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): July 26, 2002 (July 24, 2002)

                      Furniture Brands International, Inc.
               (Exact name of Registrant as specified in charter)


          Delaware                    I-91                  43-0337683
----------------------------    ---------------       -----------------------
  (State of Incorporation)        (Commission             (IRS Employer
                                  File Number)         Identification Number)




                101 South Hanley Road, St. Louis, Missouri 63105
                ------------------------------------------------
                    (Address of principal executive offices)




                                 (314) 863-1100
                         -------------------------------
                         (Registrant's telephone number)


<PAGE>


Item 5. Other Matters

     On July 24, 2002, the Company  announced  operating  results for the second
quarter and first half of 2002.

     Net sales for the second quarter of 2002 were $604.5 million, compared with
$459.6  million in the second  quarter of 2001, an increase of 31.5%.  Net sales
for the first half of 2002 were $1,239.0  million,  compared with $965.8 million
in the first  half of 2001,  an  increase  of  28.3%.  Excluding  the  impact of
Henredon,  Drexel Heritage and Maitland-Smith,  which the Company acquired as of
the close of business on December 28, 2001, the Company's sales (Broyhill,  Lane
and Thomasville) showed  year-over-year  growth of 10.6% in the quarter and 7.7%
in the first half.

     Net earnings for the second  quarter were $32.1 million as compared to $1.6
million in the second  quarter of last year.  Diluted  net  earnings  per common
share were $0.57 as compared to $0.03 in the second  quarter of 2001.  Excluding
all asset  impairment  and other  restructuring  charges  recorded in the second
quarter of 2001,  the  Company's  diluted net  earnings per common share in that
quarter would have been $0.27.  Effective  January 1, 2002, the Company  adopted
FAS #142,  which  eliminated the  amortization of goodwill and other  intangible
assets with indefinite  lives. Had FAS #142 been effective in the second quarter
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above,  net  earnings  per common  share in the  quarter  would have been $0.33,
indicating a 72.7%  increase in 2002 earnings  versus the  comparable  period in
2001.

     Net  earnings  for the first half of 2002 were  $64.9  million or $1.15 per
diluted  common share as compared to $21.3  million or $0.42 per diluted  common
share in the first half of 2001.  Had FAS #142 been  effective in the first half
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above, net earnings per common share in that half would have been $0.78, and net
earnings per common share in the half just ended would have  represented a 47.4%
increase.

     The Company also  announced that its current  projections  for earnings per
share in the  third  quarter  is 48 to 52 cents and for the full year 2002 is in
the $2.25 to $2.32 range.

Item 7. Financial Statements and Exhibits

     (c)  Exhibit

          99   Press Release, dated July 24, 2002





<PAGE>


                                    SIGNATURE
                                    ---------




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




                                    Furniture Brands International, Inc.




                            By:     /s/Steven W. Alstadt
                                -------------------------------
                                    Steven W. Alstadt
                                    Controller and Chief Accounting Officer





Dated: July 26, 2002


<page>

INFORMATION
-----------
 101 South Hanley Road
 St. Louis, Missouri  63105
 314-863-1100
                                                      FOR IMMEDIATE RELEASE


         FURNITURE BRANDS INTERNATIONAL REPORTS $0.57 EARNINGS PER SHARE
                         FOR THE SECOND QUARTER OF 2002
           COMPANY REPAYS $49 MILLION OF LONG-TERM DEBT IN FIRST HALF
--------------------------------------------------------------------------------

St. Louis, Missouri, July 24, 2002 -- Furniture Brands International  (NYSE:FBN)
announced  today its financial  results for the second quarter and first half of
2002.

Net Sales
----------

Net sales for the second  quarter of 2002 were  $604.5  million,  compared  with
$459.6  million in the second  quarter of 2001, an increase of 31.5%.  Net sales
for the first half of 2002 were $1,239.0  million,  compared with $965.8 million
in the first  half of 2001,  an  increase  of  28.3%.  Excluding  the  impact of
Henredon,  Drexel Heritage and Maitland-Smith,  which the company acquired as of
the close of business on December 28, 2001, the company's sales (Broyhill,  Lane
and Thomasville) showed  year-over-year  growth of 10.6% in the quarter and 7.7%
in the first half.

