Stanley 2Q earnings drop 32.4%

McIntosh, Jay
July 2006
Furniture/Today;7/24/2006, Vol. 30 Issue 45, p1
Trade Publication
The article reports on the second quarter earnings of Stanley Furniture, a case goods manufacturer in Stanleytown, Virginia. It is said that the company's second quarter earnings had tumbled into 32.4 percent from a record quarter on the previous year as sales had slipped to 7.4 percent. According to the company chairman, president and CEO Jeff Scheffer, the weaker sales reflects a weaker industry conditions as it will persist for a while.


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