Maisons du Monde Q3 Sales Fell 21.5% as Delivery Delays Deepened the Slump

The October 22 results release reported a 21.0% like-for-like decline for the quarter and a 10.9% fall over the first nine months. Management said late deliveries weighed particularly heavily in the second half of Q3, adding a supply constraint to an already difficult trading environment.

Online sales recorded the sharpest channel decline, dropping 30.3% to €42.6 million. The company said its own web business fell 35%, while its marketplace declined 4%. It also cited an adjustment to search-engine advertising spending during the quarter. Store sales fell 18.3% to €133.7 million, or 17.3% on a like-for-like basis.

Furniture sales decreased 22.7% to €80.4 million, compared with a 20.6% decline in decoration to €95.9 million. The group said furniture was more exposed to both product shortages and the lower intensity of promotional activity.

France generated €95.1 million in sales, down 21.1%, while international revenue fell 22.0% to €81.2 million. Management is working with suppliers to improve deliveries through the fourth quarter and expects product availability to return to normal by year-end…