Net Earnings
-------------

Net  earnings  for the second  quarter  were $32.1  million as  compared to $1.6
million in the second  quarter of last year.  Diluted  net  earnings  per common
share were $0.57 as compared to $0.03 in the second  quarter of 2001.  Excluding
all asset  impairment  and other  restructuring  charges  recorded in the second
quarter of 2001,  the  company's  diluted net  earnings per common share in that
quarter would have been $0.27.  Effective  January 1, 2002, the company  adopted
FAS #142,  which  eliminated the  amortization of goodwill and other  intangible
assets with indefinite  lives. Had FAS #142 been effective in the second quarter
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above,  net  earnings  per common  share in the  quarter  would have been $0.33,
indicating a 72.7%  increase in 2002 earnings  versus the  comparable  period in
2001.

Net earnings for the first half of 2002 were $64.9  million or $1.15 per diluted
common share as compared to $21.3  million or $0.42 per diluted  common share in
the first half of 2001.  Had FAS #142 been  effective in the first half of 2001,
and excluding the asset impairment and  restructuring  charges  mentioned above,
diluted net earnings  per common  share in that half would have been $0.78,  and
net earnings per common  share in the half just ended would have  represented  a
47.4% increase.

Management Comments
--------------------

"We are pleased to report excellent quarterly results,  both in sales and in net
earnings,"  stated  W. G.  (Mickey)  Holliman,  Chairman,  President  and  Chief
Executive Officer. "With only half our businesses showing favorable sales gains,
we have again been able to post an attractive year-over-year increase in our net
earnings  and  earnings  per  share,  a result  of the  aggressive  cost-control
programs we have undertaken and the beneficial  effects of our offshore sourcing
initiatives.  Assuming no favorable change in business  conditions in the second
half,  we should  continue to see  meaningful  year-over-year  increases  in net
earnings and net earnings per common share.

"Additionally,  we had another  good  quarter in terms of  operating  cash flow.
Despite  significant  income  tax  payments  and over  $20  million  in  capital
expenditures,  we were able to reduce our long-term debt by $18.2 million during
the  quarter  and by $49  million in the year's  first  half.  At the end of the
quarter, our debt-to-book  capitalization was 32.4%,  modestly over our targeted
objective  of 30%. We  continue to be  encouraged  by the  company's  ability to
generate substantial cash flow from operations.

"Finally,  a divergence  continues to exist  between the strength of business in
our  middle-price  product  offerings and those at the higher-end," Mr. Holliman
continued.  "Order  trends  and  shipments  at  Broyhill  and Lane have been and
continue to be strong since the start of the year,  driven by good  business and
the capture of market share by both companies in a  consolidating  industry.  At
the upper-end,  however, which includes Thomasville,  Henredon,  Drexel Heritage
and Maitland-Smith,  incoming orders are flat to slightly positive compared with
last year.  To date,  we have seen no  sustained  increase in those orders which
would lead us to conclude that the upper-end  business will improve in the third
quarter."

Outlook
--------

Mr.  Holliman  concluded,  "In April and again in early June,  we expressed  our
belief that the soft business  environment  at the high-end would continue until
the second half of this year,  at which  point we  expected to see  strengthened
business through the end of the year. Our previous  assumptions  included second
half  growth  in  the  high-end  sector  of our  business.  Based  upon  current
information,  we now  anticipate  further  delay in a recovery at the  high-end.
Accordingly,  we are  revising our second half  expectations  to  contemplate  a
continued flat business  environment  at the high-end  throughout the balance of
the year. Meanwhile, the pent-up demand in this market sector accumulates.

"We believe our third quarter net sales,  seasonally the year's weakest,  should
be up 25% (4% to 6% excluding the acquisitions)  from the same quarter last year
and  expect  our third  quarter  earnings  per share to be in the $0.48 to $0.52
range. We are revising our full-year expectation to a range from $2.25 to $2.32.
As has been our  practice,  we will  provide an update on our third  quarter and
full-year expectations in early September."


