Ethan Allen Interiors Inc. (NYSE: ETH) with its worldwide headquarters in Danbury, today reported net sales in the quarter that ended Dec. 31 increased 4.4 percent over the prior year to $191.3 million. The company’s retail division net sales increased 6.1 percent to $151.8 million including comparable design center growth of 4.9 percent.
Excluding special items in both periods, net income for the quarter was $11.4 million or 39 cents per diluted share compared with $8.6 million or 30 cents per diluted share in the prior year period. US GAAP net income for the quarter was $9.8 million or 34 cents per diluted share compared with the prior year of $8.1 million or 28 cents per diluted share.
“We are pleased with our results for the quarter ended December 31, 2012. Despite the challenging economic / political environment and the impact of Hurricane Sandy, our adjusted earnings per share increased 30%," said Farooq Kathwari, Chairman and CEO.