Ethan Allen Presenting September 3 at Goldman Sachs Global Retailing Conference and Comments on Current Business
September 02 2008 - 5:16PM
Business Wire
Ethan Allen Interiors Inc. (NYSE: ETH) will be making a
presentation at 1:30 p.m. on September 3rd at the Goldman Sachs
Global Retailing Conference. The presentation and question and
answer session will be available by webcast at
http://ethanallen.com/investors. In anticipation of being asked
about current business trends, Farooq Kathwari, Chairman and CEO
commented: �As has been reported by many retailers of home related
products, we have also experienced substantially lower sales
volumes in July and August than in the prior year. While it is
still too early to predict the final results for the quarter, we
currently estimate our diluted earnings per share to be in the
range of $0.20 to $0.26.� Mr. Kathwari further commented, �During
our presentation we will comment on the many initiatives that we
have taken which have prepared us for this downturn and also
provide us the flexibility to be ready when the economy improves.�
Ethan Allen Interiors Inc. (NYSE: ETH) is an interior design
business providing complimentary design service and one-stop
shopping convenience through a dedicated international network of
295 retail locations, which are referred to as design centers and
design studios. Ethan Allen owns nine manufacturing facilities,
including two saw mills, in the United States and one in Mexico.
This press release should be read in conjunction with the Company's
Annual Report on Form 10-K for the year ended June 30, 2008 and
other reports filed with the Securities and Exchange Commission.
This press release and related discussions contain forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements reflect management's current
expectations concerning future events and results of the Company,
and are subject to various assumptions, risks and uncertainties.
Accordingly, actual future events or results could differ
materially from those contemplated by the forward-looking
statements. The Company assumes no obligation to update or provide
revision to any forward-looking statement at any time for any
reason.
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