Quick Take: What's Furniture Brands' Game?

Recs

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Is there method to Furniture Brands' (NYSE: FBN) madness?

Earlier this week, the company behind such famed furniture brands (see where the name comes from?) as Thomasville and Broyhill warned that its sales will decline 12% year over year in Q3, and that $0.22 in restructuring and other costs would net it a loss of somewhere between $0.19 and $0.23. But if you recall, the company issued similarly dire warnings just before releasing its Q2 numbers last month -- numbers that turned out to be a heck of a lot better than we were led to believe.

Also meanwhile, Furniture Brands rival, Hooker Furniture (Nasdaq: HOFT), just reported better-than-expected numbers. Does this suggest that FBN may be lowballing the analysts in hopes of exceeding expectations next month? Don't miss our "Foolish Forecast," which will run a few days before the release, where we'll digest all the most recent news and make a best guess.

For similarly mixed next-door news in the office furniture space, read about Herman Miller's (Nasdaq: MLHR) soft guidance for the current quarter, and rival Steelcase's (NYSE: SCS) report.

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Related Tickers

3/19/2010 4:02 PM
FBN $6.41 Down -0.24 -3.61%
Furniture Brands I… CAPS Rating: *
HOFT $15.27 Up +0.13 +0.86%
Hooker Furniture C… CAPS Rating: *
MLHR $18.08 Down -0.86 -4.54%
Herman Miller, Inc… CAPS Rating: **
SCS $7.20 Down -0.07 -0.96%
Steelcase, Inc. CAPS Rating: ****

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