The Dixie Group 2Q Net Sales down 11.6%, Retailers Shifting Toward Lower Price Points

The Dixie Group reported net sales of $74 million, down 11.6%, for the second quarter of 2023 ending July 1, 2023, as compared to $83.7 million in the same quarter of 2022. The company recorded a net loss of $1.62 million for the quarter compared to a net loss of $4.02 million for the same period in 2022. 

Gross profit margin for the quarter was 26.7% of net sales compared to 19.2% in the second quarter of 2022.