Unifi, Inc. Reports Earnings Results for the First Quarter Ended October 01, 2023
November 01, 2023 at 04:15 pm EDT
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Unifi, Inc. reported earnings results for the first quarter ended October 01, 2023. For the first quarter, the company reported sales was USD 138.84 million compared to USD 179.52 million a year ago. Net loss was USD 13.27 million compared to USD 7.83 million a year ago.
Basic loss per share from continuing operations was USD 0.73 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to USD 0.44 a year ago.
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. 
