The Dixie Group Reports 1Q Sales Decline, Improved Gross Margins
The Dixie Group reported sales were $67 million, down 14%, in the first quarter of 2022 for the period ending April 1, 2023. Gross profit in the first quarter of 2023 was 26.6% of net sales compared to 19.6% of net sales in the first quarter of 2022.
Commenting on the results, Daniel K. Frierson, Chairman and Chief Executive Officer, said: