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Unifi (UFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Greensboro-based synthetic-fiber company Unifi suffered a bigger decline in sales than expected in its most recent quarter. Unifi reported Thursday that preliminary pre-closing results for its second quarter of fiscal 2023, which ended Jan. 1, showed net sales decreased 24-25% in its first quarter of 2023 to $135-137 million compared to the previous first quarter. Unifi scheduled formal release of its quarterly results for Feb. 2, and Thursday’s report is subject to confirmation based on quart...
Unifi Inc (NYSE: UFI) expects second-quarter FY23 sales of $135 million - $137 million, against the consensus of $142.15 million. The revenue guidance represents a 24% - 25% decrease from Q1 FY23, against the previous expectation of a 10% - 15% reduction. The company specified that the demand trends across apparel producers continue to weigh on its near-term operating performance. The company expects a Q2 gross margin of (5.5%) – (6.5%). Unifi sees an operating loss of $(19) million - $(21) mill
GREENSBORO, N.C., January 19, 2023--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, today announced preliminary results for its second fiscal quarter ended January 1, 2023 and scheduled its second quarter fiscal 2023 earnings conference call.
Every investor in Unifi, Inc. ( NYSE:UFI ) should be aware of the most powerful shareholder groups. The group holding...
What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...
Bottle recycling good but not enough: Unifi expanding its textile-recycling program with post-consumer waste
GREENSBORO, N.C., November 28, 2022--Today, Unifi Inc. (NYSE: UFI), makers of REPREVE® and one of the world’s leading innovators in recycled and synthetic yarns, announced a major expansion of its innovative Textile Takeback™ program. The initiative is designed to collect and recycle polyester-based fabric waste, including both pre- and post-consumer fabrics, and transform it into REPREVE® – the leading recycled performance fiber that powers top brands and sustainable goods worldwide.
Unifi, Inc. ( NYSE:UFI ) shareholders (or potential shareholders) will be happy to see that the Independent Director...
The S&P 500 is coming off its best weekly performance since June thanks to a late week rip-your-face-off rally that was triggered by a better-than-expected October Consumer Price Index (CPI) reading that came out before the bell on Thursday. Rising interest rates already have shellacked the housing sector, and as I noted in my column last Friday the pace of layoffs at well-known companies such as Meta Platforms is picking up.