Dixie Group Increases Profits on Marginal Sales Growth in Second Quarter
Chattanooga, TN, July 29, 2015—The Dixie Group, Inc. reports that sales were $109,957,000 for the second quarter of 2015, ended
June 27, compared to $107,926,000 in the same quarter a year ago.
Profit from continuing operations was $516,000, or $0.03 per diluted
share, versus a loss of $509,000, or $0.04 per diluted share, for the same
quarter last year.
Commenting on the results, Daniel K. Frierson, chairman and chief executive
officer, said, "Sales in the second quarter started off strong but
moderated throughout the period. Our sales of $110 million were 1.9% ahead of
the same quarter last year while the industry overall was down slightly.
Excluding Atlas Carpet Mills, our sales growth for the quarter on a
year-over-year basis was 4.6%.”