L&P 3Q sales dip 3.1%

October 2007
Furniture/Today;10/22/2007, Vol. 32 Issue 7, p38
Trade Publication
The article reports that the 2007 third-quarter sales of furniture components giant Leggett & Platt Inc. dropped 3.1% to $1.3 billion, while earnings declined 21.8% to $65.7 million. In the said quarter, same-store sales plummeted 5% from the previous year, partly offset by a 2% net hike in revenue from acquisitions. In the residential furnishings sector, third-quarter sales from continuing operations dropped by 7.1% from the previous year to $621.2 million.


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