Home / Knowledge / News / Apparel/Garments / Q2FY17 income from operations triples at Dixie Group
Q2FY17 income from operations triples at Dixie Group
29
Jul '16
Income from continuing operations at the Dixie Group for the second fiscal quarter ended June 25, 2016 more than tripled to $1.61 million or $0.10 per fully diluted share.

This compares with income from continuing operations of $516,000, or $0.03 per fully diluted share, in the second fiscal quarter of 2015-2016.

For the reporting quarter, net sales stood at $105.3 million or 4.2 per cent below $109.9 million the company reported in the prior fiscal's second quarter.

Total carpet sales for the quarter were down 4.4 per cent year over year in the quarter under review, while commercial product sales were down 8.1 per cent.

Despite the drop in sales compared to the fiscal ago period, its operating margins improved slightly to 26.8 per cent.

Furthermore, the company's operating margins improved 5.0 per cent over the first fiscal quarter of current fiscal.

On a non-GAAP basis, which excludes restructuring expenses, the company earned $0.12 per share for the second quarter of fiscal 2016-17 as against $0.07 per fully diluted share in the same quarter of earlier fiscal. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search