<SUBMISSION>
<ACCESSION-NUMBER>0000902561-03-000222
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20030422
<ITEMS>7
<ITEMS>9
<FILING-DATE>20030422
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ETHAN ALLEN INTERIORS INC
<CIK>0000896156
<ASSIGNED-SIC>2511
<IRS-NUMBER>061275288
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11692
<FILM-NUMBER>03657687
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ETHAN ALLEN DR
<STREET2>PO BOX 1966
<CITY>DANBURY
<STATE>CT
<ZIP>06811
<PHONE>2037438000
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_chalian042203.txt
<DESCRIPTION>FORM 8-K -- CURRENT REPORT
<TEXT>


================================================================================


                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON D.C. 20549


                                    FORM 8-K

                                 Current Report
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): April 22, 2003


                           ETHAN ALLEN INTERIORS INC.
             (Exact name of registrant as specified in its charter)


           DELAWARE                       1-11692                06-1275288
-------------------------------   ------------------------   -------------------
(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
        incorporation)                                       Identification No.)



               ETHAN ALLEN DRIVE
                   DANBURY, CT                                      06811
   ----------------------------------------                      ----------
   (Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code: (203) 743-8000



                                 NOT APPLICABLE
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)


================================================================================


<PAGE>

                      INFORMATION TO BE INCLUDED IN REPORT


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (c) Exhibits


EXHIBIT        DESCRIPTION
-------        -----------
99.1           Press release dated April 22, 2003

99.2           Reconciliation of unaudited, non-GAAP financial information
               disclosed in April 22, 2003 conference call to the most
               directly comparable GAAP financial measure


ITEM 9.  REGULATION FD DISCLOSURE (PURSUANT TO ITEM 12. RESULTS OF OPERATIONS
         AND FINANCIAL CONDITION)

         In accordance with SEC Release No. 33-8216, the following  information,
intended to be furnished  under Item 12,  "Results of  Operations  and Financial
Condition",  is instead furnished under Item 9, "Regulation FD Disclosure".  The
information  in this  Form 8-K and the  Exhibits  attached  hereto  shall not be
deemed  "filed" for  purposes of Section 18 of the  Securities  Exchange  Act of
1934, nor shall it be deemed  incorporated  by reference in any filing under the
Securities  Exchange  Act of 1933,  except  as shall be  expressly  set forth by
specific reference in such filing.

         On April 22, 2003,  Ethan Allen  Interiors  Inc.  ("Ethan Allen" or the
"Company")  issued a press release  setting forth its operating  results for the
three and nine  months  ended  March 31,  2003.  A copy of the press  release is
attached hereto as Exhibit 99.1 and hereby incorporated by reference.

         Also on April 22, 2003,  Ethan Allen conducted a conference call during
which certain unaudited, non-GAAP financial information related to the Company's
operations  for the three and nine months  ended  March 31, 2003 was  disclosed.
This information is set forth in the attached Exhibit 99.2.

         Exhibit 99.2 includes  references  to the  Company's  (i)  consolidated
operating  profit,  (ii)  wholesale  operating  profit,  (iii) net income,  (iv)
earnings per share,  and (v) earnings before interest,  taxes,  depreciation and
amortization  ("EBITDA"),  all  excluding  the  effects of a  restructuring  and
impairment  charge  recorded  during the three  months ended March 31, 2003 as a
result of the Company's decision to consolidate three manufacturing  facilities.
A  reconciliation  of these financial  measures to the most directly  comparable
GAAP financial measure is also provided in the Exhibit.

         Management  believes  that  excluding  items  which  are  deemed  to be
non-recurring  in nature  from  financial  measures  such as  operating  profit,
wholesale operating profit, net income, and earnings per share, allows investors
to more easily compare and evaluate the Company's financial performance relative
to prior  periods and industry  comparables.  These  adjusted  measures also aid
investors in  understanding  the  operating  results of the Company  absent such
non-recurring or unusual events.