Furniture   Brands   International   is  America's   largest  home   furnishings
manufacturer,   manufacturing  and  sourcing  its  products  under  six  of  the
best-known brand names in the industry - Broyhill, Lane, Thomasville,  Henredon,
Drexel  Heritage and  Maitland-Smith.  The company markets its products across a
broad  spectrum of price  categories  and  distributes  its products  through an
extensive system of independently owned national, regional and local retailers.

This release contains forward-looking statements within the meaning of the "safe
harbor"  provisions  of the Private  Securities  Litigation  Reform Act of 1995.
These  forward-looking  statements  include the company's  expected earnings per
share, the prospects for the overall business environment,  and other statements
containing the words  "expects,"  "anticipates,"  "estimates,"  "believes,"  and
words  of  similar  import.   The  company  cautions  investors  that  any  such
forward-looking  statements  are not guarantees of future  performance  and that
certain factors may cause actual results to differ  materially from those in the
forward-looking  statements.  Such  factors may  include:  overall  business and
economic  conditions and growth in the furniture  industry;  changes in customer
spending patterns and demand for home furnishings;  competitive factors, such as
design  and  marketing  efforts  by  other  furniture   manufacturers;   pricing
pressures;  success of the marketing  efforts of retailers and the prospects for
further  customer  failures;  the  company's  success  in  furniture  design and
manufacture;   the  effects  of  manufacturing  realignments  and  cost  savings
programs;  and other  risk  factors  listed  from time to time in the  company's
public  releases and SEC reports,  including  but not limited to the most recent
reports on Forms 10-Q and 10-K.  The company also  cautions  investors  that our
forecast for the third quarter and the year 2002  represents our outlook only as
of  this  date,  and  we  undertake  no  obligation  to  update  or  revise  any
forward-looking  statements,   whether  as  a  result  of  new  developments  or
otherwise.

Mr. Holliman will be interviewed with respect to this earnings release on CNBC's
"Wake  Up Call" at 5:40  a.m.  (Central  Time) on  Thursday,  July 25,  2002.  A
conference  call will be held to discuss the second quarter results at 7:30 a.m.
(Central   Time)   on  July   25,   2002.   The   call   can  be   accessed   at
www.streetevents.com, or on the company's website at www.furniturebrands.com.

<PAGE>
<TABLE>
<CAPTION>


                         FURNITURE BRANDS INTERNATIONAL

                         CONSOLIDATED OPERATING RESULTS
                     (Dollars in thousands except per share)
                                   (Unaudited)


                                                                       Three Months Ended                  Six Months Ended
                                                                          June 30,                             June 30,
                                                                      2002              2001               2002             2001
                                                                  ------------      ------------     --------------      ----------

<S>                                                                   <C>               <C>              <C>             <C>
   Net sales....................................................      $604,511          $459,648         $1,238,972      $  965,830
   Costs and expenses:
     Cost of operations.........................................       429,577           335,034            885,828         705,450
     Selling, general and administrative expenses...............       108,470            84,866            218,768         169,277
     Depreciation and amortization .............................        12,266            14,765             24,822          30,023
     Asset impairment charges...................................          -               18,000               -             18,000
                                                                   -------------      ----------         -----------     ----------
   Earnings from operations.....................................        54,198             6,983            109,554          43,080

   Interest expense.............................................         5,492             5,539             11,094          12,308
   Other income, net............................................           996               610              2,070           1,419
                                                                   -------------      ----------         -----------     ----------
   Earnings before income tax expense...........................        49,702             2,054            100,530          32,191
   Income tax expense...........................................        17,617               407             35,674          10,863
                                                                   -------------      ----------         -----------     ----------
   Net earnings.................................................    $   32,085         $   1,647         $   64,856      $   21,328
                                                                   ============       ==========         ===========     ==========

   Net earnings per common share (diluted)......................        $ 0.57            $ 0.03             $ 1.15          $ 0.42
                                                                        ======            ======             ======          ======

   Average diluted common shares
     outstanding (in thousands).................................        56,698            51,214             56,570          51,149
                                                                        ======            ======             ======          ======




Note:Effective   January  1,  2002,  the  company   adopted  FAS  142  regarding
     amortization of goodwill and other  intangible  assets.  If this accounting
     change had  occurred  effective  January 1, 2001,  the  company  would have
     reported  diluted net  earnings per common share of $0.09 and $0.53 for the
     three-month and six-month periods ended June 30, 2001, respectively.

