Net loss expanded in the fiscal first quarter ended Oct. 1 to $13,270,000, from a loss of $7,834,000 last year, on 23% lower revenues of $138,844,000 down from $179,519,000 due to weak apparel demand from brands and retailers. UFI’s Repreve recycled tarns accounted for $42.5 million of the top line, up sequentially and year-over-year as a percent of sales. Gross margin was ... Log in to view full article.
