North Carolina based Burke Mills Inc reports operating results for the thirteen weeks and twenty-six weeks ended July 2, 2005.
Net sales for the thirteen weeks ending July 2, 2005 decreased by 2.0 percent to $6,579,000 compared to $6,710,000 for the second quarter of 2004.
The Company recorded a net loss of ($659,000) for the thirteen-week period compared to a net loss of ($84,000) for the same period in 2004. This resulted in a net loss per share of ($.24) compared to net loss of ($.03) in 2004.
Click here for the twenty-six week period ending July 2, 2005
Burke Mills was founded in 1948. When Frank Gaddy and Leon Guigou opened the first dyehouse in a 1200 square foot warehouse just outside Valdese, North Carolina. It began with eight employees and a capacity of 500 pounds per week. The business grew quickly and within two years Burke Mills was dyeing polyester, rayon and acetate wrap yarn.
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