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Article Date: August 2023
Word Count: 174

Unifi Ends Down Year with Optimism for 2024


The maker of Repreve and other recycled yarns ended a difficult year with a loss of $15,289,000 in the final fiscal quarter ended July 2, against a $3,496,000 profit prior, as revenues slipped 31% to $151,058,000 from $217,576,000. Volatile orders from brands and retailers continued to pressure the top line, in what management called the most unusual environment it’s ever seen. Revenues from Repreve fiber products represented 29% of net sales. Gross margin contracted 440 basis points to ... Log in to view full article.

 


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