Tag Archives: Stanley Furniture

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 »

Stanley Furniture Posts Q2 Loss as Expenses Rise, Sales Slip

Stanley Furniture

HIGH POINT, N.C.-A combination of higher costs and reduced sales turned Stanley Furniture’s bottom line from black to red in its second quarter, which ended on June 29. The company reported a net loss of $3.5 million, compared to net income of $36.9 million in its second quarter of last year. The transformation from profitMore »