The Dixie Group Inc. has reported that, for the fourth quarter ended Dec. 30, 2000, the company reported a net loss of $5.7 million, or 50 cents per diluted share, compared with net income of $3.1 million, or 26 cents per diluted share, for the same period last year.
CHATTANOOGA, Tenn. -- The Dixie Group Inc. has released financial results for the fourth quarter and year ended Dec. 30, 2000. For the fourth quarter, the company reported a net loss of $5.7 million, or 50 cents per diluted share, compared with net income of $3.1 million, or 26 cents per diluted share, for the same period last year. Fourth quarter 2000 sales were $136.9 million, down 8% compared with sales of $148.4 million for the same period in 1999.
For the full year 2000, the company reported a net loss of $9.3 million, or 81 cents per diluted share, compared with net income of $17.2 million, or $1.47 per diluted share, for 1999. Sales for the year 2000 were $568.1 million, down 5% compared with $597.9 million in the prior-year period.