Unifi, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended July 02, 2023
August 23, 2023 at 04:15 pm EDT
Share
Unifi, Inc. reported earnings results for the fourth quarter and full year ended July 02, 2023. For the fourth quarter, the company reported sales was USD 151.06 million compared to USD 217.58 million a year ago. Net loss was USD 15.29 million compared to net income of USD 3.5 million a year ago. Basic loss per share from continuing operations was USD 0.85 compared to basic earnings per share from continuing operations of USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.85 compared to diluted earnings per share from continuing operations of USD 0.19 a year ago.
For the full year, sales was USD 623.53 million compared to USD 815.76 million a year ago. Net loss was USD 46.34 million compared to net income of USD 15.17 million a year ago. Basic loss per share from continuing operations was USD 2.57 compared to basic earnings per share from continuing operations of USD 0.82 a year ago. Diluted loss per share from continuing operations was USD 2.57 compared to diluted earnings per share from continuing operations of USD 0.8 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. 
