Unifi, Inc. (UFI) Tops Q2 EPS by 12c, Revenues Beat; Offers FY19 Outlook
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Unifi Announces Second Quarter Fiscal 2019 Results
February 4, 2019 6:00 AM ESTGREENSBORO, N.C., Feb. 4, 2019 /PRNewswire/ --Â Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the second fiscal quarter ended December 30, 2018.
Second Quarter Fiscal 2019 Overview
Net sales increased slightly to $167.7 million from $167.5 million for the second quarter of fiscal 2018. Revenues from premium value-added ("PVA") products represented approximately 47% of consolidated net sales. Gross margin was 8.4%, compared to 13.5% for the second quarter of fiscal 2018, primarily impacted by higher product costs, lower regional yarn volumes and a... More