---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015489"
form_type: "8-K"
ticker: "DXYN"
cik: "0000029332"
company_name: "DIXIE GROUP INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:10:18.526999+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dixie Group Q1 net sales down 14% YoY to $67.1M; operating income turns positive $306K vs loss of $2.2M

## Summary
- Net sales $67.1M, down 14% from $77.6M; net loss from continuing ops narrowed to $1.55M ($0.11/diluted) from $3.34M ($0.22).
- Gross margin expanded to 26.6% from 19.6% on lower raw material costs and plant consolidations; included $1.05M facility consolidation expenses.
- CEO cites mass merchant (Lowe's) channel volume decline as key sales drag; excluding mass merchant, sales down 7%.
- Interest expense rose to $1.9M from $1.1M on higher borrowings and rates; debt increased $4.7M; line of credit availability $13.5M.
- Early Q2 order entry up 14% vs Q1 levels; FY 2023 capex planned at $3.0M.

## SEC filing metadata
- accession: 0001628280-23-015489
- form_type: 8-K
- ticker: DXYN
- cik: 0000029332
- company_name: DIXIE GROUP INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/29332/000162828023015489/0001628280-23-015489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29332/000162828023015489/dxyn-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015489
- JSON: https://secwatch.observer/filing/0001628280-23-015489.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015489.txt

## Key facts
- Earnings Releases
  DIXIE GROUP INC reported first quarter ended April 01, 2023 results: revenue $67,084,000, net income $1,551,000 or $0.11 per diluted share, EPS $0.11 per diluted share.
  - Period: first quarter ended April 01, 2023
  - Revenue: $67,084,000
  - Net income: $1,551,000 or $0.11 per diluted share
  - EPS: $0.11 per diluted share
  - Result: reported results
  source text: For the first quarter of 2023, the Company had net sales of $67,084,000 as compared to $77,575,000 in the same quarter of 2022. Operating income was $306,000 compared to a loss of $2,247,000 in the first quarter of 2022. The operating income in 2023 included expenses totaling $1,050,000 related to facility consolidations. The net loss from continuing operations in the first quarter of 2023 was $1,551,000 or $0.11 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000162828023015489/0001628280-23-015489-index.htm

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