Dixie Group reports Q1 EPS (11c) vs. (16c) last year

Reports Q1 revenue $62.9M vs. $65.3M last year. Commenting on the results, Daniel K. Frierson, Chairman and Chief Executive Officer, said, “The industry continues to experience weak market conditions driven by low existing home sales and lower consumer confidence. Our first quarter net sales were down 3.5% from the same period a year ago. Sales of our soft floorcovering products again outperformed our hard surface products and we continued to gain market share in the soft surface category. Just as in the previous quarter, premium products performed better than the market in all categories.”