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Furniture Brands International announced today
it expects first quarter 2004 sales and earnings to be better
than previously expected.
W.G. (Mickey) Holliman, Chairman and Chief
Executive Officer, said, "We have just completed routine on-site
reviews at each of our operating companies. Additionally, we
will be presenting at an analyst conference early next week. In
anticipation of that presentation, it is appropriate for us to
issue an update on our operating results and current
expectations.
"In January, we said order trends had showed
strength at each of our operating companies through the fourth
quarter of 2003 and into January of this year. These trends have
continued through the month of February, and it now appears the
recovery in overall business will continue through the first
quarter. We now expect overall sales growth in the first quarter
to be up in the mid-single digits over sales in the first
quarter of 2003."
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