Winners And Losers Of Q2: Leggett & Platt (NYSE:LEG) Vs The Rest Of The Home Furnishings Stocks [Yahoo! Finance]
Leggett & Platt, Incorporated (LEG)
Last leggett & platt, incorporated earnings: 2/3 04:20 pm
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Source: Yahoo! Finance
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 slower Q2. As a group, revenues missed analysts' consensus estimates by 1.3% while next quarter's revenue guidance was 3.7% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of
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News
- Three Reasons Why LEG is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
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- Bullish Leggett & Platt Insiders Loaded Up On US$773.4k Of Stock [Yahoo! Finance]Yahoo! Finance
- LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05PR Newswire
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LEG
Earnings
- 10/28/24 - Miss
LEG
Sec Filings
- 11/21/24 - Form S-8
- 11/21/24 - Form S-8
- 11/18/24 - Form 4
- LEG's page on the SEC website