TITLE

Stanley 1Q sales down 10.1%

AUTHOR(S)
Thomas, Larry
PUB. DATE
April 2007
SOURCE
Furniture/Today;4/23/2007, Vol. 31 Issue 32, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 10.1 percent decrease of Stanley Furniture Co. Inc.'s first-quarter sales as well as to its 70 percent decline in net income. This could be attributed to its continuing industry-wide sales fall-off. It has been stressed that lower sales and production levels caused operating inefficiencies. Its sales totaled $75.1 million, with net income that reach $1.7 million. The company also expected its second-quarter sales to come in at $69 million to $73 million.
ACCESSION #
24867339

 

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