Truist Believes Retail Flooring Business Could Improve in Q4

Charlotte, NC, October 9, 2024-"While most of the commentary is sequentially flattish, as discussed above, we have picked up some interesting trend shift coming from the residential flooring market,” reports Truist. 

“Major industry participants have seen some better retail trends in 3Q24 and we think may see trends sequentially improve in 4Q24. While this comes off very easy comps and does not have a long duration, flooring status as one of the most early cycle products in an early cycle group makes the commentary more interesting.”