DANBURY, CT, 12 October 2020 (GLOBE NEWSWIRE) – Ethan Allen Interiors Inc. (“Ethan Allen” or the “Society”) (NYSE: ETH) provided several updates on its operations.
Preliminary monetary results
The Company expects the following monetary effects for its first quarter ended September 30, 2020:
Farooq Kathwari, Ethan Allen President, President and CEO said, “Our core concepts remain strong. Written orders and retail order books continue to grow, with significant expansion in our design centers and e-commerce businesses. pre-COVID-19 degrees, we are expanding capacity and production. Our unique vertical structure, where we produce around 75% of what we sell, mainly made in our own North American production facilities, allows us to obtain higher degrees of stock control. We plan to continue with our marketing efforts and we are well placed to grow through our applicable offerings as well as our loose tradition in-house design service combined with white glove home generation and delivery. “
Investor/Media Contact: Matt McNulty Vice President, FinanceIR@ethanallen. com
ABOUT NON-GAAP FINANCIAL MEASURES