Retail
conditions remain challenging across the industry and are softer
than expected when we last commented on the business."
Mickey Holliman, Chairman, Furniture Brands International
Holliman continued, “We now expect net sales in the first
quarter to be down nearly 15 percent versus a very strong first
quarter last year. We also expect our net earnings per diluted
common share to be in the 3 to 7 cent range. We will report the
actual results for the first quarter of 2007 on May 2, 2007.”
Furniture Brands International is one of America’s largest
residential furniture companies.
