Ethan Allen’s sales and profit fall but margins hold steady in Q3 - Furniture Today

Ethan Allen’s sales and profit fall but margins hold steady in Q3 - Furniture Today

DANBURY, Conn. — Top 100 retailer Ethan Allen reported a low, single-digit decline in Q3 net sales and a much steeper drop-off in net income. Consolidated net sales dipped 2.5% to $142.7 million for the quarter ended March 31. Wholesale net sales climbed 10.2% to $99 million. That upswing was offset a 4.01% decline in retail net sales, which rang in at $117.6 million. Written orders fell back in both the wholesale segment (down 11.2%) and the re…

Ethan Allen reports 2.5% drop in fiscal Q3 revenue - Home News Now

However, company maintains strong balance sheet, reporting $9.9 million in adjusted net income and $183 million in cash and investments with no outstanding debt DANBURY, Conn. — Retailer and manufacturer Ethan Allen reported a 2.5% drop in sales for its fiscal third quarter ended March 31. Total sales for the quarter were $142.7 million, compared with $146.4 million the same period last year. It reported wholesale net sales of $99 million, compa…