NEWS BRIEFS.(Dixie Group Inc. and Royal Appliance Manufacturing Co.,)(Brief Article)(Statistical Data Included)
HFN: The Weekly Newspaper for the Home Furnishing Network, February, 2002
The Dixie Group Sees Net Fall
The Dixie Group Inc., Chattanooga, Tenn., told Wall Street last week that net income came in at $2.8 million, or 24 cents per share, for the fourth quarter ended Dec. 29, 2001, compared with a net loss from continuing operations of $6.5 million, or 57 cents per diluted share, in the prior year. Net sales fell 9.6 percent to $123.7 million from $136.9 million in the prior year. For the year-end period, net income came in at $517,000, or 4 cents per share, compared with a net loss from continuing operations of $10.2 million, or 88 cents per share, for 2000. Net sales for 2001 dropped 5.9 percent to $534.6 million from $568.1 million in 2000.
Management said results included "certain unusual gains and losses related to sales...
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