flexsteel to enhance retail engagement and streamline product management with 3D Cloud integration.
Flexsteel (FLXS) consistently shares its cash flows with shareholders and maintains a strong financial position.
Flexsteel's 4Q24 results showed mid-single-digit topline growth and modest gross margin improvements, aligning with expectations and leveraging operating margins. Despite new management's growth initiatives, SG&A improvements are needed for better operating margins, and the stock price already reflects most upside potential. FY25 guidance remains steady with 2-6% sales growth and 6% operating margins, but muted growth expectations limit the stock's attractiveness.
Flexsteel's (FLXS) fourth-quarter fiscal 2024 results reflect growth in home furnishings sales through retail stores.
Flexsteel Industries, Inc. (NASDAQ:FLXS ) Q4 2024 Results Conference Call August 20, 2024 9:00 AM ET Company Participants Mike Ressler - CFO Derek Schmidt - President and CEO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Operator Good day. And welcome to the Fourth Quarter Fiscal Year 2024 Earnings Results Conference Call [Operator Instructions].
Flexsteel Industries (FLXS) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.36 per share a year ago.
Flexsteel's (FLXS) fourth-quarter fiscal 2024 performance is expected to have benefited from the implementation of freight surcharges on its products.
Flexsteel has now demonstrated the company's successful turnaround efforts as sales and margins continue to expand. FLXS is closing its Georgia plant to improve operations, creating an opportunity for one-off sale proceeds and cost savings of $4.0-4.5 million. The furnishings industry has persisted extremely challenging for most companies, but FLXS sees no impact as revenues continue to grow against the tough market.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.