WestPoint Home Boosts Sales, Narrows Operating Loss

NEW YORK - Better volume from existing accounts pushed sales ahead for WestPoint home during the recently concluded quarter.
     "We're seeing demand slightly up," Dan Ninivaggi, president of WestPoint parent company Icahn Enterprises, said during the company's quarterly analyst call last week. Sales volume in the last several weeks "seems to be flattening out," he added.
     Sales rose 24% to $107 million for the second quarter ended June 30. Operating loss narrowed to $10 million from $16 million in the year-ago period.
     For the first half of the fiscal year, sales were up 12% to $190 million, while operating loss declined to $24 million from $34 million in last year's first six months.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!