DANBURY, Conn. – Vertically built-in dwelling furnishings producer and retailer Ethan Allen Interiors has declared a 75 cents per share particular money dividend to shareholders of report on Aug. 17 payable on Aug. 31.
That’s on prime of a daily quarterly money dividend of 25 cents per share payable on Aug. 31 to shareholders of report on the shut of enterprise on Aug. 17.
“Our enterprise carried out nicely in fiscal 2021. We’ve got a powerful historical past of returning capital to shareholders and are happy to proceed this follow,” mentioned Ethan Allen Chairman, President and CEO Farooq Kathwari in a launch. “As we head into the fiscal 2022 yr, we imagine now we have an excellent alternative to proceed our progress in gross sales and profitability because of our proficient crew, robust retail community, the non-public service of our inside design professionals more and more mixed with know-how, our distinctive vertical integration whereby 75% of merchandise are made in our North American manufacturing workshops, and our robust logistics community of nationwide distribution facilities and retail dwelling supply facilities delivering product with white glove service to our shoppers’ houses.”
Ethan Allen will launch its fiscal 2021 fourth-quarter and full-year monetary outcomes on Aug. 9. The corporate had reported earlier that its fiscal 2021 fourth-quarter retail phase written orders elevated 105% in contrast with the prior yr interval and consolidated web gross sales grew 94.7%.
I am Powell Slaughter, senior editor at Furnishings/Right this moment. I returned to the publication in January 2015 after 9 years of writing about furnishings retail methods and greatest practices at a month-to-month journal specializing in dwelling furnishings retail operations. Previous to that, I spent 10 years with F/T protecting wooden furnishings, the final 5 of these as case items editor. Upon my return to F/T, I developed protection of the logistical and repair elements of the furnishings trade in addition to following the occasional, dwelling workplace and residential leisure classes. In April 2018 I took over the upholstery class, with accountability for protection of the material and leather-based stationary and movement upholstery, recliners and therapeutic massage chair classes.