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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: Ethan Allen beat the Street in its first quarter. The home furnishings retailer notched profits 57 cents a share, three pennies above census estimates, sales up just over 9 percent. Shares of Ethan Allen mirrored declines overall in the retailing space during the past three months. Joining us "First on CNBC" to go through the numbers is Ethan Allen chairman and CEO, Farooq Kathwari.
Good morning, sir, good to see you again.
FAROOQ KATHWARI, CHMN., PRES. & CEO, ETHAN ALLEN INTERIORS: Good morning. Good to be here.
HAINES: What`s driving business?
KATHWARI: Well, today business is driven mostly by our own internal initiatives, there are lots of uncertainties around. And for us to increase our sales in this environment is due to the fact that in the last three or four years we have repositioned Ethan Allen again. Today, I believe that you have to be the best in what you do. You have to do -- in our case, we have...
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