HNI Latest Report
1min read Performance of the Quarterly Report
As of December 28, 2024, HNI Corporation's total operating revenue was $642.5 million. Although there is a lack of historical data for comparison, this figure can provide a preliminary reflection of the company's overall revenue status. According to search results, HNI's net sales in the fourth quarter of 2024 were $679.8 million, down 5.5% year-on-year. This indicates a decline in sales, mainly due to weak market conditions.
Key Data in the Financial Report
1. HNI's total operating revenue is $642.5 million, without showing year-on-year changes.
2. Net sales in the fourth quarter of 2024 were $679.8 million, down 5.5% year-on-year.
3. Net sales of workplace furniture decreased by 5.7%, and sales of residential building products decreased by 5%.
4. Despite the decline in sales, the gross margin of workplace furniture increased by nearly 5%, mainly due to cost control and price adjustments.
5. HNI expects further sales decline in the first quarter of 2025.
Peer Comparison
1. Industry-wide analysis: The office furniture industry is transforming towards digital and eco-friendly products, and the overall operating revenue of the market may fluctuate. If HNI can effectively leverage this trend, its operating revenue is expected to grow.
2. Peer evaluation analysis: HNI's operating revenue is $642.5 million, and if the operating revenue of other companies in the same period increases significantly, it may indicate that HNI's relative performance in the market competition is weak; otherwise, it indicates that it performs well in the industry. According to search results, HNI's sales decline is closely related to market weakness, showing challenges in industry competition.
Summary
HNI Corporation's operating revenue performance in the recent quarter is unsatisfactory, down 5.5% year-on-year. Although the company's gross margin has improved, the overall decline in sales reflects weak market conditions. In addition, the company faces intense industry competition and needs to pay attention to market changes to cope with challenges.
Opportunities
1. If HNI can seize the trend of the office furniture industry transforming towards digital and eco-friendly products, it may promote the growth of operating revenue.
2. Further optimizing product mix and sales channels may attract more customers and improve sales performance.
3. Strengthening marketing activities can enhance brand awareness and market share, helping to offset the impact of sales decline.
Risks
1. Weak market conditions may continue to affect HNI's sales performance, especially in the sales of workplace furniture and residential building products.
2. Strong performances by competitors may lead to further loss of market share for HNI.
3. Continued sales decline may affect the company's profitability, especially when the effects of cost control and price adjustments weaken.
