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Financial results

Earnings per share are fully diluted, and all figures in parentheses are losses or declines.

By Furniture Today Staff -- Furniture Today, April 20, 2008

Bassett Furniture Inds.
Owns Bassett Glass, Bassett Motion and Bassett Supply
14 weeks ended 3/1	2008	2007	Change
(a) Includes wholesale delivery expenses of $4.6 million in the 2008 quarter. (b) Includes $3.6 million in pretax restructuring and impaired asset charges in the 2007 quarter. Also includes income tax provision of $81,000 in the 2008 quarter and income tax benefit of $2 million in the 2007 quarter.
Sales (a)	$81,599,000	$73,420,000	11.1%
Operating income	5,021,000	(3,514,000)	—
Net income (b)	518,000	(4,188,000)	—
Earnings per share	0.04	(0.35)	—

Hooker Furniture
Owns Bradington-Young
14 weeks ended 2/3	2008(a)	2007(a)	Change
(a) For 14 weeks in the 2008 quarter, two months in the 2007 stub period, 53 weeks in the 2008 year 12 months ended Nov. 30, 2006, in the comparable prior year period. (b) Includes an $18.4 million charge for ESOP termination compensation in the 2007 stub period. Includes charges for restructuring and asset impairment of $3 million in the 2007 stub period, $309,000 in the 2008 year and $6.9 million in the 2007 year, and benefit from restructuring and asset impairment of $454,000 in the 2008 quarter.
Sales	$82,298,000	$49,061,000	67.7%
Operating income	6,676,000	4,157,000	60.6%
Net income (b)	4,600,000	(18,415,000)	—
Earnings per share	0.39	(1.52)	—
53 weeks ended 2/3	2008(a)	2007(a)	Change
Sales	$316,801,000	$350,026,000	(9.5%)
Operating income	30,006,000	29,665,000	1.1%
Net income	19,655,000	14,138,000	39.0%
Earnings per share	1.58	1.18	33.9%

Natuzzi (a)
Quarter ended 1/31	2007	2006	Change
(a) In euros.
Sales	176,900,000	193,100,000	(8.4%)
Operating income	(20,900,000)	(3,400,000)	—
Net income	(39,600,000)	(5,100,000)	—
Earnings per share	(0.72)	(0.09)	—
Year ended 1/31	2007	2006	Change
Sales	634,400,000	735,500,000	(13.7%)
Operating income	(49,100,000)	16,500,000	—
Net income	(62,600,000)	12,300,000	—
Earnings per share	(1.14)	0.22	—

Pier 1 Imports
Quarter ended 3/1	2008	2007	Change
(a) Includes income tax expense of $271,000 in the 2008 quarter and $2.6 million in the 2008 year, and income tax benefit of $270,000 in the 2007 quarter and $885,000 in the 2007 year. Includes net loss from discontinued operations of $407,000 in the 2007 year.
Sales	$436,710,000	$473,712,000	(7.8%)
Operating income	24,336,000	(48,208,000)	—
Net income (a)	13,738,000	(58,696,000)	—
Earnings per share	0.16	(0.67)	—
Year ended 3/1	2008	2007	Change
Sales	$1,511,832,000	$1,623,216,000	(6.9%)
Operating income	(48,346,000)	(175,046,000)	—
Net income (a)	(96,011,000)	(227,645,000)	—
Earnings per share	(1.09)	(2.60)	—

Sealy
Quarter ended 3/2	2008	2007	Change
Sales	$391,929,000	$412,567,000	(5.0%)
Operating income	36,451,000	50,361,000	(27.6%)
Net income	16,214,000	24,634,000	(34.2%)
Earnings per share	0.17	0.26	(34.6%)

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