Ethan Allen Q2 Earnings Drop 13%

DANBURY, CT – Ethan Allen Interiors Inc. reported net earnings of $22.8 million on sales of $257.4 million for its second quarter ending Dec. 31, 2006. This compares to $26.8 million in net earnings on $276.0 million in sales for the same quarter in 2005. Despite a 13% decline in net earnings, Farooq Kathwari, Ethan Allen's chairman and CEO, said, "We saw positive trends in comparable written sales during the month of December. We also recognize that the home furnishings retail environment, as a whole, remains uncertain."

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