Furniture Brands Lowers 3Q Guidance
The maker of furniture brands that include Broyhill, Henredon and Drexel Heritage said it expected to post a third-quarter net loss of $0.19 to $0.23 per share, with sales falling about 12%.
Excluding $0.22 per share in restructuring, asset impairment and severance charges, the results will range from a loss of $0.01 per share to a profit of $0.03.
In August, Furniture Brands had forecast a loss of $0.15 to $0.19 per share, or an adjusted profit of $0.02 to $0.06 cents, excluding items.