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Ethan Allen Interiors: Ethan Allen Reports Record Written Orders For Month Of October 2015 [LOGO]

The following excerpt is from the company's SEC filing.

DANBURY, CT, November 2, 2015 (GLOBE NEWSWIRE) - Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETH) today announced in advance of investor meetings this week, that it has received record written orders for the month of October 2015 that exceed any prior month of October.

For the Company's Retail Division, total written orders for the month of October increased 33.9% and comparable written orders increased 32.3% compared to the previous year October.

The increase reflects the strength of the Ethan Allen interior design network, impact of new products and the previously announced sh ifts to the marketing calendar, as discussed in the Company’s fiscal first quarter 2016 earnings press release, which resulted in shifting timing of written orders to the fourth quarter of fiscal 2015 and to the second quarter of fiscal 2016.

"The substantial increase of our record written business this October compared to a strong October last year demonstrates the strength of our unique network of about 1,500 in-house interior design associates operating from our 200 Design centers in North America, of which 144 are operated by the Company. We expect to continue our progress in the remaining months of our fiscal second quarter and also in the third and fourth quarters of fiscal 2016 due to the implementation of many initiatives including aggressive introductions of new products and expanded marketing," said Farooq Kathwari, Chairman, President and CEO of Ethan Allen.

“We are in the midst of a substantial transformation that is leveraging our unique, vertically integrated structure, while repositioning Ethan Allen’s offerings, interior design network, manufacturing and logistics. We believe these initiatives are positioning the Company for both near and long-term growth and success and to continue creating value...


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