Unifi Announces Second Quarter Fiscal 2020 Results
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Unifi, Inc. (UFI) Misses Q2 EPS by 14c, Revenues Miss; Offers FY20 Revenue Outlook Below Consensus
January 29, 2020 6:35 AM ESTUnifi, Inc. (NYSE: UFI) reported Q2 EPS of $0.02, $0.14 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $169.5 million versus the consensus estimate of $174.57 million.
Second Quarter Fiscal 2020 Overview
Net sales of $169.5 million increased 1.1% from the second quarter of fiscal 2019 net sales of $167.7 million.Revenues from premium value-added products represented 57% of consolidated net sales.Selling, general and administrative expenses ("SG&A") decreased $2.3 million compared to the second quarter of fiscal 2019, demonstrating results from previously communicated cost reduction efforts.Operating income was $2.6 million, compared to an... More