Unifi, Inc. (UFI) Tops Q1 EPS by 18c

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Go back to Unifi, Inc. (UFI) Tops Q1 EPS by 18c

Unifi Announces First Quarter Fiscal 2017 Results

October 27, 2016 7:00 AM EDT

GREENSBORO, N.C., Oct. 27, 2016 /PRNewswire/ -- 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