KB Home's Mixed Q4: Sales Drop, Profits Rise

KB Homes Q4 earnings show mixed results: surpassing revenue expectations but with a 15.3% drop in sales, totaling $1.69 billion. Non-GAAP profit per share increased by 7.4% to $1.92. Despite market reaction and ongoing affordability concerns, KB Home maintains pricing strategy, planning a strategic shift towards more homes to order and new communities, aiming to improve margins and navigate market uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.