Welcome to our dedicated page for Unifi news (Ticker: UFI), a resource for investors and traders seeking the latest updates and insights on Unifi stock.
UNIFI, Inc. manufactures and sells recycled and synthetic yarns, with company updates centered on REPREVE-branded products, polyester and nylon yarn categories, and segment conditions in the Americas, Brazil and Asia. Its yarns are used by manufacturers, knitters and weavers serving apparel, hosiery, home furnishings, automotive, industrial and other end markets.
Recurring news covers quarterly operating results, cash flow, debt levels, cost and footprint actions, demand volatility, trade and tariff conditions, and product innovation. Product announcements include Luxel, a linen-inspired performance yarn; ThermaLoop insulation powered by REPREVE Textile Takeback; REPREVE Takeback circular polyester; FiberPrint tracer technology; and U-TRUST recycled-content verification.
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Unifi, Inc. (NYSE: UFI) has announced preliminary results for its third fiscal quarter ended April 2, 2023. The company expects net sales between $155 million and $157 million, marking a sequential quarter increase of 14% to 15%. A significant recovery is observed in gross profit, estimated between $9 million and $10 million, improving from a gross loss of $8 million. Additionally, the operating loss is projected to be between $2 million and $3 million, an improvement of $17 million to $18 million sequentially. Adjusted EBITDA is expected between $4 million and $5 million, also reflecting a notable sequential improvement. The company aims for continued growth as market conditions normalize.
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