Amid a still choppy home furnishings industry backdrop, we think FLXS continued to outperform many of its peers during the June quarter as we estimate that sales increased 0.9% year over year to $111.8 million. Adjusting for certain one-time items, we estimate that 4Q:F25 EPS increased 12% year over year to $0.84. With continued uncertainties in the economy amid a weak housing market, along with the fact that Flexsteel is facing its most difficult sales comparison of F2026 in the current September quarter, we pare our sales and EPS forecasts for 1Q:F26. Otherwise, we maintain our EPS forecasts for 2Q:F26-F2027 as we expect FLXS to further increase sales and return to profit growth by 4Q:F26. Our moderate risk rating factors in the company's earnings growth prospects, solid balance sheet, and ample free cash flow.