Shares of Ethan Allen Interiors Inc. jumped on a 49% profit gain in the quarter as the furniture maker completed a major product rollout. The company said net income was $10.06 million or 35 cents per share, compared $6.77 million or 23 cents last year. Sales rose 1.4 percent to $187.4 million. Chairman and CEO Farooq Kathwari said retail division orders also remained strong.
Ethan Allen jumps on profit gain
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week