{"id":3805,"date":"2014-04-19T09:16:33","date_gmt":"2014-04-19T03:46:33","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/04\/19\/stanley-furnitures-1q-profits-decline\/"},"modified":"2014-04-19T09:16:33","modified_gmt":"2014-04-19T03:46:33","slug":"stanley-furnitures-1q-profits-decline","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/stanley-furnitures-1q-profits-decline\/","title":{"rendered":"Stanley Furniture&#039;s 1Q profits decline"},"content":{"rendered":"<p>Stanley Furniture Co. said a manufacturing market that remained soft contributed to a<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\n decline in both sales and profits in the first quarter.<\/p>\n<p> The Stanleytown, Va.,-based manufacturer had sales of $75.1 million, down 10.1 percent from a year ago, and net income fell to $1.7 million, a 68.9 percent drop.<\/p>\n<p> Jeffrey Scheffer, CEO of Stanley Furniture, said he was disappointed with the results, but believes they are consistent with conditions in the industry right now.<\/p>\n<p> &#8220;Our business has stabilized over the past few months, and we experienced little change in overall sales trends since late last year,&#8221; Scheffer said.<\/p>\n<p> For 2014, Stanley Furniture expects net sales to be between $300 million and $315 million, which would be about the same as they were in 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stanley Furniture Co. said a manufacturing market that remained soft contributed to a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3805","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=3805"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3805\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=3805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=3805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=3805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}