Short answer
ETHAN ALLEN INTERIORS INC (ETD) filed its fiscal 2026 10-K annual report with the SEC on Sep 3, 2026. It reported revenue of $579M (−5.7% year over year) and net income of $40M.
- Top risk flagged: Regulatory risk: increased U.S. tariffs on imports, ~$15 million annual exposure, impacting costs and margins (U.S. Customs and Border Protection oversight)
FY2026 key financial metrics · XBRL
- Revenue
- $579M
- −5.7% YoY
- Net income
- $40M
- −22.7% YoY
- Operating margin
- 7.8%
- −2.3 pp YoY
- Gross margin
- 61.2%
- +0.7 pp YoY
- EPS (diluted)
- $1.56
- −22.4% YoY
- ROE
- 8.5%
- −2.2 pp YoY
- Operating cash flow
- $52M
- −14.9% YoY
Source: XBRL data from the ETHAN ALLEN INTERIORS INC (ETD) FY2026 10-K on SEC EDGAR. USD.
ETHAN ALLEN INTERIORS INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Vertically integrated luxury home furnishings design, manufacturing, and retail with personalized interior design services
- New emphasis: Opened 4 new tech-enhanced Company-operated design centers in Colorado Springs, Concord (Canada), San Diego, and Vancouver in fiscal 2026
- Strategic shift: Focus on lifestyle centers with tech-driven interior design collaboration and increased customization options
- Quantitative metric: 171 retail design centers in North America (141 Company-operated), 3,062 total employees as of June 30, 2026
- Noteworthy: Received “High Score” sustainability designation by Sustainable Furnishings Council and National Wildlife Federation for wood sourcing policies
Management Discussion & Analysis
- Revenue $579.5M, down 5.7% YoY from $614.6M, due to lower contract sales and unit volume; wholesale sales down 7.9%, retail down 2.3%
- Operating margin 7.8% vs 10.1%; wholesale margin 8.7% vs 13.1%; retail margin 1.3% vs 3.8%; consolidated gross margin improved to 61.2% from 60.5%
- Best performing segment: Wholesale income $28.6M; worst: Retail income $6.7M with declines of 39.0% and 66.3% respectively
- Operating cash flow $52.5M; capital expenditures $11.0M; dividends $46.3M including special dividend; share repurchases 250k shares for $4.8M
- FY2027 capex guided $12-$14M; risks include lower contract sales, tariffs ~$15M annual exposure, macroeconomic uncertainty, and global unrest affecting orders and backlog
Risk Factors
- Regulatory risk: increased U.S. tariffs on imports, ~$15 million annual exposure, impacting costs and margins (U.S. Customs and Border Protection oversight)
- Macroeconomic threat: economic downturn, reduced housing starts, and inflation could lower discretionary buying affecting sales and licensee obligations
- Supply chain vulnerability: reliance on 3 NC and 3 Mexico upholstery plants plus foreign suppliers; disruptions could delay deliveries and increase costs
- Competitive risk: shift to online furniture sales threatens brick-and-mortar design centers; digital-native competitors intensify pressure on margins and market share
- Financial risk: 93 leased retail design centers with $107.7 million right-of-use assets risk impairment if closures occur amid weak real estate markets
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