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October 31, 2007
Furniture Brands International Reports Financial Results for the Third Quarter of 2007
Executing Strategic Plan and Generating Strong Cash FlowFurniture Brands International (NYSE:FBN) announced today its financial results for the third quarter and nine months ended September 30, 2007.
Operating Results
Net sales for the third quarter of 2007 were $516.3 million compared
with $568.9 million in the third quarter of 2006, a decrease of 9.2%.
The company incurred a net loss of $13.7 million, or $0.28 per diluted
common share, compared with net earnings of $5.8 million, $0.12 per
diluted common share, in the third quarter of last year.
Posted by StaffWriter at October 31, 2007 8:48 AM