Ethan Allen Interiors Inc. announced earnings guidance for the fiscal second quarter ended December 31, 2017. The Company expects to report sales of $198.5 million, an increase of 2.0% to the previous year quarter, gross margin of 54.3%, adjusted operating margin of 8.7% and adjusted diluted earnings per share in the range of $0.51 to $0.52, compared to $0.39 in the previous year quarter. Adjusted diluted earnings per share reflects an effective tax rate of 17% for the fiscal 2018 second quarter compared to 36.5% in the prior year quarter due to the Tax Cut and Jobs Act. The Company preliminarily expects its effective tax rate will be approximately 30% for fiscal 2018 and 24% to 25% for fiscal 2019.