FBI 2Q Sales up 1.2 percent

July 27, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on July 2006 Furniture Brands International reported second-quarter 2006 sales of $601.3 million, 1.2 percent over the same period last year, and net income of almost $17 million, a big jump over second-quarter 2005’s $9.6 million.

Year-to-date sales of $1.26 billion are slightly ahead of the first half of 2005, while net income of $47.2 million is more than a third above last year’s income through six months.

In a conference call discussing results, Furniture Brands Chairman and CEO Mickey Holliman said Lane had particularly strong business, and that Maitland-Smith was a solid performer in FBI’s high-end HDM division