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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K


                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported) March 09, 2004


                        STANLEY FURNITURE COMPANY, INC.
             (Exact name of registrant as specified in its charter)


     Delaware                  0-14938                     54-1272589
     --------                  -------                     ----------
(State or other              (Commission                  (IRS Employer
  jurisdiction of            File Number)               Identification No.)
  incorporation)


1641 Fairystone Park Highway, Stanleytown, Virginia         24168
- ---------------------------------------------------         -----
      (Address of principal executive offices)           (Zip Code)


Registrant's telephone number, including area code: (276) 627-2000
                                                    --------------



- ------------------------------------------------------------------------------
                   (Former name or former address, if changed
                              since last report.)














ITEM 7.  Financial Statements and Exhibits

    (c)  Exhibits

         The following exhibit is furnished as a part of this report.

         99.1     Press release dated March 9, 2004.

ITEM 9.  Regulation FD Disclosure

         On March 9, 2004, the Registrant issued a press release announcing
revised expecations for revenues and earnings for the first quarter of 2004. The
press release is attached hereto as Exhibit 99.1 and incorporated herein by
reference.








SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         STANLEY FURNITURE COMPANY, INC.

   March 09, 2004                        By: /s/Jeffrey R. Scheffer
   --------------                            ----------------------
       Date                                  Jeffrey R. Scheffer
                                             President and Chief Executive
                                             Officer















                                  EXHIBIT 99.1


FOR IMMEDIATE RELEASE:             CONTACT: DOUGLAS I. PAYNE
March 9, 2004                               Executive Vice President -
                                            Finance and Administration
                                            (276) 627-2157
                                            e-mail:dpayne@stanleyfurniture.com

                                            ANITA W. WIMMER
                                            Treasurer
                                            (276) 627-2446
                                            e-mail:awimmer@stanleyfurniture.com


            STANLEY FURNITURE EXPECTS HIGHER THAN ANTICIPATED REVENUE
                   AND EARNINGS FOR THE FIRST QUARTER OF 2004

STANLEYTOWN, VA, March 9, 2004/PRNewswire/ -- Stanley Furniture Company, Inc.
(Nasdaq-NNM:STLY) announced today that first quarter 2004 sales are now
anticipated to be better than previously expected, and earnings per share are
expected to be in the range of $.66 to $.69, exceeding the previous guidance
range of $.58 to $.63.

"The sales momentum we experienced toward the end of 2003 has continued into the
first quarter of 2004 and we now expect sales to increase 11% to 13% for the
first quarter of 2004 compared to the first quarter of 2003," commented Jeffrey
R. Scheffer, president and chief executive officer. "We will provide second
quarter and update our full year guidance when we announce first quarter
earnings on April 13, 2004," Scheffer concluded.

Established in 1924, Stanley Furniture Company, Inc. is a leading manufacturer
of wood furniture targeted at the upper-medium price range of the residential
market. Manufacturing facilities are located in Stanleytown and Martinsville, VA
and Robbinsville and Lexington, NC. Its common stock is traded on the Nasdaq
stock market under the symbol STLY.

Certain statements made in this release are not based on historical facts, but
are forward-looking statements. These statements can be identified by the use of
forward-looking terminology such as "believes," "estimates," "expects," "may,"
"will," "should," or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy. These
statements reflect the Company's reasonable judgment with respect to future
events and are subject to risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking statements. Such
risks and uncertainties include competition in the furniture industry including
competition from lower-cost foreign manufacturers, the Company's success in
implementing its blended strategy of expanded offshore sourcing and domestic
manufacturing, disruptions in offshore sourcing including those arising from
supply or distribution disruptions or changes in political or economic
conditions affecting the countries from which the Company obtains offshore
sourcing, international trade policies of the United States and countries from
which the Company obtains offshore sourcing, the cyclical nature of the
furniture industry, fluctuations in the price for lumber which is the most
significant raw material used by the Company, fluctuations in foreign freight
cost, credit exposure to customers, capital costs and general economic
conditions. Any forward-looking statement speaks only as of the date of this
press release, and the Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new developments or
otherwise.