</TABLE>

<PAGE>

<TABLE>
<CAPTION>


                         FURNITURE BRANDS INTERNATIONAL

                      CONSOLIDATED CONDENSED BALANCE SHEETS
                             (Dollars in thousands)
                                   (Unaudited)




                                                                                        June 30,           December 31,
                                                                                            2002                   2001
                                                                               -----------------      -----------------
Assets

Current assets:
 <S>                                                                                <C>                     <C>
  Cash and cash equivalents.........................................               $      14,606           $     15,707
  Receivables, net..................................................                     394,804                359,493
  Inventories.......................................................                     393,295                369,773
  Prepaid expenses and other current assets.........................                      31,292                 33,742
                                                                                   -------------          -------------
    Total current assets............................................                     833,997                778,715
Net property, plant and equipment ..................................                     333,082                321,640
Intangible assets...................................................                     359,043                367,305
Other assets........................................................                      40,195                 35,829
                                                                                   -------------          -------------
                                                                                      $1,566,317             $1,503,489
                                                                                   =============          =============

Liabilities and Shareholders' Equity

Current liabilities:
  Accrued interest expense .........................................                $      3,216           $      2,805
  Accounts payable and other accrued expenses ......................                     194,595                172,490
                                                                                    ------------            -----------
    Total current liabilities.......................................                     197,811                175,295
Long-term debt .....................................................                     405,400                454,400
Other long-term liabilities.........................................                     118,506                114,135

Shareholders' equity ...............................................                     844,600                759,659
                                                                                    ------------           ------------
                                                                                      $1,566,317             $1,503,489
                                                                                    ============           ============



</TABLE>
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{"company-data": {"conformed-name": "FURNITURE BRANDS INTERNATIONAL INC", "cik": "0000050957", "assigned-sic": "2510", "irs-number": "430337683", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00091", "film-number": "02711699"}, "business-address": {"street1": "101 S HANLEY RD STE 1900", "city": "ST LOUIS", "state": "MO", "zip": "63105", "phone": "3148631100"}, "mail-address": {"street1": "101 SOUTH HANLEY RD", "city": "ST LOUIS", "state": "MO", "zip": "63105"}, "former-company": {"former-conformed-name": "INTERNATIONAL SHOE CO", "date-changed": "19690313"}}
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): July 26, 2002 (July 24, 2002)

                      Furniture Brands International, Inc.
               (Exact name of Registrant as specified in charter)

          Delaware                    I-91                  43-0337683
----------------------------    ---------------       -----------------------
  (State of Incorporation)        (Commission             (IRS Employer
                                  File Number)         Identification Number)

                101 South Hanley Road, St. Louis, Missouri 63105
                ------------------------------------------------
                    (Address of principal executive offices)

                                 (314) 863-1100
                         -------------------------------
                         (Registrant's telephone number)
Item 5. Other Matters

     On July 24, 2002, the Company  announced  operating  results for the second
quarter and first half of 2002.

     Net sales for the second quarter of 2002 were $604.5 million, compared with
$459.6  million in the second  quarter of 2001, an increase of 31.5%.  Net sales
for the first half of 2002 were $1,239.0  million,  compared with $965.8 million
in the first  half of 2001,  an  increase  of  28.3%.  Excluding  the  impact of
Henredon,  Drexel Heritage and Maitland-Smith,  which the Company acquired as of
the close of business on December 28, 2001, the Company's sales (Broyhill,  Lane
and Thomasville) showed  year-over-year  growth of 10.6% in the quarter and 7.7%
in the first half.

