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Stock impact report

EACO Corporation Reports Record Annual & Quarterly Net Sales and Record Quarter Net Income [Yahoo! Finance]

EACO CORP (EACO) 
Company Research Source: Yahoo! Finance
The company's net income for the same period was $15,007, which is a 29.2% decrease from the prior year. (Source: EACO Corporation's press release, November 21, 2024) The decrease in net income for the fiscal year ended August 31, 2024, was due to extraordinary items, including a $7.6 million accrual expense related to an employee class action settlement agreement and a $3.9 million impairment loss related to the termination of a lease. (Source: EACO Corporation's press release, November 21, 2024) EACO Corporation's sales force has increased by 33 sales employees, or 8%, from the prior year quarter, and the company had 111 sales focus teams (SFTs) as of August 31, 2024, an increase of 4 from the prior year quarter. The company believes it continues to gain market share through its local presence business model. (Source: EACO Corporation's press release, November 21, 2024) EACO Corporation anticipates continued growth in both its headcount and SFTs in fiscal year 2025. However, t Show less Read more
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