Ethan Allen reports Q2 adjusted EPS 59c, consensus 61c

Reports Q2 revenue $157.26M, consensus $160.6M. Farooq Kathwari, Ethan Allen’s (ETD) chairman, president and CEO commented, “We are pleased with our performance that saw incremental consumer interest return back to the home amidst a challenging political and economic environment. We are positioned well as a vertically integrated enterprise with 172 retail design centers in North America and more internationally. Our ability to manufacture approximately 75% of our furniture in our own North American facilities is a major advantage. We continue to strengthen various areas of our enterprise, including our talent, product offerings, marketing, retail network, manufacturing, logistics, technology and social responsibility.”