                                       2
<PAGE>


         Management  considers EBITDA an important  indicator of the operational
strength and  performance of its business,  including the ability of the Company
to pay interest, service debt and fund capital expenditures. Given the nature of
the Company's  operations,  including the tangible assets necessary to carry out
its  production  and  distribution  activities,  depreciation  and  amortization
represent Ethan Allen's largest  non-cash  charge.  As these non-cash charges do
not affect  our  ability to service  debt or make  capital  expenditures,  it is
important  to  consider  EBITDA in  addition  to, but not as a  substitute  for,
operating  income,  net  income  and other  measures  of  financial  performance
reported in accordance with generally accepted accounting principles,  including
cash flow measures such as operating cash flow.  Further,  EBITDA is one measure
used to determine our compliance with the Company's existing credit facilities.


                                       3
<PAGE>


                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                                           ETHAN ALLEN INTERIORS INC.


Date: April 22, 2003                       By:   /S/  M. FAROOQ KATHWARI
                                              ----------------------------------
                                              M. Farooq Kathwari
                                              Chairman, Chief Executive Officer
                                              and Director



                                       4


<PAGE>

                                  EXHIBIT INDEX



EXHIBIT         DESCRIPTION
-------         -----------

99.1           Press release dated April 22, 2003

99.2           Reconciliation of unaudited, non-GAAP financial information
               disclosed in April 22, 2003 conference call to the most directly
               comparable GAAP financial measure







                                       5

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>form8k_exh99-1chalian42203.txt
<DESCRIPTION>EXHIBIT 99.1 -- PRESS RELEASE DD APRIL 22, 2003
<TEXT>
                                                                    EXHIBIT 99.1

FOR IMMEDIATE RELEASE                       CONTACT: Peg Lupton
                                                     Ethan Allen Interiors Inc.
                                                     (203)743-8234



              ETHAN ALLEN REPORTS THIRD QUARTER SALES AND EARNINGS



DANBURY,  CONN.,  April 22, 2003 -- Ethan Allen Interiors Inc.  (NYSE:ETH) today

reported sales and earnings for the three and nine months ended March 31, 2003.


As  previously  announced  in  February  2003,  the  Company  recorded a pre-tax

restructuring and impairment charge of $13.2 million (or $0.22 per share) during

its third quarter ended March 31, 2003. The charge relates to the  consolidation

of three of the Company's smaller manufacturing facilities.


For the third  quarter ended March 31, 2003,  earnings per share,  including the

restructuring  and impairment  charge,  amounted to $0.30 on net income of $11.7

million, as compared to $0.58 and $23.0 million, respectively, in the prior year

third quarter.  Excluding the impact of the restructuring and impairment charge,

earnings  per share for the  quarter  amounted  to $0.52 and net income  totaled

$19.9 million.


For the nine months ended March 31,  2003,  earnings  per share,  including  the

restructuring  and impairment  charge,  amounted to $1.42 on net income of $54.8

million, as compared to $1.52 and $60.9 million, respectively, in the prior year

comparable  period.  Excluding the impact of the  restructuring  and  impairment

charge, earnings per share for the nine month period increased 7.2% to $1.63 and

net income increased 3.5% to $63.0 million.


                                      -1-
<PAGE>

Net delivered sales for the third quarter ended March 31, 2003 decreased 1.5% to

$224.6 million from $227.9 million in the prior year  comparable  period.  Third

quarter  delivered  sales for the Company's  Retail  division  increased 9.9% to

$127.3  million  from  $115.8  million  in the prior  year,  and  written  sales

increased  4.4% over that same period.  Comparable  Ethan Allen store  delivered

sales and written sales for the quarter  decreased 4.3% and 9.2%,  respectively,

as compared to the prior year.



