Printer Friendly

PULASKI FURNITURE REPORTS EARNINGS

 PULASKI FURNITURE REPORTS EARNINGS
 PULASKI, Va., May 8 /PRNewswire/ -- Pulaski Furniture Corporation


(NASDAQ: PLFC), Pulaski, Va., today reported operating results for the first half (24 weeks) of its fiscal year and for the second quarter (12 weeks) ended April 19, 1992, and compared them with the results for the corresponding periods of 1991 as follows:
 PULASKI FURNITURE CORPORATION
 (Dollars in thousands)
 Periods ended 12 weeks 24 weeks
 4/19/92 4/14/91 4/19/92 4/14/91
 Net sales $26,959 $27,689 $55,223 $54,238
 Income before income taxes 344 132 659 1,416
 Net income 235 87 450 932
 Earnings per share $0.08 $0.03 $0.16 $0.33
 Results of operations for the second quarter of 1992 are consistent with those of the first quarter and reflect continuing weakness in demand for household furniture. Lower earnings for the 24-week period ended April 19, 1992, as compared with the corresponding period in 1991 are attributable primarily to decreased production and lower margins resulting from a greater percentage of sales at promotional pricing levels.
 The board of directors at its May 8, 1992, meeting declared a dividend of 13 cents per common share payable on June 15, 1992, to stockholders of record on June 1, 1992.
 -0- 5/8/92
 /CONTACT: Bernard C. Wampler, president of Pulaski Furniture, 703-980-7330/
 (PLFC) CO: Pulaski Furniture Corporation ST: Virginia IN: REA SU: ERN


CK-OS -- NY034 -- 8051 05/08/92 11:23 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 8, 1992
Words:244
Previous Article:INTELLICALL ANNOUNCES RESIGNATION OF DIRECTOR
Next Article:BENCHMARK ELECTRONICS COMPLETES PUBLIC OFFERING
Topics:


Related Articles
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS EARNINGS
PULASKI FURNITURE REPORTS RESULTS, ANNOUNCES THE ELECTION OF THREE DIRECTORS TO CLASS III AND DECLARES DIVIDEND
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS RESULTS
PULASKI FURNITURE REPORTS FIRST QUARTER OPERATING RESULTS
PULASKI FURNITURE CORPORATION REPORTS OPERATING RESULTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters