HNI Furniture Stymied by Inflation, Labor and Supply Chain

Muscatine, IA—Furniture manufacturer HNI Corporation (NYSE: HNI) says despite strong orders, its revenue and profits will be hit by “greater-than-expected capacity constraints” including lack of labor, supply chain snafus, and rising materials costs. In July HNI, which produces furniture under brands including Allsteel, Gunlocke, and Hon, was projecting growth in a 25 percent range. (At […]