QEP Q2 sales rise on channel expansion, retail initiatives

By Reuters News


Overview

  • Flooring installation solutions maker's fiscal Q2 sales rose 5.9% yr/yr

  • Gross margin declined due to higher tariff and input costs

  • Company repurchased $9.2 mln in stock during first six months of fiscal 2027


Outlook

  • Company does not provide specific guidance for future quarters or the full year


Result Drivers

  • PROFESSIONAL CHANNEL EXPANSION - Co said sales growth was driven by continued expansion in the professional distribution channel, especially in adhesive products

  • RETAIL INITIATIVES - Co said successful retail initiatives contributed to sales growth

  • HIGHER OPERATING EXPENSES - Co said operating expenses increased, excluding tariff refunds, mainly due to higher shipping, general and administrative, and selling and marketing expenses


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

$61.05 mln

Q2 Gross Profit

$20.90 mln

Q2 Operating Expenses

$13.51 mln

Q2 Operating Income

$7.39 mln

Q2 Pretax Profit

$7.90 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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