Clayton-based Furniture Brands International Inc. narrowed its loss in the fourth quarter to $9.5 million, or 17 cents a share, from $44.7 million, or 82 cents a share, in the same period a year ago.
Net sales dropped 7.4 percent to $255.5 million.
"The progress we have made to reduce our operating losses the last few years has been driven by actions taken to align our cost structure with our revenue base, improve the efficiency of our manufacturing operations and drive profitable sales," Ralph Scozzafava, the company's chief executive, said in a statement. "This year we will focus on delivering the right product at the right price to the right retailers."
Kavita Kumar covers retail and consumer affairs for the Post-Dispatch. She blogs on Consumer Central. On Twitter, follow her @kavitakumar and the Business section @postdispatchbiz.
