ST. LOUIS – Furniture Brands Intl announced financial results for the fourth quarter and full year ended Dec. 31, 2007. According to CNNMoney.com, net sales for the fourth quarter of 2007 were $504.8 million, down 11.9% from $572.8 million in the fourth quarter of 2006. The net loss from continuing operations for the fourth quarter of 2007 was $41.8 million, down from $1.0 million in earnings during the prior year period.
Net sales for the full year of 2007 were $2.1 billion, versus $2.4 billion during the 2006, a decrease of 11.8%. Net loss from continuing operations for fiscal 2007 was $51.2 million, down from $49.9 million of earnings in 2006.
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