Net delivered  sales for the nine months ended March 31, 2003  increased by 2.0%

to $670.8 million from $657.5 million in the prior year comparable period.  Nine

month  delivered  sales for the Company's  Retail  division  increased  16.7% to

$387.1  million  from  $331.6  million  in the prior  year,  and  written  sales

increased  17.2% over that same period.  Comparable  Ethan Allen store delivered

sales and  written  sales for the nine  month  period  decreased  3.7% and 3.2%,

respectively, as compared to the prior year.


Farooq Kathwari,  Chairman and CEO,  commented,  "Despite the difficult economic

conditions, we are pleased that we have maintained healthy margins, earnings and

cash  flow.  Our  strong  focus  on  maximizing  operating   efficiencies  while

maintaining  high  quality   standards   continues  to  enable  us  to  increase

shareholder  value.  During the  quarter  and fiscal  year to date,  the Company

repurchased $19.4 million and $41.8 million,  respectively,  of its stock in the

open  market.  We  also  initiated  the  consolidation  of  three  manufacturing

facilities with the intention of further improving  production  efficiencies and

related  margins.  At the same time,  our efforts to provide our customers  with

excellence in service and value also continue.  Last week, we introduced the new

"Tuscany"  line to  consumers  and the Ethan Allen Kids line will be marketed in

July.  Both will offer the  consumer  innovative  and  stylish  alternatives  at

excellent values."

                                      -2-
<PAGE>

Commenting on expected future business results,  Mr. Kathwari stated, "As we had

previously  indicated,  the  geo-political  situation  has  negatively  impacted

consumer confidence during the last several months. We are positioned to perform

well as the economy and consumer confidence improves. As in the past, we plan to

periodically update our outlook."


Ethan Allen  Interiors  Inc. is a leading  manufacturer  and retailer of quality

home  furnishings.  The Company  sells a full range of  furniture  products  and

decorative  accessories  through an exclusive network of 312 retail locations in

the United States and abroad, of which 120 are Company-owned. Ethan Allen has 14

manufacturing  facilities,  which  include 3 sawmills,  located  throughout  the

United States.


The Company will conduct a Conference  Call at 11:00 AM Eastern time on Tuesday,

April 22nd to be broadcast  live over the Internet  linked through the Company's

website at www.ethanallen.com.


The  information  contained in this press release  should be read in conjunction

with the Company's  Quarterly Report on Form 10-Q for the quarter ended December

31, 2002 and other reports filed with the  Securities  and Exchange  Commission,

including  the  Company's  Report of Form 10-K for the year ended June 30, 2002.

Management's  discussion  in this release  contains  forward-looking  statements

relating to future results of the Company. These forward-looking  statements are

subject to various assumptions, risk and uncertainties,  and accordingly, actual

results could differ materially from those  contemplated by the  forward-looking

statements.

                                     ######


                                      -3-

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>form8k_exh99-2chalian42203.txt
<DESCRIPTION>EXHIBIT 99.2 -- UNAUDITED FINANCIAL INFORMATION
<TEXT>

<TABLE>
<CAPTION>

                           ETHAN ALLEN INTERIORS INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                    UNAUDITED
                    (In thousands, except per share amounts)


---------------------------------------------------------------------------------------------------------------------
                                                                Three Months                     Nine Months
                                                               Ended March 31,                  Ended March 31,
                                                            2003             2002            2003             2002
---------------------------------------------------------------------------------------------------------------------
   <S>                                                   <C>              <C>              <C>              <C>

Net sales                                                 $224,574         $227,917         $670,816         $657,499
Cost of sales                                              112,624          119,481          336,347          351,714
                                                          --------         --------         --------         --------
       Gross profit                                        111,950          108,436          334,469          305,785
Operating expenses:
    Selling                                                 45,257           41,461          132,022          120,185
    General and administrative                              34,632           30,973          101,348           89,857
    Restructuring and impairment charge                     13,223                -           13,223                -
                                                          --------         --------         --------         --------
      Total operating expenses                              93,112           72,434          246,593          210,042
                                                          --------         --------         --------          -------
       Operating income                                     18,838           36,002           87,876           95,743
Interest and other miscellaneous income                         58            1,063              799            2,621
Interest and other related financing costs                     130              137              507              462
                                                          --------         --------         --------         --------
    Income before income tax expense                        18,766           36,928           88,168           97,902
Income tax expense                                           7,094           13,959           33,328           37,007
                                                          --------         --------         --------         --------
       Net income                                         $ 11,672         $ 22,969         $ 54,840         $ 60,895
                                                          ========         ========         ========         ========

