ETHAN ALLEN COMMENTS ON CURRENT ORDER TRENDS
February 25 2019 - 9:49AM
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DANBURY, CT -
February 25, 2019 - Ethan Allen Interiors Inc. ("Ethan Allen"
or the "Company") (NYSE: ETH) commented today, in advance of its
investor meeting, on positive written order trends for the
quarter-to-date period through President's Day which reflects an
increase of 5% compared to the comparable prior year period.
About Ethan
Allen
Ethan Allen Interiors Inc. (NYSE:
ETH) is a leading interior design company and manufacturer and
retailer of quality home furnishings. The company offers
complimentary interior design service to its clients and sells a
full range of furniture products and decorative accessories through
ethanallen.com and a network of approximately 300 Design Centers in
the United States and abroad. Ethan Allen owns and operates nine
manufacturing facilities including six manufacturing plants and one
sawmill in the United States plus one plant each in Mexico and
Honduras. Approximately 75% of its products are made in its North
American plants. For more information on Ethan Allen's products and
services, visit ethanallen.com.
Investor Relations Contact
Corey Whitely
Executive Vice President, Administration
Chief Financial Officer and Treasurer
IR@ethanallen.com
Forward-Looking
Information
This press release and any related
webcasts, conference calls and other related discussions should
also be read in conjunction with the Company's Annual Report on
Form 10-K for the year ended June 30, 2018 and other reports filed
with the Securities and Exchange Commission.
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
which represent our management's beliefs and assumptions concerning
future events based on information currently available to us
relating to our future results. Such forward-looking statements are
identified in this press release and any related webcasts,
conference calls and other related discussions or documents
incorporated herein by reference by use of forward-looking words
such as "anticipate", "believe", "plan", "estimate", "expect",
"intend", "will", "may", "continue", "project", "target",
"outlook", "forecast", "guidance", and similar expressions and the
negatives of such forward-looking words. These forward-looking
statements are subject to management decisions and various
assumptions about future events, and are not guarantees of future
performance. Actual results could differ materially from those
anticipated in the forward-looking statements due to a number of
risks and uncertainties including, but not limited to: competition
from overseas manufacturers and domestic retailers; our
anticipating or responding to changes in consumer tastes and trends
in a timely manner; our ability to maintain and enhance our brand,
marketing and advertising efforts and pricing strategies; changes
in global and local economic conditions that may adversely affect
consumer demand and spending, our manufacturing operations or
sources of merchandise and international operations; changes in
U.S. policy related to imported merchandise; an economic downturn;
potentially negative or unexpected tax consequences of changes to
fiscal and tax policies; our limited number of manufacturing and
logistics sites; fluctuations in the price, availability and
quality of raw materials; environmental, health and safety
requirements; product safety concerns; disruptions to our
technology infrastructure (including cyber-attacks); increasing
labor costs, competitive labor markets and our continued ability to
retain high-quality personnel and risks of work stoppages; loss of
key personnel; our ability to obtain sufficient external funding to
finance our operations and growth; access to consumer credit; the
effect of operating losses on our ability to pay cash dividends;
additional impairment charges that could reduce our profitability;
our ability to locate new design center sites and/or negotiate
favorable lease terms for additional design centers or for the
expansion of existing design centers; results of operations for any
quarter are not necessarily indicative of our results of operations
for a full year; possible failure to protect our intellectual
property; and those matters discussed in "Item 1A - Risk Factors"
of our Annual Report on Form 10-K for the year ended June 30, 2018,
and elsewhere in this press release and our SEC filings.
Accordingly, actual circumstances and results could differ
materially from those contemplated by the forward-looking
statements.
Given the risks and uncertainties
surrounding forward-looking statements, you should not place undue
reliance on these statements. Many of these factors are beyond our
ability to control or predict. Our forward-looking statements speak
only as of the date of this press release. Other than as required
by law, we undertake no obligation to update or revise
forward-looking statements, whether as a result of new information,
future events, or otherwise.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ethan Allen Interiors Inc. via Globenewswire
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