Tag Archives: Farooq Kathwari

Ethan Allen Doubles Q4 Net; FY Net Rises 32.2 Percent

Ethan Allen

DANBURY, Conn.-Sales gains in both of its divisions and controlled expenses helped Ethan Allen to a 108.5 percent jump in fourth-quarter net income, to $17.1 million. For the fiscal year ending on June 30, the company posted a net-income gain of 32.2 percent to $42.9 million. Net sales in the quarter climbed 9.1 percent toMore »

Ethan Allen Introduces Modern Masters Collection

A Calder lithograph

DANBURY, Conn.–On Sunday, June 1, Ethan Allen will unveil its Modern Masters Collection, an offering of collectible lithographs created by some of the most legendary artists of the 20th century, including Pablo Picasso, Henri Matisse, Georges Braque, Alexander Calder, Salvador Dalí, Marc Chagall, Fernand Léger and Joan Miró, among many others. The collection was originallyMore »

Ethan Allen Q1 Net Down 10.2 Percent

Ethan Allen

DANBURY, Conn.-Declines in sales and gross margin dragged down Ethan Allen’s first-quarter net income by 10.2 percent, to $9 million. Net sales in the quarter, which ended on Sept. 30, were off 3.1 percent, finishing at $181.7 million. Farooq Kathwari, Ethan Allen’s chairman and CEO, attributed the sales drop to lower backlogs at the beginningMore »

Ethan Allen’s Retail Sales Climb 11.4 Percent in Q1

Ethan Allen

DANBURY, Conn.-Written business from Ethan Allen’s retail business rose 11.4 percent in its fiscal first quarter, according to a preliminary statement from the furniture retailer and manufacturer. Farooq Kathwari, the company’s chairman and CEO, said sales for the quarter, which ended on Sept. 30, should total between $180 million and $182 million. Kathwari added thatMore »

Ethan Allen Net Gains in Q4, Falls for Fiscal Year

Ethan Allen

DANBURY, Conn.-Although sales slipped, fourth-quarter net income for Ethan Allen Interiors increased 12.3 percent to $8.2 million. This brought the manufacturer/retailer’s bottom line for the year to $32.5 million, down 34.6 percent from the previous fiscal year. The year’s net-profit results included income-tax expense of $17.7 million, compared to an income-tax benefit of $8.5 millionMore »