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Article Date: May 2023
Word Count: 158

Unifi Sees Sales Improving but Still in the Red


The bottom line swung to a $5,184,000 loss in the fiscal third quarter ended Apr. 2 from a profit of $2,066,000 on 22% lower revenues of $156,738,000, down from $200,780,000. Repreve recycled fiber accounted for 32% of sales ($49.6 mm), weighed down by lower sales in Asia, declining 36% from last year. Gross margin was just 6.2%, down from 9.5% prior, while SG&A was 16% lower in dollars, still deleveraging ... Log in to view full article.

 


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