The Dixie Group Reports Update on COVID-19 Recovery Plan Along with Q2 2020 Results

The Dixie Group, Inc. (NASDAQ:DXYN) today reported financial results for the second fiscal quarter ended June 27, 2020. For the second quarter of 2020, the Company had net sales of $60,824,000 as compared to $100,394,000 in 2019. For the second quarter of 2020, net sales were down 39% as compared to the same quarter in 2019. In April, sales were down 54% from the same month in the prior year as the result of the COVID-19 pandemic and related government orders that negatively impacted ours and our customers' ability to transact business. Sales recovered gradually over the quarter with May sales volume down 40% and June net sales down 21% from their respective months in the prior year. For the second quarter of 2020, the Company had a loss from continuing operations of $6,979,000 or $0.46 per diluted share as compared to a loss of $1,181,000 or $0.07 per diluted share in the second quarter of 2019.