As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at home furnishings stocks, starting with Tempur Sealy (NYSE:TPX).

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 weak Q4; on average, revenues missed analyst consensus estimates by 1.5%, while next quarter's revenue guidance was 11.4% below consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, though the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, and home furnishings stocks have had a rough stretch, with share prices down 11.7% on average since the previous earnings results.

Tempur Sealy (NYSE:TPX)

Established through the merger of Tempur-Pedic and Sealy in 2012, Tempur Sealy (NYSE:TPX) is a bedding manufacturer known for its innovative memory foam mattresses and sleep products

Tempur Sealy reported revenues of $1.17 billion, down 1.4% year on year, falling short of analyst expectations by 0.4%. It was a weak quarter for the company, with a miss of analysts' operating margin estimates.

Company Chairman and CEO Scott Thompson commented, "We are pleased with our fourth quarter and full year 2023 financial performance, especially in light of the soft demand within the bedding category. We believe the Company outperformed the category. Our competitive advantages of developing and marketing differentiated products through consumer-centric innovation; world-class manufacturing capabilities; successful omni-distribution platform; and vertical integration enabled the Company to deliver solid financial results. The Company is uniquely positioned to realize significant sales growth once the bedding category returns to growth."

The stock is down 1.9% since the results and currently trades at $50.34.

Read our full report on Tempur Sealy here, it's free.

Best Q4: Mohawk Industries (NYSE:MHK)

Established in 1878, Mohawk Industries (NYSE:MHK) is a leading producer of floor-covering products for both residential and commercial applications.

Mohawk Industries reported revenues of $2.61 billion, down 1.4% year on year, outperforming analyst expectations by 1.8%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates but a miss of analysts' organic revenue estimates.

Mohawk Industries delivered the biggest analyst estimates beat among its peers. The stock is up 3.2% since the results and currently trades at $113.17.

Is now the time to buy Mohawk Industries? Access our full analysis of the earnings results here, it's free.

Weakest Q4: La-Z-Boy (NYSE:LZB)

The prized possession of every mancave, La-Z-Boy (NYSE:LZB) is a furniture company specializing in recliners, sofas, and seats.

La-Z-Boy reported revenues of $500.4 million, down 12.6% year on year, falling short of analyst expectations by 4.3%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.

La-Z-Boy had the slowest revenue growth in the group. The stock is down 10% since the results and currently trades at $33.97.

Read our full analysis of La-Z-Boy's results here.

Lovesac (NASDAQ:LOVE)

Known for its oversized, premium beanbags, Lovesac (NASDAQ:LOVE) is a specialty furniture brand selling modular furniture.

Lovesac reported revenues of $250.5 million, up 5% year on year, falling short of analyst expectations by 5.6%. It was a weak quarter for the company: Revenue and EPS both missed. Guidance wasn't much better. Next quarter's revenue and EPS guidance, as well as the full year outlook for revenue and EPS, missed expectations.

Lovesac delivered the fastest revenue growth but had the weakest performance against analyst estimates and weakest performance against analyst estimates among its peers. The stock is down 17.1% since the results and currently trades at $19.33.

Read our full, actionable report on Lovesac here, it's free.

Leggett & Platt (NYSE:LEG)

Founded in 1883, Leggett & Platt (NYSE:LEG) is a diversified manufacturer making products for various industries.

Leggett & Platt reported revenues of $1.12 billion, down 6.7% year on year, in line with analyst expectations. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

Leggett & Platt achieved the highest full-year guidance raise among its peers. The stock is down 23% since the results and currently trades at $17.92.

Read our full, actionable report on Leggett & Platt here, it's free.

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