Natuzzi SPA (NTZ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Natuzzi S.p.A. reported a slight increase in sales for the second quarter of 2024, highlighting their strategic shift towards branded retail, with growth in the U.S. market and the opening of new stores in China and the U.S. Despite challenging market conditions, the company achieved a gross margin of 38.1%, the highest since 2010, and continued its efforts in retail expansion and restructuring. The company also approved the sale of a building in North Carolina to support its long-term goals.
For further insights into NTZ stock, check out TipRanks’ Stock Analysis page.
