Item 7.01 Regulation FD Disclosure
In advance of investor meetings,
The Company's Retail segment written orders have continued to accelerate during
the period with its written orders reflecting a 10% increase for the two-month
quarter-to-date period ending
The Company expects its Wholesale segment orders, while benefitting from the strong retail growth, will be negatively impacted by the timing of GSA and other government orders due to COVID-19 pandemic related disruptions that are delaying issuance of new orders. The delayed orders are expected to be issued in the coming months.
Wholesale segment orders from the Company's
Ethan Allen produces about 75% of what it sells in its own North American manufacturing plants. Production levels throughout its manufacturing have increased steadily during the quarter and are returning back to pre-COVID-19 pandemic levels. The Company believes this increase in production will reduce the high undelivered order backlogs and reduce delivery lead-times in the near term.
The Company expects to report its fiscal 2021 first quarter results in late October and will update the investment community with more details on its quarterly results at that time.
Forward-Looking Information. Certain statements in this announcement contain
forward-looking statements, which represent management's beliefs concerning
future events based on information currently available to the Company. These
statements provide information that is intended to be considered in the context
of information included in the Company's filings with the
The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be "incorporated by reference" into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
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