Overview * Flexsteel's fiscal 2026 Q1 net sales rise 6.2% yr/yr, beating analyst expectations * GAAP net income per diluted share for fiscal Q1 increases to $1.31 * Company anticipates short-term impact from new tariffs on imported furniture Outlook * Flexsteel anticipates new tariffs to disrupt consumer demand and industry margins short-term * Company remains optimistic about long-term industry growth despite near-term risks * Flexsteel is financially strong to navigate near-term challenges Result Drivers * PRODUCT OFFERINGS - Strong product offerings and investments in innovation and marketing drove 6.2% sales increase * GROWTH STRATEGY - Growth from core market initiatives and new market efforts in casegoods and health categories * MARGIN EXPANSION - Margin expansion achieved through disciplined product management and operational cost savings Key Details Metric Beat/Mis Actual Consensu s s Estimate Q1 Sales Beat $110.4 $105.38 mln mln (1 Analyst) Q1 Net $7.3 mln Income Q1 Gross 23.5% Margin Analyst Coverage * Wall Street's median 12-month price target for Flexsteel Industries Inc is $47.00, about 18.1% above its October 17 closing price of $38.47 * The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
