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2016-10-18

Ethan Allen Interiors Inc.: Ethan Allen Comments on Business in advance of Investor Meeting and Announces Earnings Release Date for Fiscal 2017 First Quarter

Ethan Allen Comments on Business in advance of Investor Meeting and Announces
Earnings Release Date for Fiscal 2017 First Quarter

DANBURY, CT (October 18, 2016) - Ethan Allen Interiors Inc. ("Ethan Allen" or
the "Company") (NYSE:ETH) commented today, in advance of its Fall Investor
Meeting, on its financial results for the fiscal 2017 first quarter, which
ended on September 30, 2016.

"We look forward to discussing our progress and initiatives at the forthcoming
Investor Meeting," said Farooq Kathwari, Chairman and CEO of Ethan Allen.
"Topics will include the repositioning of our offerings, our expanded
marketing, investments in new Design Centers around the country, investments
in technology, and the launch of the Ethan Allen | Disney magical home
program in November 2016."

He added, "All of these initiatives coupled with a substantial expansion of
our advertising have resulted in increased operating expenses compared to the
prior year first quarter. Our retail comparable written sales increased 8%
during the first quarter. We remain cautiously optimistic."

Based on preliminary financial information, the Company expects to report a
retail comparable delivered sales increase of 5.7%, a consolidated net sales
increase of 1.5% and an adjusted EPS in the range of $0.42 to $0.43, compared
to $0.46 in the same period last year. Adjusted operating expenses for the
quarter are expected to increase by $5.8 million. An advertising increase of
22.3% to $8.1 million, expenses associated with the Ethan Allen | Disney
launch of $0.9 million and incremental new Design Center start-up losses of
$0.9 million resulted in a $0.07 EPS impact.

The Company also announced today that it will release its fiscal 2017 first
quarter financial results after the market closes on Tuesday, October 25,
2016.

The Company's Fall Investor Meeting is scheduled for Wednesday, October 26,
2016 at 9:00 AM ET. You will be able to access a live webcast of the
Investor Meeting from the "Events&Presentations" page
athttp://ethanallen.com/investors. A replay will be archived on the company's
website for at least 60 days. To access the conference call, dial
866-219-5894 (or 703-639-1125 for international callers), and provide
conference ID 1676458.

About Ethan Allen

Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design company
and manufacturer and retailer of quality home furnishings. The company offers
complimentary interior design service to its clients and sells a full range
of furniture products and decorative accessories through ethanallen.com and a
network of approximately 300 Design Centers in the United States and abroad.
Ethan Allen owns and operates nine manufacturing facilities including six
manufacturing plants and one sawmill in the United States plus one plant each
in Mexico and Honduras. Approximately seventy percent of its products are
made in its North American plants. For more information on Ethan Allen's
products and services, visit www.ethanallen.com.

Forward-Looking Information

This press release and any related webcasts, conference calls and other
related discussions should also be read in conjunction with the Company's
Annual Report on Form 10-K for the year ended June 30, 2016 (the "2016 Form
10-K") and other reports filed with the Securities and Exchange Commission.

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), which
represent our management's beliefs and assumptions concerning future events
based on information currently available to us relating to our future
results. Such forward-looking statements are identified in this press release
and in documents incorporated herein by reference by use of forward-looking
words such as "anticipate", "believe", "plan", "estimate", "expect",
"intend", "will", "may", "continue", "project", "target", "outlook",
"forecast", "guidance", and similar expressions and the negatives of such
forward-looking words. These forward-looking statements are subject to
management decisions and various assumptions about future events, and are not
guarantees of future performance. A number of risks and uncertainties could
cause actual results to differ materially from those anticipated in the
forward-looking statements, including, but not limited to: changes in global
or regional political or economic conditions, including changes in
governmental and central bank policies; our ability to secure debt or other
forms of financing; the effect of operating losses on our ability to pay cash
dividends; changes in business conditions in the furniture industry,
including changes in consumer spending patterns, tastes and demand for home
furnishings; competition from overseas manufacturers and domestic retailers
and competitive factors such as changes in products or marketing efforts of
others; effects of our brand awareness and marketing programs, including
changes in demand for our existing and new products; our ability to locate
new design center sites and/or negotiate favorable lease terms for additional
design centers or for the expansion of existing design centers; fluctuations
in interest rates and the cost, availability and quality of raw materials;
pricing pressures; the effects of labor strikes; weather conditions that may
affect sales; volatility in fuel, utility, transportation and security costs;
the potential effects of natural disasters affecting our suppliers or trading
partners; the effects of terrorist attacks or conflicts or wars involving the
United States or its allies or trading partners; and those matters discussed
in "Item 1A - Risk Factors" of our Annual Report on Form 10-K for the year
ended June 30, 2016, and elsewhere in this press release and our SEC filings.
Accordingly, actual circumstances and results could differ materially from
those contemplated by the forward-looking statements.

Given the risks and uncertainties surrounding forward-looking statements, you
should not place undue reliance on these statements. Many of these factors
are beyond our ability to control or predict. Our forward-looking statements
speak only as of the date of this press release. Other than as required by
law, we undertake no obligation to update or revise forward-looking
statements, whether as a result of new information, future events, or
otherwise.

Ethan Allen Interiors Inc.
Investor / Media Contact:
Corey Whitely
Executive Vice President, Administration
Chief Financial Officer and Treasurer
cwhitely@ethanalleninc.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ethan Allen Interiors Inc. via Globenewswire

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