     Net earnings for the second  quarter were $32.1 million as compared to $1.6
million in the second  quarter of last year.  Diluted  net  earnings  per common
share were $0.57 as compared to $0.03 in the second  quarter of 2001.  Excluding
all asset  impairment  and other  restructuring  charges  recorded in the second
quarter of 2001,  the  Company's  diluted net  earnings per common share in that
quarter would have been $0.27.  Effective  January 1, 2002, the Company  adopted
FAS #142,  which  eliminated the  amortization of goodwill and other  intangible
assets with indefinite  lives. Had FAS #142 been effective in the second quarter
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above,  net  earnings  per common  share in the  quarter  would have been $0.33,
indicating a 72.7%  increase in 2002 earnings  versus the  comparable  period in
2001.

     Net  earnings  for the first half of 2002 were  $64.9  million or $1.15 per
diluted  common share as compared to $21.3  million or $0.42 per diluted  common
share in the first half of 2001.  Had FAS #142 been  effective in the first half
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above, net earnings per common share in that half would have been $0.78, and net
earnings per common share in the half just ended would have  represented a 47.4%
increase.

     The Company also  announced that its current  projections  for earnings per
share in the  third  quarter  is 48 to 52 cents and for the full year 2002 is in
the $2.25 to $2.32 range.

Item 7. Financial Statements and Exhibits

     (c)  Exhibit

          99   Press Release, dated July 24, 2002
SIGNATURE
                                    ---------

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

                                    Furniture Brands International, Inc.

                            By:     /s/Steven W. Alstadt
                                -------------------------------
                                    Steven W. Alstadt
                                    Controller and Chief Accounting Officer

Dated: July 26, 2002
INFORMATION
-----------
 101 South Hanley Road
 St. Louis, Missouri  63105
 314-863-1100
                                                      FOR IMMEDIATE RELEASE

         FURNITURE BRANDS INTERNATIONAL REPORTS $0.57 EARNINGS PER SHARE
                         FOR THE SECOND QUARTER OF 2002
           COMPANY REPAYS $49 MILLION OF LONG-TERM DEBT IN FIRST HALF
--------------------------------------------------------------------------------

St. Louis, Missouri, July 24, 2002 -- Furniture Brands International  (NYSE:FBN)
announced  today its financial  results for the second quarter and first half of
2002.

Net Sales
----------

Net sales for the second  quarter of 2002 were  $604.5  million,  compared  with
$459.6  million in the second  quarter of 2001, an increase of 31.5%.  Net sales
for the first half of 2002 were $1,239.0  million,  compared with $965.8 million
in the first  half of 2001,  an  increase  of  28.3%.  Excluding  the  impact of
Henredon,  Drexel Heritage and Maitland-Smith,  which the company acquired as of
the close of business on December 28, 2001, the company's sales (Broyhill,  Lane
and Thomasville) showed  year-over-year  growth of 10.6% in the quarter and 7.7%
in the first half.

Net Earnings
-------------

Net  earnings  for the second  quarter  were $32.1  million as  compared to $1.6
million in the second  quarter of last year.  Diluted  net  earnings  per common
share were $0.57 as compared to $0.03 in the second  quarter of 2001.  Excluding
all asset  impairment  and other  restructuring  charges  recorded in the second
quarter of 2001,  the  company's  diluted net  earnings per common share in that
quarter would have been $0.27.  Effective  January 1, 2002, the company  adopted
FAS #142,  which  eliminated the  amortization of goodwill and other  intangible
assets with indefinite  lives. Had FAS #142 been effective in the second quarter
of 2001, and excluding the asset impairment and restructuring  charges mentioned
above,  net  earnings  per common  share in the  quarter  would have been $0.33,
indicating a 72.7%  increase in 2002 earnings  versus the  comparable  period in
2001.

Net earnings for the first half of 2002 were $64.9  million or $1.15 per diluted
common share as compared to $21.3  million or $0.42 per diluted  common share in
the first half of 2001.  Had FAS #142 been  effective in the first half of 2001,
and excluding the asset impairment and  restructuring  charges  mentioned above,
diluted net earnings  per common  share in that half would have been $0.78,  and
net earnings per common  share in the half just ended would have  represented  a
47.4% increase.