Net income per basic share                                $   0.31         $   0.59         $   1.45         $   1.57
                                                          ========         ========         ========         ========

Basic weighted average shares outstanding                   37,560           38,734           37,771           38,879

Net income per diluted share                              $   0.30         $   0.58         $   1.42         $   1.52
                                                          ========         ========         ========         ========

Diluted weighted average shares outstanding                 38,546           39,898           38,751           39,983


RECONCILIATION OF GAAP TO NON-GAAP INFORMATION:

Net income                                                $ 11,672         $ 22,969         $ 54,840         $ 60,895
Add: Restructuring and impairment charge,
     net of related tax effect                               8,225                -            8,225                -
                                                          --------         --------         --------         --------
Net income (excluding restructuring and
     impairment charge)                                   $ 19,897         $ 22,969         $ 63,065         $ 60,895
                                                          ========         ========         ========         ========

Net income per basic share (excluding
     restructuring and impairment charge)                 $   0.53         $   0.59         $   1.67         $   1.57
                                                          ========         ========         ========         ========

Basic weighted average shares outstanding                   37,560           38,734           37,771           38,879

Net income per diluted share (excluding
     restructuring and impairment charge)                 $   0.52         $   0.58         $   1.63         $   1.52
                                                          ========         ========         ========         ========

Diluted weighted average shares outstanding                 38,546           39,898           38,751           39,983

</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                           ETHAN ALLEN INTERIORS INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (In thousands)


--------------------------------------------------------------------------------------------------------------
                                                                           March 31,                June 30,
                                                                              2003                    2002
                                                                          (UNAUDITED)
--------------------------------------------------------------------------------------------------------------
     <S>                                                                  <C>                      <C>

ASSETS
Current Assets:
     Cash and cash equivalents                                             $  60,187                $  75,688
     Accounts receivable, net                                                 29,430                   32,845
     Inventories, net                                                        196,093                  174,147
     Prepaid expenses and other current assets                                47,201                   36,076
                                                                           ---------                ---------
        Total current assets                                                 332,911                  318,756

Property, plant, and equipment, net                                          294,483                  293,626
Intangible assets, net                                                        78,353                   69,708
Other assets                                                                   5,238                    6,665
                                                                           ---------                ---------
        Total Assets                                                       $ 710,985                $ 688,755
                                                                           =========                =========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
     Current maturities of long-term debt
        and capital lease obligations                                      $     187                $     107
     Customer deposits                                                        55,094                   42,966
     Accounts payable                                                         28,977                   38,027
     Accrued expenses and other current liabilities                           54,922                   48,028
                                                                           ---------                ---------
        Total current liabilities                                            139,180                  129,128

Long-term debt                                                                10,134                    9,214
Other long-term liabilities                                                    3,042                    2,066
Deferred income taxes                                                         40,578                   37,158
Total shareholders' equity                                                   518,051                  511,189
                                                                           ---------                ---------
        Total Liabilities and Shareholders' Equity                         $ 710,985                $ 688,755
                                                                           =========                =========
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                                                    EXHIBIT 99.2
ETHAN ALLEN INTERIORS INC.
GAAP RECONCILIATION
THREE AND NINE MONTHS ENDED MARCH 31, 2003
(in thousands, except per share amounts)

                                                          THREE MONTHS ENDED                NINE MONTHS ENDED
                                                               MARCH 31,                        MARCH 31,
                                                           2003        2002                  2003       2002
                                                          ------------------                -----------------
  <S>                                                      <C>        <C>                  <C>         <C>

