MSLO Merchandising Posts $7.2 Million Profit in Q3

NEW YORK-Powerful results from home products lifted the merchandising segment of Martha Stewart Living Omnimedia to a third-quarter operating profit of $7.2 million, up 31 percent from the third quarter of a year ago.

The unit recorded a revenue increase of 29 percent, finishing the quarter--which ended on Sept. 30--at $12.3 million. An MSLO statement said sales were strong for the Martha Stewart Collection at Macy's, in particular for textiles and tabletop. The Martha Stewart Living line at Home Depot also performed well, driven by sales of storage and organization products, outdoor furniture, kitchen cabinetry and decor items.

Lisa Gersh, MSLO's president and chief operating officer, said the merchandising unit "continues to produce solid growth, led by our relationships with The Home Depot and Macy's, and supported by a portfolio of trusted and popular brands and attractive product categories."

The merchandising unit was the only MSLO segment to post a profit in the quarter. Overall, the company reported a net loss of $9.7 million, compared with a net loss of $8.6 million in last year's third quarter. Total revenues were $52.2 million, an increase of 5.1 percent.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.