Management Comments
--------------------

"We are pleased to report excellent quarterly results,  both in sales and in net
earnings,"  stated  W. G.  (Mickey)  Holliman,  Chairman,  President  and  Chief
Executive Officer. "With only half our businesses showing favorable sales gains,
we have again been able to post an attractive year-over-year increase in our net
earnings  and  earnings  per  share,  a result  of the  aggressive  cost-control
programs we have undertaken and the beneficial  effects of our offshore sourcing
initiatives.  Assuming no favorable change in business  conditions in the second
half,  we should  continue to see  meaningful  year-over-year  increases  in net
earnings and net earnings per common share.

"Additionally,  we had another  good  quarter in terms of  operating  cash flow.
Despite  significant  income  tax  payments  and over  $20  million  in  capital
expenditures,  we were able to reduce our long-term debt by $18.2 million during
the  quarter  and by $49  million in the year's  first  half.  At the end of the
quarter, our debt-to-book  capitalization was 32.4%,  modestly over our targeted
objective  of 30%. We  continue to be  encouraged  by the  company's  ability to
generate substantial cash flow from operations.

"Finally,  a divergence  continues to exist  between the strength of business in
our  middle-price  product  offerings and those at the higher-end," Mr. Holliman
continued.  "Order  trends  and  shipments  at  Broyhill  and Lane have been and
continue to be strong since the start of the year,  driven by good  business and
the capture of market share by both companies in a  consolidating  industry.  At
the upper-end,  however, which includes Thomasville,  Henredon,  Drexel Heritage
and Maitland-Smith,  incoming orders are flat to slightly positive compared with
last year.  To date,  we have seen no  sustained  increase in those orders which
would lead us to conclude that the upper-end  business will improve in the third
quarter."

Outlook
--------

Mr.  Holliman  concluded,  "In April and again in early June,  we expressed  our
belief that the soft business  environment  at the high-end would continue until
the second half of this year,  at which  point we  expected to see  strengthened
business through the end of the year. Our previous  assumptions  included second
half  growth  in  the  high-end  sector  of our  business.  Based  upon  current
information,  we now  anticipate  further  delay in a recovery at the  high-end.
Accordingly,  we are  revising our second half  expectations  to  contemplate  a
continued flat business  environment  at the high-end  throughout the balance of
the year. Meanwhile, the pent-up demand in this market sector accumulates.

"We believe our third quarter net sales,  seasonally the year's weakest,  should
be up 25% (4% to 6% excluding the acquisitions)  from the same quarter last year
and  expect  our third  quarter  earnings  per share to be in the $0.48 to $0.52
range. We are revising our full-year expectation to a range from $2.25 to $2.32.
As has been our  practice,  we will  provide an update on our third  quarter and
full-year expectations in early September."

Furniture   Brands   International   is  America's   largest  home   furnishings
manufacturer,   manufacturing  and  sourcing  its  products  under  six  of  the
best-known brand names in the industry - Broyhill, Lane, Thomasville,  Henredon,
Drexel  Heritage and  Maitland-Smith.  The company markets its products across a
broad  spectrum of price  categories  and  distributes  its products  through an
extensive system of independently owned national, regional and local retailers.

This release contains forward-looking statements within the meaning of the "safe
harbor"  provisions  of the Private  Securities  Litigation  Reform Act of 1995.
These  forward-looking  statements  include the company's  expected earnings per
share, the prospects for the overall business environment,  and other statements
containing the words  "expects,"  "anticipates,"  "estimates,"  "believes,"  and
words  of  similar  import.   The  company  cautions  investors  that  any  such
forward-looking  statements  are not guarantees of future  performance  and that
certain factors may cause actual results to differ  materially from those in the
forward-looking  statements.  Such  factors may  include:  overall  business and
economic  conditions and growth in the furniture  industry;  changes in customer
spending patterns and demand for home furnishings;  competitive factors, such as
design  and  marketing  efforts  by  other  furniture   manufacturers;   pricing
pressures;  success of the marketing  efforts of retailers and the prospects for
further  customer  failures;  the  company's  success  in  furniture  design and
manufacture;   the  effects  of  manufacturing  realignments  and  cost  savings
programs;  and other  risk  factors  listed  from time to time in the  company's
public  releases and SEC reports,  including  but not limited to the most recent
reports on Forms 10-Q and 10-K.  The company also  cautions  investors  that our
forecast for the third quarter and the year 2002  represents our outlook only as
of  this  date,  and  we  undertake  no  obligation  to  update  or  revise  any
forward-looking  statements,   whether  as  a  result  of  new  developments  or
otherwise.

