Net loss narrowed 15% to $9,706,000 from a loss of $11,392,000 for the fiscal second quarter ended Dec. 28, as sales declined 13% to $121,368,000 from $138,880,000, with demand for all categories hurt by tariffs and macro uncertainties. Repreve Fiber products posted $34.3 million in sales, off 21% and contracting 300 b.p. to 28% of revenue. The company put an additional cost-alignment plan into place during Oct. to bolster the multi-year effort, ... Log in to view full article.
