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Stock impact report

Spotting Winners: Somnigroup (NYSE:SGI) And Home Furnishings Stocks In Q4 [Yahoo! Finance]

The Lovesac Company (LOVE) 
Last the lovesac company earnings: 4/16 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition. The 6 home furnishings stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 2.5% while next quarter's revenue guidance was in line. While some home furnishings stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.9% since the latest earnings results. Established through the merger of Tempur-Pedic and Sealy in 2012, Somnigroup (NYSE:SGI) is a bedding manufacturer known for its innovative memory foam Show less Read more
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