The Dixie Group recently reported financial results for the year ending December 31, 2016. For 2016, the company had net sales of $397 million, a 5.9% decrease vs. net sales in 2015 of $422 million. In 2016 the company registered a loss from continuing operations of $5.2 million or $0.33 per diluted share.
“Our carpet sales for 2016 were down 6% from 2015, on a comparable 52 week basis, while the industry, we believe, was down in the low single digits,” said Daniel K. Frierson, chairman and CEO. “In the fourth quarter, our total carpet sales were down 7.7% while the industry was flat. Sales of our residential products were down approximately 3% on a comparable 52 week basis in 2016 vs. 2015 while the industry was down similarly. Our commercial product sales on a year over year basis were down over 11% while the industry was down slightly, also on a 52 week equivalent basis.”