Mr. Holliman will be interviewed with respect to this earnings release on CNBC's
"Wake  Up Call" at 5:40  a.m.  (Central  Time) on  Thursday,  July 25,  2002.  A
conference  call will be held to discuss the second quarter results at 7:30 a.m.
(Central   Time)   on  July   25,   2002.   The   call   can  be   accessed   at
www.streetevents.com, or on the company's website at www.furniturebrands.com.
FURNITURE BRANDS INTERNATIONAL

                         CONSOLIDATED OPERATING RESULTS
                     (Dollars in thousands except per share)
                                   (Unaudited)

                                                                       Three Months Ended                  Six Months Ended
                                                                          June 30,                             June 30,
                                                                      2002              2001               2002             2001
                                                                  ------------      ------------     --------------      ----------
Net sales....................................................      $604,511          $459,648         $1,238,972      $  965,830
   Costs and expenses:
     Cost of operations.........................................       429,577           335,034            885,828         705,450
     Selling, general and administrative expenses...............       108,470            84,866            218,768         169,277
     Depreciation and amortization .............................        12,266            14,765             24,822          30,023
     Asset impairment charges...................................          -               18,000               -             18,000
                                                                   -------------      ----------         -----------     ----------
   Earnings from operations.....................................        54,198             6,983            109,554          43,080

   Interest expense.............................................         5,492             5,539             11,094          12,308
   Other income, net............................................           996               610              2,070           1,419
                                                                   -------------      ----------         -----------     ----------
   Earnings before income tax expense...........................        49,702             2,054            100,530          32,191
   Income tax expense...........................................        17,617               407             35,674          10,863
                                                                   -------------      ----------         -----------     ----------
   Net earnings.................................................    $   32,085         $   1,647         $   64,856      $   21,328
                                                                   ============       ==========         ===========     ==========

   Net earnings per common share (diluted)......................        $ 0.57            $ 0.03             $ 1.15          $ 0.42
                                                                        ======            ======             ======          ======

   Average diluted common shares
     outstanding (in thousands).................................        56,698            51,214             56,570          51,149
                                                                        ======            ======             ======          ======

Note:Effective   January  1,  2002,  the  company   adopted  FAS  142  regarding
     amortization of goodwill and other  intangible  assets.  If this accounting
     change had  occurred  effective  January 1, 2001,  the  company  would have
     reported  diluted net  earnings per common share of $0.09 and $0.53 for the
     three-month and six-month periods ended June 30, 2001, respectively.
FURNITURE BRANDS INTERNATIONAL

                      CONSOLIDATED CONDENSED BALANCE SHEETS
                             (Dollars in thousands)
                                   (Unaudited)

                                                                                        June 30,           December 31,
                                                                                            2002                   2001
                                                                               -----------------      -----------------
Assets

Current assets:
Cash and cash equivalents.........................................               $      14,606           $     15,707
  Receivables, net..................................................                     394,804                359,493
  Inventories.......................................................                     393,295                369,773
  Prepaid expenses and other current assets.........................                      31,292                 33,742
                                                                                   -------------          -------------
    Total current assets............................................                     833,997                778,715
Net property, plant and equipment ..................................                     333,082                321,640
Intangible assets...................................................                     359,043                367,305
Other assets........................................................                      40,195                 35,829
                                                                                   -------------          -------------
                                                                                      $1,566,317             $1,503,489
                                                                                   =============          =============

Liabilities and Shareholders' Equity

Current liabilities:
  Accrued interest expense .........................................                $      3,216           $      2,805
  Accounts payable and other accrued expenses ......................                     194,595                172,490
                                                                                    ------------            -----------
    Total current liabilities.......................................                     197,811                175,295
Long-term debt .....................................................                     405,400                454,400
Other long-term liabilities.........................................                     118,506                114,135

Shareholders' equity ...............................................                     844,600                759,659
                                                                                    ------------           ------------
                                                                                      $1,566,317             $1,503,489
                                                                                    ============           ============