Why Morris Home Furnishing Stores Is Making $2 Million From Selling Furniture and Appliances
Posted On July 3, 2021
Morris Home Appliances and Furniture Sales are growing, and they are also increasing their revenue, according to the company’s CEO, Paul Morris.
The company is looking to capitalize on the growing demand for its products, Morris said in a statement.
In 2016, the company reported net sales of $3.9 billion, an increase of 6.9 percent over the prior year.
In the first quarter of 2017, the sales growth was 16.6 percent over last year’s sales.
Morris said he hopes the company will be able to reach the revenue it had in the first half of 2018, before the hurricanes hit.
Morris also said he believes the company is poised to increase its earnings per share (EPS) in the fourth quarter.
Morris Home is the fifth-largest home furnishing retailer in the United States.
In 2017, it generated revenue of $8.4 billion.