Oct. 24 at 5:47 PM
$MHK misses on earnings, but beats on sales — what’s the real story? 🤔
Q3 EPS of
$2.67 fell short of the
$2.68 estimate, but net sales hit
$2.8B, up 1.4% year over year on a reported basis. High input costs and weak housing demand weigh on margins, yet cost-saving initiatives and a premium product mix offer growth potential.
Full breakdown here 👉 https://www.zacks.com/stock/news/2776730/mohawk-q3-earnings-miss-revenues-beat-estimates-stock-down?cid=sm-stocktwits-2-2776730-body-17640&ADID=SYND_STOCKTWITS_TWEET_2_2776730_BODY_17640