Furniture Brands Int'l (FBN) Post Q2 Loss of $5.15/Share
Tweet
Share
E-mailGet Alerts FBN Hot Sheet
Price: $0.56 --0%
Financial Fact:
Net earnings (loss): -40.82M
Today's EPS Names:
OTLK, EGRX, MOVE, More
Financial Fact:
Net earnings (loss): -40.82M
Today's EPS Names:
OTLK, EGRX, MOVE, More
Join SI Premium – FREE
Furniture Brands Int'l (NYSE: FBN) reported Q2 EPS of ($5.15), which may note compare to the the analyst estimate of ($1.26). Revenue for the quarter came in at $255 million versus the consensus estimate of $256.05 million.
Mr. Ralph Scozzafava, Chairman and CEO stated, "Our financial performance in the second quarter was below our expectations. Continued solid top and bottom line performance of our designer brands and improving sales and order trends at our Thomasville owned retail stores were once again significantly over-shadowed by the challenges we are facing in stabilizing sales and profitability in our wholesale businesses."
Mr. Scozzafava continued, "As a result of the challenges we continue to face, we are conducting a thorough strategic review of our business and have engaged outside advisors to assist us in this effort. The scope of this effort encompasses achieving further cost reductions, pursuing asset sales and modifying our credit facilities in order to improve our liquidity."
For earnings history and earnings-related data on Furniture Brands Int'l (FBN) click here.
Mr. Ralph Scozzafava, Chairman and CEO stated, "Our financial performance in the second quarter was below our expectations. Continued solid top and bottom line performance of our designer brands and improving sales and order trends at our Thomasville owned retail stores were once again significantly over-shadowed by the challenges we are facing in stabilizing sales and profitability in our wholesale businesses."
Mr. Scozzafava continued, "As a result of the challenges we continue to face, we are conducting a thorough strategic review of our business and have engaged outside advisors to assist us in this effort. The scope of this effort encompasses achieving further cost reductions, pursuing asset sales and modifying our credit facilities in order to improve our liquidity."
For earnings history and earnings-related data on Furniture Brands Int'l (FBN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fox upgraded to overweight as Roku deal, ad strength lift outlook
- Instil Bio Inc. (TIL) Misses Q2 EPS by 21c
- Yeti Holdings Inc. (YETI) PT Raised to $45 at Stifel on Beat and Raise Q2 Results
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
