Unifi, Inc. (UFI) Misses Q2 EPS by 14c, Revenues Miss; Offers FY20 Revenue Outlook Below Consensus
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Unifi Announces Second Quarter Fiscal 2020 Results
January 29, 2020 6:30 AM ESTGREENSBORO, N.C., Jan. 29, 2020 /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 quarter of fiscal 2020 ended December 29, 2019.
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... More