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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 2003
ETHAN ALLEN INTERIORS INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-11692 06-1275288
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
ETHAN ALLEN DRIVE
DANBURY, CT 06811
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 743-8000
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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INFORMATION TO BE INCLUDED IN REPORT
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
Exhibit Number Description
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99.1 Press Release dated March 27, 2003.
ITEM 9. REGULATION FD DISCLOSURE.
On March 27, 2003, Ethan Allen Interiors Inc. issued a press release
updating its earnings outlook for the fiscal third quarter ended March 31, 2003.
The press release is attached hereto as an exhibit and is hereby incorporated in
its entirety by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ETHAN ALLEN INTERIORS INC.
Date: March 28, 2003 By: /S/ M. FAROOQ KATHWARI
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M. Farooq Kathwari
Chairman, Chief Executive Officer
and Director
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release dated March 27, 2003.
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Exhibit 99.1
For Immediate Release: Contact: Peg Lupton
Ethan Allen Interiors Inc.
(203) 743-8234
ETHAN ALLEN UPDATES OUTLOOK FOR THIRD QUARTER ENDING MARCH 31, 2003
Danbury, CT. March 27, 2003 - Ethan Allen Interiors Inc. (NYSE: ETH) updates
outlook for the third quarter ending March 31, 2003.
As indicated previously, the severe winter weather, weakness in consumer
confidence, and consumer concerns over the war issues have impacted the
company's results this quarter. The company currently expects relatively flat
sales for the third quarter ending March 31, 2003, and earnings per share to be
in the range of $0.51 to $0.53, before the impact of previously announced
charges related to plant consolidations, compared to $0.58 per share in the
prior year quarter.
Chairman and CEO Farooq Kathwari commented, "We are gratified that despite
difficult economic conditions, we have been able to maintain good earnings with
operating margins in the 14% to 15% range. During the next few months, we plan
to introduce two major new product programs. The "Tuscany" program will be
marketed in April, and the Ethan Allen Kids program will be marketed in July.
These two programs will continue to position Ethan Allen as a one-stop shopping
resource reaching a larger consumer base."
The company will be reporting earnings for the quarter on April 22, 2003. The
earnings conference call will be available on the company's "ethanallen.com"
website under the "about us" tab.