Q3 Revenue at $135.8M, Down from $142.7M Last Year
Reports Q3 revenue $135.8M vs. $142.7M last year. Retail segment written orders were flat, while wholesale segment written orders declined 7.6% due to reduced government activity, a slowdown in international business, and macroeconomic challenges. "Our 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 macroeconomic uncertainty," said CEO Farooq Kathwari.
