Leading maker and seller of quality home furnishings, Ethan Allen Interiors Inc reported sales and earnings for the three and nine months ended March 31, 2006.
Three and Nine Month Results
Net delivered sales for the quarter ended March 31, 2006 increased 15.5 percent to $267.1 million from $231.2 million in the prior year quarter. Net delivered sales for the Company's Retail division increased 22.6 percent to $168.2 million, while Wholesale sales increased 13.9 percent to $192.2 million during that same period. Comparable Ethan Allen store delivered sales increased 15.2 percent over the prior year quarter. During that same period, Retail division written sales increased 19.5 percent while comparable store written sales increased 12.3 percent.
For the nine months ended March 31, 2006, net delivered sales increased 12.4 percent to $794.4 million from $706.8 million in the prior year comparable period. Net delivered sales for the Company's Retail division increased 16.5 percent to $506.6 million, while Wholesale sales increased 13.6 percent to $558.2 million during that same period. Comparable Ethan Allen store delivered sales increased 12.2 percent over the prior year comparable period. During that same period, Retail division written sales increased 16.1 percent while comparable store written sales increased 11.4 percent.
For the quarter ended March 31, 2006, earnings per share increased 18.0 percent to $0.59 on net income of $20.0 million. Thiscompares to earnings per share and net income of $0.50 and $17.9 million, respectively, in the prior year comparable period.
Ethan Allen Interiors Inc
marketing@alchempro.com
