Stanley Furniture Announces Third Quarter 2017 Results
HG HOLDINGS INC (STLY)
US:NASDAQ Investor Relations:
stanleyfurniture.com/investor-relations/at-a-glance
Company Research
Source: GlobeNewswire
HIGH POINT, N.C., Nov. 13, 2017 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq:STLY) reports sales and operating results for the third quarter ended September 30, 2017. Third quarter 2017 financial results compared to second quarter 2017: Net sales were $10.4 million compared to $11.6 million, a decrease of 10.2%.Gross profit margins were 22.4% compared to 23.5%.Selling, general and administrative expenses were $2.7 million, or 25.6% of net sales, compared to $2.7 million, or 23.6% of net sales.Net loss was $305,000 compared to a net income of $14,000. Ended the quarter with $1.9 million in cash, including $631,000 in restricted cash. Third quarter 2017 financial results compared to prior year third quarter: Net sales were $10.4 million compared to $11.0 million, down 5.5%.Gross profit margins were 22.4% compared to 16.6%.Selling, general and administrative expenses were $2.7 million, or 25.6% of net sales, compared to $3.8 million, or 34.5% of net sales.Net loss
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Sec Filings
- 3/28/24 - Form 10-K
- 3/14/24 - Form S-8
- 3/14/24 - Form 8-A12B/A
- STLY's page on the SEC website