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HNI sales dip in Q4; expects lower sales in Q1 - Furniture Today

Summary by Furniture Today

MUSCATINE, Iowa — Office furniture giant HNI reported $679.8 million in fourth quarter net sales, a 5.5% decline from last year. The company attributed the decline to soft market conditions in both of its divisions: workplace furnishings and residential building products. Workplace furnishings net sales fell 5.7% for the quarter to $462.9 million, while residential building product sales fell 5% to $179.6 million. Margin climbed nearly 5% in wor…

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Furniture Today

HNI sales dip in Q4; expects lower sales in Q1 - Furniture Today

MUSCATINE, Iowa — Office furniture giant HNI reported $679.8 million in fourth quarter net sales, a 5.5% decline from last year. The company attributed the decline to soft market conditions in both of its divisions: workplace furnishings and residential building products. Workplace furnishings net sales fell 5.7% for the quarter to $462.9 million, while residential building product sales fell 5% to $179.6 million. Margin climbed nearly 5% in wor…

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Furniture Today broke the news in 3 days ago on Thursday, February 20, 2025.

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