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Dixie Group turnaround profiled in Forbes

The_Dixie_GroupNew York—Forbes has profiled Chattanooga-based carpet manufacturer Dixie Group and noted that the firm’s growth initiatives last year appear to be paying off. 
This was the second consecutive quarter of more than 200% earnings surprise by the company, Forbes noted, after a disappointing financial performance last year.

Forbes said that analysts have been raising their estimates for the current quarter and year, with a consensus average $.09 per share and $.38 per share respectively, up from $.02 per share and $.19 per share, 60 days ago.
 Dixie makes carpet for the high end of both the residential and commercial markets.