Flexsteel Industries, Inc. Provides Sales Guidance for the Third Quarter and Fiscal Year 2022
January 25, 2022 at 09:00 am EST
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Flexsteel Industries, Inc. provided sales guidance for the third quarter and fiscal year 2022. For the quarter, the company expects sales is between $135 million and $145 million, which translates to sales growth between 14% and 22% year-over-year.
For the full fiscal year 2022, the company is still targeting sales growth between 15% to 20%, but achievement of that growth will be dependent on global supply chain conditions and the impact of rising cost inflation in the second half of the fiscal year.
Flexsteel Industries, Inc. is a manufacturer, importer, and marketer of residential furniture products in the United States. The Companyâs furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market. The Companyâs product offerings include a variety of furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force. The Company operates manufacturing facilities located in Dublin, Georgia, and Juarez, Mexico. The Company utilizes various types of wood, fabric, leather, filling material, high carbon spring steel, bar and wire stock, polyurethane foam and other raw materials in manufacturing furniture.
FLEXSTEEL INDUSTRIES, INC. 
