The Dixie Group, Inc. reported net sales of $64.9 million for the third quarter of 2024, a decrease compared to $68.6 million in the same period of the prior year. This decline reflects the ongoing soft demand environment within the flooring industry.
The company's gross profit margin for the third quarter of 2024 was 24.6% of net sales, down from 26.6% in the third quarter of 2023. This reduction in margin contributed to an operating loss of $2.1 million, which widened from a loss of $0.9 million in the prior-year quarter.
For the third quarter of 2024, The Dixie Group reported a net loss of $3.9 million, resulting in an earnings per share of ($0.26) compared to ($0.15) in the previous year. These results indicate continued financial challenges despite earlier operational improvements.
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