Dixie Group, an American carpet and rug manufacturing company, reported first quarter 2009 sales of $ 86 million, up 7%.

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Dixie Group, a US-based luxury resilient carpet and rug manufacturer, increased sales 7.1% to $ 86.3 million in the first quarter (Q1), which ended March 27, 2021. I reported. In contrast, the corresponding quarter of the previous fiscal year. The Group’s net loss in the first quarter fell to $ 2 million (first quarter: $ 2.7 million).

“The first quarter started on December 27, 2020, delaying the start of the fiscal year. However, activity continued to strengthen through February and March, ending much stronger than in January and last year. Dixie Group President and CEO Daniel K. Freeson said in a press release. The housing market recovery, which began in the second quarter of 2020, will continue until the first quarter of 2021. Continued.

The Group’s gross margin during the reporting period was $ 19.5 million ($ 19.0 million), while the operating loss was $ 600,000 ($ 1.3 million). Dixie Group’s soft surfaces business grew 18% in the first quarter of 2009, and hard surfaces business jumped 70% year-over-year.

“At the start of the second quarter of 2021, our business has grown even stronger and we are working hard to maintain superior service levels for our customers. We are pleased to announce the Premium Tech collection in 2021. We will be showcasing three styles in Q1 and announce three more styles in Q2 2021, ”added Frierson.

Fiber2Fashion Press Office (JL)

Dixie Group, a US-based luxury resilient carpet and rug manufacturer, increased sales 7.1% to $ 86.3 million in the first quarter (Q1), which ended March 27, 2021. I reported. In contrast, the corresponding quarter of the previous fiscal year. The Group’s net loss in the first quarter fell to $ 2 million (first quarter: $ 2.7 million).

Dixie Group, an American carpet and rug manufacturing company, reported first quarter 2009 sales of $ 86 million, up 7%.

Source link Dixie Group, an American carpet and rug manufacturing company, reported first quarter 2009 sales of $ 86 million, up 7%.

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