Tag Archives: Farooq Kathwari

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 »