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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
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  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Q4 Home Furnishings Earnings: Purple (NASDAQ:PRPL) Earns Top Marks

PRPL Cover Image

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how home furnishings stocks fared in Q4, starting with Purple (NASDAQ: PRPL).

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.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.5% since the latest earnings results.

Best Q4: Purple (NASDAQ: PRPL)

Founded by two brothers, Purple (NASDAQ: PRPL) creates sleep and home comfort products such as mattresses, pillows, and bedding accessories.

Purple reported revenues of $129 million, down 11.6% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a solid beat of analysts’ EBITDA estimates.

"Purple achieved a significant milestone in the fourth quarter, returning to positive Adjusted EBITDA for the first time in eight quarters and generating positive cash flow," said CEO Rob DeMartini.

Purple Total Revenue

Purple delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update of the whole group. The stock is down 3.2% since reporting and currently trades at $0.64.

Is now the time to buy Purple? Access our full analysis of the earnings results here, it’s free.

Mohawk Industries (NYSE: MHK)

Established in 1878, Mohawk Industries (NYSE: MHK) is a leading producer of floor-covering products for both residential and commercial applications.

Mohawk Industries reported revenues of $2.64 billion, flat year on year, outperforming analysts’ expectations by 4.1%. The business performed better than its peers, but it was unfortunately a mixed quarter with an impressive beat of analysts’ organic revenue estimates.

Mohawk Industries Total Revenue

The stock is down 14.8% since reporting. It currently trades at $103.90.

Is now the time to buy Mohawk Industries? Access our full analysis of the earnings results here, it’s free.

Leggett & Platt (NYSE: LEG)

Founded in 1883, Leggett & Platt (NYSE: LEG) is a diversified manufacturer of products and components for various industries.

Leggett & Platt reported revenues of $1.06 billion, down 5.3% year on year, exceeding analysts’ expectations by 2.8%. Still, it was a slower quarter as it posted full-year revenue guidance missing analysts’ expectations.

As expected, the stock is down 32.4% since the results and currently trades at $6.76.

Read our full analysis of Leggett & Platt’s results here.

Lovesac (NASDAQ: LOVE)

Known for its oversized, premium beanbags, Lovesac (NASDAQ: LOVE) is a specialty furniture brand selling modular furniture.

Lovesac reported revenues of $241.5 million, down 3.6% year on year. This print topped analysts’ expectations by 4.9%. It was an exceptional quarter as it also produced EBITDA guidance for next quarter exceeding analysts’ expectations.

Lovesac delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 20.7% since reporting and currently trades at $19.20.

Read our full, actionable report on Lovesac here, it’s free.

Somnigroup (NYSE: SGI)

Established through the merger of Tempur-Pedic and Sealy in 2012, Somnigroup (NYSE: SGI) is a bedding manufacturer known for its innovative memory foam mattresses and sleep products

Somnigroup reported revenues of $1.21 billion, up 3.2% year on year. This number beat analysts’ expectations by 1.9%. Taking a step back, it was a slower quarter as it produced a significant miss of analysts’ EPS estimates.

The stock is down 12.2% since reporting and currently trades at $58.49.

Read our full, actionable report on Somnigroup here, it’s free.

Market Update

Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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