ST. LOUIS -- Furniture Brands International (NYSE:FBN) reported that its fiscal 2010 sales are expected to total approximately $1.158 billion.
The company, whose brands include Thomasville, Broyhill, Henredon and others, also announced that it expects net sales for the fourth quarter of 2010 to total approximately $274 million. The company anticipates that financial results for the Q4 will include selected charges totaling between $20 million and $25 million on a pre-tax basis. These select charges include closed store expense, restructuring expenses, factory downtime costs and trade name impairment.
Furniture Brands said it will announce financial results for the fourth quarter and fiscal year ended December 31, 2010 after the close of trading on February 2.
Read Furniture Brands' fourth quarter earnings annoucement.
Posted by Rich Christianson
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