Furniture Brands International, the parent company of Lane Furniture, Thomasville, Broyhill, Drexel Heritage, Henredon, Maitland-Smith and others, saw its losses widen for the fourth quarter as well as for all of last year.
The company said its fourth-quarter sales rose 3.3 percent to $264 million, but it recorded a loss of $22.9 million, or 41 cents a share. That compares to a loss of $9.5 million, or 17 cents a share, a year ago.
For the year, Furniture Brands saw sales fall 3.2 percent to $1.07 billion, versus $1.11 billion in 2011.
The company’s net loss for the year was $47.3 million, or 86 cents a share, compared to a loss of $43.8 million, or 80 cents a share, in 2011.