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Unifi Inc (UFI) delivers innovative textile solutions through vertically integrated manufacturing and sustainable practices. This news hub provides investors and industry professionals with authoritative updates on corporate developments, financial performance, and operational milestones.
Access timely press releases and analysis covering earnings reports, product innovations like REPREVE® recycled fiber, strategic partnerships, and sustainability initiatives. Our curated collection ensures transparent tracking of material events shaping Unifi's position in global apparel, automotive, and industrial markets.
Key focus areas include manufacturing expansions, recycled material advancements, and market-specific strategies across North America, Brazil, and Asia. Bookmark this page for convenient access to operational updates and industry leadership insights directly from Unifi's verified sources.
Unifi, Inc. (NYSE: UFI) has announced preliminary results for its third fiscal quarter ended April 2, 2023. The company expects net sales between
Unifi, Inc. (NYSE: UFI) reported second-quarter fiscal 2023 results, revealing net sales of $136.2 million, down 32.4% year-over-year, primarily due to demand disruption in apparel production. The gross loss amounted to $8 million with a gross margin of -5.9%, compared to a profit of $16.9 million and a margin of 8.4% in the previous year. Net loss reached $18 million, or $1.00 per share, against a profit of $0.9 million, or $0.05 per share, last year. Despite these challenges, operating cash flow improved to $7.3 million from a loss of $4 million a year prior. Management remains optimistic about recovering demand in the latter half of the year.
Unifi, Inc. (NYSE: UFI) has announced preliminary results for its second fiscal quarter ended January 1, 2023. The company expects net sales of $135 million to $137 million, reflecting a 24% to 25% decrease compared to the previous quarter, worse than the anticipated 10% to 15%. A negative gross margin is expected between (5.5%) and (6.5%), with an operating loss projected between $19.0 million and $21.0 million. Adjusted EBITDA is expected to be between ($12.0 million) and ($14.0 million). CEO Eddie Ingle cited continued demand disruptions and inventory destocking as significant challenges but remains optimistic about long-term growth and cost-saving measures.
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