Unifi Announces First Quarter Fiscal 2019 Results
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Unifi, Inc. (UFI) Q1 Revenues Beat
October 30, 2018 7:10 AM EDTUnifi, Inc. (NYSE: UFI) reported Q1 EPS of $0.10, which may not compare to the analyst estimate of $0.27. Revenue for the quarter came in at $181.6 million versus the consensus estimate of $172.27 million.
GUIDANCE:
Fiscal 2019 contains 53 fiscal weeks, with the additional week included in the first fiscal quarter. The Company's second quarter gross profit will be unfavorably impacted by a surge in polyester raw material costs in September, which was driven by higher global demand and tighter supply for polyester feedstocks, and a seasonal shut-down period in December 2018, which... More
