Dixie Group Reports Sales Increase of 9.3% YOY for Q1

Dalton, GA, May 4, 2017-The Dixie Group reported net sales of $97.5 million for Q1 2017, a 9.3% increase over Q1 2016’s $89.2 million.

For the quarter, the company reported a continuing loss from operations of $604,000, compared to $4.8 million in Q1 2016. 

The Dixie Group added LVT to its offering in Q1, and CEO Dan Frierson reports, “We announced our entry into the residential luxury vinyl tile market during the quarter and have been very pleased with the response to our introduction of Stainmaster PetProtect Luxury Vinyl Tile under the Masland and Dixie Home brands. We have been pleased by the number and quality of new floorcovering dealers signing up for our new LVT offerings. Further, our commercial line of Calibrè luxury vinyl tile products is beginning to gain traction with larger installations being ordered as we have now had time for the specification process to yield results.”

Related Topics:The Dixie Group, Masland Carpets & Rugs