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Ethan Allen Interiors Expects Consolidated Net Sales For Quarter Of $181.3 Mln, A Slight Increase Over Prior Year Period


Friday, 6 Apr 2018 

April 6 (Reuters) - Ethan Allen Interiors Inc ::EXPECTS CONSOLIDATED NET SALES FOR QUARTER OF $181.3 MILLION, A SLIGHT INCREASE OVER PRIOR YEAR PERIOD.DURING Q3, RETAIL DIVISION WRITTEN ORDERS INCREASED 2.6% WITH "STRONG ACCELERATION" IN MARCH INCREASING 6.9% OVER PRIOR YEAR.DURING Q3, WHOLESALE ORDERS INCREASED BY 14%, HELPED BY STRONG ORDERS FROM U.S. GOVERNMENT.WHOLESALE SHIPMENTS INCREASED BY 7.2% TO $118.8 MILLION FOR QUARTER ENDED MARCH 31, 2018.ALSO IMPLEMENTED A PRICE INCREASE AS OF APRIL 1.‍GROSS MARGINS FOR Q3 EXPECTED TO BE LOWER DUE TO HIGHER MIX OF WHOLESALE TO RETAIL AND INCREASES IN RAW MATERIAL COSTS.Q3 REVENUE VIEW $188.0 MILLION -- THOMSON REUTERS I/B/E/S.‍OPERATING EXPENSES IN Q3 EXPECTED TO BE HIGHER DUE TO INCREASE IN MARKETING EXPENDITURES​. 

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