Tag Archives: Glenn Prillaman

Stanley Q1 Net Loss Widens

Stanley Furniture

STANLEYTOWN, Va.-With sales dropping and costs on the rise, Stanley Furniture posted a net loss of $4.4 million in its fiscal first quarter, compared to a net loss of $2.1 million in last year’s first quarter. Net sales fell 16 percent to $21.9 million in the quarter, which ended on March 29. Selling, general andMore »

Stanley Furniture Q4 Loss Grows—Red Ink for Fiscal Year

Stanley Furniture

HIGH POINT, N.C.-Reflecting the troubled condition of the casegoods industry, Stanley Furniture Co. turned in a fourth-quarter loss of $4.6 million, compared to a net loss of $3 million in the fourth quarter of last year. For the fiscal year ending on Dec. 31, Stanley posted a net loss of $12.6 million, compared to netMore »

Stanley Furniture Loss Rises in Q3

Stanley Furniture

HIGH POINT, N.C.-Flat sales and a drop in gross margin led to a net loss of $2.5 million for Stanley Furniture in its fiscal third quarter, compared to a net loss of $1.9 million in its third quarter of last year. Net sales in the quarter, which ended on Sept. 28, totaled $24 million, essentiallyMore »