Flexsteel Industries: Navigating A Recovering Furniture Market [Seeking Alpha]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Seeking Alpha
The furniture industry experienced a tough year in 2023, with most companies seeing sales decreases or flat revenue. While there are signs of potential recovery in 2024, the highly competitive nature of the industry and Flexsteel's historical underperformance raise concerns about its future prospects. Introduction Flexsteel Industries ( NASDAQ: FLXS ), a household name in furniture, might be facing some bumpy roads. While the furniture industry shows signs of recovery in 2024 with falling interest rates and better inventory management, Flexsteel has some hurdles to overcome. They've been battling lower profit margins than competitors and haven't kept pace with the overall market growth. Finally, I believe Flexsteel is a ‘Hold,' and investors should be better off looking for other opportunities outside the furniture manufacturing industry. Business Overview Flexsteel Industries , Inc. is a leading US manufacturer, marketer, and importer of residential furniture. It designs,
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FLXS
News
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Flexsteel Industries, Inc. to Announce Third Quarter 2024 Results on April 29 [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Announce Third Quarter 2024 Results on April 29Business Wire
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Strength Seen in Flexsteel (FLXS): Can Its 6.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
FLXS
Earnings
- 2/5/24 - In-Line
FLXS
Analyst Actions
- 2/6/24 - TheStreet
FLXS
Sec Filings
- 4/18/24 - Form 8-K
- 3/11/24 - Form 4
- 3/11/24 - Form 4
- FLXS's page on the SEC website