St. Louis, MO, December 7, 2006--Furniture Brands International forecast a fourth-quarter loss, compared with a prior profit view, citing aggressive discounting on slow-moving products and downtime in several domestic manufacturing facilities.
The residential furniture company said it now expects fourth-quarter loss of 6 cents to 2 cents a share compared with a profit view of 11 cents to 15 cents earlier.
The outlook includes 6 cents per share related to restructuring, asset impairment and severance charges and 3 cents related to increased interest expense.
