https://jsacs.com/wp-content/uploads/2022/12/download-6.png 225 225 jsa https://jsacs.com/wp-content/uploads/2018/03/logo-1.png jsa2023-05-02 03:05:452023-05-19 03:18:00Facing macroeconomic headwinds, Flexsteel sales decline 29.5% from prior year quarter
Facing macroeconomic headwinds, Flexsteel sales decline 29.5% from prior year quarter
2 May, 2023
DUBUQUE, Iowa – Flexsteel Inds. reported third quarter fiscal year 2023 financial results that showed net sales decreased 29.5% to $99.1 million compared with $140.4 million in the prior year quarter, in line with guidance provided previously.
“Despite the market challenges, we delivered net sales for the third quarter of $99.1 million, representing sequential quarter-over-quarter growth of 6.4% compared with the second quarter of this year,” said Jerry Dittmer, CEO.
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