NET INCOME/EARNINGS PER SHARE
-----------------------------

Net income                                                 $ 11,672    $ 22,969             $ 54,840    $ 60,895
Add: restructuring and impairment charge, net of
  related tax effect                                          8,225          --                8,225          --
                                                           --------    --------             --------    --------
Net income (excluding restructuring and impairment
  charge)                                                  $ 19,897    $ 22,969             $ 63,065    $ 60,895
                                                           ========    ========             ========    ========

Net income per basic share                                 $   0.31    $   0.59             $   1.45    $   1.57
                                                           ========    ========             ========    ========

Net income per basic share (excluding restructuring
  and impairment charge)                                   $   0.53    $   0.59             $   1.67    $   1.57
                                                           ========    ========             ========    ========

Basic weighted average shares outstanding                    37,560      38,734               37,771      38,879

Net income per diluted share                               $   0.30    $   0.58             $   1.42    $   1.52
                                                           ========    ========             ========    ========


Net income per diluted share (excluding restructuring
  and impairment charge)                                   $   0.52    $   0.58             $   1.63    $   1.52
                                                           ========    ========             ========    ========

Diluted weighted average shares outstanding                  38,546      39,898               38,751      39,983



CONSOLIDATED OPERATING INCOME/OPERATING MARGIN
----------------------------------------------

Operating income                                           $ 18,838    $ 36,002             $ 87,876    $ 95,743
Add: restructuring and impairment charge                     13,223          --               13,223          --
                                                           --------    --------             --------    --------
Operating income (excluding restructuring and
  impairment charge)                                       $ 32,061    $ 36,002             $101,099    $ 95,743
                                                           ========    ========             ========    ========

Net sales                                                  $224,574    $227,917             $670,816    $657,499
                                                           ========    ========             ========    ========
Operating margin                                               8.4%       15.8%                13.1%       14.6%
                                                           ========    ========             ========    ========

Operating margin (excluding restructuring and
  impairment charge)                                          14.3%       15.8%                15.1%       14.6%
                                                           ========    ========             ========    ========

WHOLESALE OPERATING INCOME/OPERATING MARGIN
-------------------------------------------

Wholesale operating income                                 $ 20,949    $ 32,295             $ 77,838    $ 80,032
Add: restructuring and impairment charge                     13,223          --               13,223          --
                                                           --------    --------             --------    --------
Wholesale operating income (excluding restructuring
  and impairment charge)                                   $ 34,172    $ 32,295             $ 91,061    $ 80,032
                                                           ========    ========             ========    ========


Wholesale net sales                                        $173,890    $172,389             $490,098    $485,479
                                                           ========    ========             ========    ========

Wholesale operating margin                                    12.0%       18.7%                15.9%       16.5%
                                                           ========    ========             ========    ========


Wholesale operating margin (excluding restructuring
  and impairment charge)                                      19.7%       18.7%                18.6%       16.5%
                                                           ========    ========             ========    ========

EBITDA
------

Net income                                                 $ 11,672    $ 22,969
Add: interest expense                                            95         101
Add: income tax expense                                       7,094      13,959
Add: depreciation and amortization                            5,494       4,816
                                                           --------    --------
EBITDA                                                     $ 24,355    $ 41,845
                                                           ========    ========

Net sales                                                  $224,574    $227,917
                                                           ========    ========

EBITDA as % of net sales                                      10.8%       18.4%
                                                           ========    ========

EBITDA                                                     $ 24,355    $ 41,845

Add: restructuring and impairment charge                     13,223          --
                                                           --------    ---------

EBITDA (excluding restructuring and impairment charge)     $ 37,578    $ 41,845
                                                           ========    ========

Net sales                                                  $224,574    $227,917
                                                           ========    ========

EBITDA as % of net sales                                      16.7%       18.4%
                                                           ========    ========
</TABLE>

</TEXT>
</DOCUMENT>
</SUBMISSION>
