Unifi, Inc. (UFI) Q1 Revenues Beat

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Unifi Announces First Quarter Fiscal 2019 Results

October 30, 2018 7:00 AM EDT

GREENSBORO, N.C., Oct. 30, 2018 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the first quarter ended September 30, 2018.

First Quarter Fiscal 2019 Highlights

Net sales increased $17.4 million, or 10.6%, to $181.6 million, compared to $164.2 million for the first quarter of fiscal 2018, and increased $24.0 million, or 14.6%, when excluding the impact of foreign currency translation. Revenues from premium value-added ("PVA") products grew 10.1% compared to the first quarter of fiscal 2018, or 14.4% when excluding the impact of foreign currency translation,... More