Barry Blank's questions to Dixie Group Inc (DXYN) leadership • Q1 2025
Question
Barry Blank asked about the status of the company's stock buyback program, the level of consolidation in the flooring industry, and any observed changes in consumer buying habits between big-box and boutique retailers.
Answer
Executive Daniel Frierson explained that the stock buyback program is no longer in effect, having been ceased in late 2024. He noted that while some smaller retailers have gone out of business, there has not been significant consolidation among manufacturers or distributors. Frierson also observed that premium products are outperforming the broader market, a typical trend in a downturn, with the company's Fabrica brand performing exceptionally well.