Unifi, Inc. Provides Earnings Guidance for the Second Quarter Ending December 2021 and Fiscal Year 2022
October 25, 2021 at 04:30 pm EDT
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Unifi, Inc. provided earnings guidance for the second quarter ending December 31, 2021 and fiscal year 2022. For the quarter, the company expects net sales to range between $185.0 million and $190.0 million.
For the fiscal 2022, sales volume and REPREVE? Fiber sales growth driving net sales to $750 million or more, which would represent an increase of 12% or more from the level achieved in fiscal 2021.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
UNIFI, INC. 
