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Stock impact report

Q4 Earnings Outperformers: Leggett & Platt (NYSE:LEG) And The Rest Of The Home Furnishings Stocks [Yahoo! Finance]

Leggett & Platt, Incorporated (LEG) 
Last leggett & platt, incorporated earnings: 2/3 04:20 pm Check Earnings Report
US:NYSE Investor Relations: leggett.com
Company Research Source: Yahoo! Finance
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Leggett & Platt (NYSE:LEG) and the best and worst performers in the home furnishings industry. 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 5 home furnishings stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 0.5% below. Amidst this news, share prices of the companies have had a rough stretch. On av Show less Read more
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