Ethan Allen posts 10.6% gain in Q3
August 16, 2011 | 4:43 am UTC
DANBURY, CT -- Ethan Allen Interiors Inc. (NYSE:ETH) posted a 10.6% sales increase for its third quarter ended March 31.

Farooq Kathwari, chairman, president and CEO, said, "We are pleased with our progress which has given us the opportunity to increase the dividend to our shareholders. Our delivered sales increased in the quarter 10.6%, and excluding special items, we had net income per share of $0.07 compared to a loss of $0.05 in the previous year quarter. We have continued to invest in marketing and in adding qualified associates, particularly in our retail operations."
Net sales for Q3 were $162.8 million. For the nine months ended March 31,  net sales were $501.0 million, up 17.4% from the prior year comparable period. Net income year to date was $22.1 million. 

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