Stanley Furniture (STLY) Tops Q3 EPS by 1c

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Go back to Stanley Furniture (STLY) Tops Q3 EPS by 1c

Stanley Furniture Announces Third Quarter 2015 Results

October 27, 2015 4:42 PM EDT

Company reports operating profits for third quarter and year-to-date

Elects Ian Lapey as Chairman of the Board

HIGH POINT, N.C.--(BUSINESS WIRE)-- Stanley Furniture Company, Inc. (Nasdaq-NGS:STLY) today reports sales and operating results for the third quarter of 2015.

Third quarter 2015 financial results compared to prior year:

Net sales were $13.8 million compared to $13.9 million, down 1.2%. Gross profit improved to 24.8% compared to 18.8%. Selling, general and administrative expenses were $2.8 million, or 20.5% of net sales, compared to $3.3 million, or 23.6% of net sales.... More