Stanley Furniture Pre-Announces First Quarter Sales and Profitability Results
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Stanley Furniture (STLY) Expects to Report Q1 Loss; Encouraged by Backlog
April 8, 2015 5:00 PM EDTStanley Furniture (NASDAQ: STLY) announced that it expects to report flat first quarter sales from continuing operations and an operating loss driven by the west coast port strike and weather.
The companys sales remained flat with the prior year quarter as backlog from successful fall product introductions shipped. Order rates fell sharply as the quarter progressed due to bad weather mostly in the northeast and mid-Atlantic. "After building momentum in the... More
