FBI profits rise despite 14.3% sales decline

Thomas, Larry
May 2008
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p30
Trade Publication
The article reports on the sales forecast of the Furniture Brands International Inc. (FBI), which is considered as one of the top residential furniture manufacturers in the U.S. FBI states that despite its sales decline of 14.3% in the first quarter, its profits from continuing operations have increased. The company emphasized that the results which were consistent with a preliminary earnings announcement issued on April 17, 2008 indicate that a restructing plan is having a positive impact.


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