UFI Stock Recent News

Unifi (UFI) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.14 per share a year ago.

GREENSBORO, N.C.--(BUSINESS WIRE)--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 third fiscal quarter ended April 2, 2023 and scheduled its third quarter fiscal 2023 earnings conference call. For the third quarter of fiscal 2023, UNIFI expects the following results, compared to the immediately preceding second quarter of fisca.

Excess inventories among clothing retailers is crushing near-term demand for Unifi's yarns, sending revenue sharply lower and pushing the company into losses as high up as the gross profit line. Retailer destocking should finish late in the spring, around the time orders are made for the holiday season, but it will take several quarters for reported results to recover.

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Unifi, Inc. [UFI] Q2 2023 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants Albert Carey - Executive Chairman Eddie Ingle - CEO Craig Creaturo - CFO A.J. Eaker - VP, Finance & Treasurer Conference Call Participants Daniel Moore - CJS Securities Anthony Lebiedzinski - Sidoti & Company Operator Ladies and gentlemen, good morning.

Unifi (UFI) delivered earnings and revenue surprises of 34.59% and 0.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

GREENSBORO, N.C.--( BUSINESS WIRE )--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.

Unifi has seen a sharp downturn in volumes as apparel companies have cut orders in the face of weaker sales and soaring inventories. The inventory correction could take a year or more, but Unifi is still leveraged to a long-term trend of incorporating more recycled materials in apparel.

Unifi, Inc. (NYSE:UFI ) Q1 2023 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants A Eaker - Vice President of Finance and Investor Relations Albert Carey - Executive Chairman Edmund Ingle - Chief Executive Officer and Director Craig Creaturo - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Anthony Lebiedzinski - Sidoti & Co Operator Good morning. My name is Devin, and I will be your conference operator today.

GREENSBORO, N.C.