Quaker 1Q net sales drop 29.6% to $32.6M

April 2007
Furniture/Today;4/23/2007, Vol. 31 Issue 32, p46
Trade Publication
The article focuses on the decline of Quaker Fabric Corp.'s net sales of $32.6 million and net loss of $5.1 million in fiscal year 2006. It was found out that the company's financial results for the first quarter in 2007 include a pre-tax restructuring charges of $300,000. Its domestic fabric sales were down at 33 percent to $25.6 million. Its head count at the end of the quarter was 917 as part of restructuring. It also expected to close on its headquarters building's sale by the end of April.


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