Ethan Allen sees first-quarter gains.(Ethan Allen Interiors Inc.'s financial results for first quarter ended Sept. 30, 1996)(Brief Article)
HFN: The Weekly Newspaper for the Home Furnishing Network, September, 1996
DANBURY, Conn.--Ethan Allen Interiors Inc. expects its earnings for the first quarter ended Sept. 30, 1996. to be higher than analysts' expectations and significantly greater than the prior year's first quarter.
The company expects net income of between $7.5 million to $8.0 million, or net income per common share of 52 cents to 55 cents for the quarter. Ethan Allen reported net income of $4.5 million or 31 cents per common share for the year-ago quarter.
"We are encouraged by the continued improvement in sales and manufacturing efficiencies," said M. Farooq Kathwari, chairman and chief executive. "We believe this progress is a result of stronger performance of the dealer-owned and company-owned stores, increased international business volume and higher...
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