Unifi, Inc. (UFI) Tops Q1 EPS by 18c
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Unifi Announces First Quarter Fiscal 2017 Results
October 27, 2016 7:00 AM EDTGREENSBORO, N.C., Oct. 27, 2016 /PRNewswire/ --Â Unifi, Inc. (NYSE: UFI), one of the world's leading synthetic recycled yarn producers, today released operating results for the first quarter ended September 25, 2016.
First Quarter Fiscal 2017 Highlights
The Company's global strategy and focus on premium value-added ("PVA") products drove favorable operating results compared to the prior fiscal year first quarter: Gross profit grew more than $2.5 million, or 12%; Gross margin increased to 14.7% compared to 12.9%; Operating income increased by $2.9 million, or 30%; and Net income increased by $1.4 million,... More