Interface Q1 Net Sales Down 2% YOY, Income Up Substantially
Atlanta, GA, May 3, 2024-Interface reported net sales of $289.7 million for Q1 2024, down 2% from $295.8 in Q1 2023.
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Floor & Décor Q1 Sales Down 2.2%, Income Down 30%
Atlanta, GA, May 3, 2024—Floor & Décor reported net sales of $1,097.3 million for Q1 2024, a decline of 2.2% from $1,122.1 million in Q1 2023.
Emser Names Jim Parello Executive Vice President of Sales
Los Angeles, CA, May 3, 2024-Emser Tile named Jim Parello as the newest member of the leadership team, serving as executive vice president (EVP) of sales.
Employment Rose by 175K in April, Unemployment Steady at 3.9%
Washington, DC, May 3, 2024—Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9%, the U.S. Bureau of Labor Statistics reported.
Dixie Group Sales Down 2.7% YOY in Q1, Net Loss of $857,000
Dalton, GA, May 2, 2024--The Dixie Group reported net sales for Q1 2024 were $65.3 million, a 2.7% decline compared to $67.1 million in the same period of the prior year.
Shaw Releases 2023 Corporate Sustainability Report
Dalton, GA, May 2, 2024-Shaw Industries has released its 2023 corporate sustainability report, the company’s 16th annual reporting of its efforts focused on people and the planet.
Orders for Manufactured Goods Rose 1.6% in March
Washington, DC, March 2, 2024-New orders for manufactured goods in March, up two consecutive months, increased $9.1 billion or 1.6% to $584.5 billion, the U.S. Census Bureau reported. This followed a 1.2% February increase.
Trade Deficit Narrowed Slightly to $69.4B in March
Washington, DC, March 2, 2024-The goods and services deficit was $69.4 billion in March, down $0.1 billion from $69.5 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Federal Reserve Takes Wait-and-See Stance on Interest Rates
New York, NY, May 2, 2024”—The Federal Reserve acknowledged a recent setback in its inflation fight but said it was more likely to keep interest rates at their current level for longer than to raise them again,” reports the Wall Street Journal.
Labor Productivity Rose 0.3% in Q1
Washington, DC, March 2, 2024—Nonfarm business sector labor productivity increased 0.3% in Q1 2024, the U.S. Bureau of Labor Statistics reported, as output increased 1.3% and hours worked increased 1.0%.