---
schema_version: "secwatch.filing_event.v1"
accession: "0000029332-24-000032"
form_type: "8-K"
ticker: "DXYN"
cik: "0000029332"
company_name: "DIXIE GROUP INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:00:46.492539+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dixie Group Q1 net sales down 2.7% to $65.3M; posts operating loss of $857K

## Summary
- Net loss from continuing ops of $2.41M ($0.16/sh) vs $1.55M ($0.11/sh) in Q1 2023.
- Gross margin fell to 24.2% from 26.6% due to under absorbed fixed costs on lower volume.
- Board approved stock repurchase of up to $2.8M of common stock.
- New nylon extrusion line began operations; company targets $10M in cost savings in 2024.
- Q2 first four weeks net sales up ~4% YoY; order entry down ~8% YoY.

## SEC filing metadata
- accession: 0000029332-24-000032
- form_type: 8-K
- ticker: DXYN
- cik: 0000029332
- company_name: DIXIE GROUP INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29332/000002933224000032/0000029332-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29332/000002933224000032/dxyn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000029332-24-000032
- JSON: https://secwatch.observer/filing/0000029332-24-000032.json
- Plain text: https://secwatch.observer/filing/0000029332-24-000032.txt

## Key facts
- Earnings Releases
  DIXIE GROUP INC reported first quarter ended March 30, 2024 results: revenue $65,254,000, net income net loss from continuing operations in the first quarter of 2024 was $2,410,000, EPS $0.16 per diluted share.
  - Period: first quarter ended March 30, 2024
  - Revenue: $65,254,000
  - Net income: net loss from continuing operations in the first quarter of 2024 was $2,410,000
  - EPS: $0.16 per diluted share
  - Result: reported results
  source text: (May 2, 2024) -- The Dixie Group, Inc. (NASDAQ: DXYN) today reported financial results for the quarter ended March 30, 2024. • Net sales in the first quarter of 2024 were $65.3 million compared to $67.1 million in the same period of the prior year • The gross profit margin for the three months of the first quarter of 2024 was 24.2% of net sales compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000002933224000032/0000029332-24-000032-index.htm

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