Stanley Furniture (STLY) Reports Q3 Loss of $0.15/Share
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/6/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
Stanley Furniture Announces Third Quarter 2016 Results
October 25, 2016 5:44 PM EDTHIGH POINT, N.C., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Stanley Furniture Company, Inc. (Nasdaq: STLY) today reported sales and operating results for the third quarter of 2016.Â
Third quarter 2016 financial results compared to prior year:
Net sales were $11.0 million compared to $13.8 million, down 19.8%. Gross profit margins were 16.6% compared to 24.8%, negatively impacted by discounting older product, promotional activities and lower sales.Selling, general and administrative expenses were $3.8 million, or 34.5% of net sales, compared to $2.8 million, or 20.5% of net sales.Net loss from continuing operations was $2.1 million compared to... More