---
schema_version: "secwatch.filing_event.v1"
accession: "0000029332-23-000010"
form_type: "8-K"
ticker: "DXYN"
cik: "0000029332"
company_name: "DIXIE GROUP INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:23:26.914437+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dixie Group reports FY2022 net loss of $35.1M; sales down 11% to $304M

## Summary
- Net sales $303.6M vs $341.2M in 2021; net loss $35.1M vs net income $1.6M.
- Loss from continuing ops $33.4M; gross margin fell to 17.7% from 22.6%.
- Debt increased $22.2M to fund operations and restructuring; borrowing availability $15.3M.
- East coast consolidation cut 24% of associates; expects annual savings >$25M.
- Lost ~$23M sales from largest mass merchant customer; order entry in early 2023 less than 5% below prior year.

## SEC filing metadata
- accession: 0000029332-23-000010
- form_type: 8-K
- ticker: DXYN
- cik: 0000029332
- company_name: DIXIE GROUP INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29332/000002933223000010/0000029332-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29332/000002933223000010/dxyn-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000029332-23-000010
- JSON: https://secwatch.observer/filing/0000029332-23-000010.json
- Plain text: https://secwatch.observer/filing/0000029332-23-000010.txt

## Key facts
- Earnings Releases
  DIXIE GROUP INC reported the year ended December 31, 2022 results: revenue $304 million, net income $35.1 million.
  - Period: the year ended December 31, 2022
  - Revenue: $304 million
  - Net income: $35.1 million
  - Result: reported results
  source text: Net sales for the fiscal year of 2022 were $304 million, or 11% below the net sales of $341 million in the fiscal year of 2021. • The net loss for the fiscal year end 2022 was $35.1 million with a $33.4 million loss from continuing operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000002933223000010/0000029332-23-000010-index.htm
- Earnings Releases
  DIXIE GROUP INC reported the fourth quarter of 2022 results: revenue $70,535,000, net income $18,454,000.
  - Period: the fourth quarter of 2022
  - Revenue: $70,535,000
  - Net income: $18,454,000
  - Result: reported results
  source text: Net sales in the fourth quarter of 2022 were $70,535,000 compared to $89,225,000 in the fourth quarter of the prior year. The net loss on the fourth quarter of 2022 was $18,454,000 with a loss of $17,681,000 from continuing operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000002933223000010/0000029332-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.