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Article Date: February 2024
Word Count: 232

Unifi Loss Widens in Fiscal Q2


The red ink deepened at the recycled and synthetic yarn maker to $19,846,000 in the fiscal second quarter ended Dec. 31 from a loss of $18,037,000 last year, on 1% higher revenues of $136,917,000 from $136,212,000. Sales volumes were higher but offset by lower pricing in response to lower raw material costs. Repreve accounted for 33% of sales, compared to 31% last year. Gross margin was up 12,000 basis points, representing a sequential-quarter and year-over-year improvement, buoyed by cost savings initiatives, successful commercial efforts, and stabilized input costs. SG&A was 6% ... Log in to view full article.

 


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