Somnigroup International Inc. Common Stock (SGI)

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the home furnishings stocks, including La-Z-Boy (NYSE:LZB) and its peers.

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.

Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities. However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.

Bedding manufacturer Somnigroup (NYSE:SGI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.2% year on year to $1.21 billion. Its non-GAAP profit of $0.60 per share was 6.4% above analysts’ consensus estimates.