Ethan Allen announces quarterly & fiscal year ended results
26 Jul '07
4 min read
Ethan Allen Interiors Inc reported operating results for the three and twelve months ended June 30, 2007.
Net delivered sales for the quarter ended June 30, 2007 amounted to $258.5 million as compared to $272.0 million in the prior year quarter. Net delivered sales for the Company's Retail division increased 1.7% to $187.5 million.
Wholesale sales decreased 8.5% to $162.8 million during that same period. Comparable Ethan Allen design center delivered sales decreased 5.9% as compared to the prior year quarter.
For the quarter ended June 30, 2007, earnings per share amounted to $0.65 on net income of $20.5 million. This compares to earnings per share and net income of $0.66 and $22.4 million, respectively, in the prior year comparable period.
For the twelve months ended June 30, 2007, net delivered sales totaled $1.005 billion as compared to $1.066 billion in the prior year comparable period. Net delivered sales for the Company's Retail division increased 1.1% to $698.6 million.
Wholesale sales decreased 10.9% to $656.0 million during that same period. Comparable Ethan Allen design center delivered sales decreased 6.3% as compared to the prior year comparable period.
For the twelve months ended June 30, 2007, earnings per share, which includes a previously announced September 2006 restructuring and impairment charge, amounted to $2.15 on net income of $69.2 million. This compares to earnings per share and net income of $2.51 and $85.7 million, respectively, in the prior year comparable period which included a September 2005 restructuring and impairment charge.
Excluding the impact of these charges in both periods, earnings per share amounted to $2.41 on net income of $77.7 million in the current year period as compared to earnings per share and net income of $2.59 and $88.3 million, respectively, in the prior year comparable period.
marketing@alchempro.com
