Unifi, Inc. (UFI) Misses Q2 EPS by 14c, Revenues Miss; Offers FY20 Revenue Outlook Below Consensus

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Go back to Unifi, Inc. (UFI) Misses Q2 EPS by 14c, Revenues Miss; Offers FY20 Revenue Outlook Below Consensus

Unifi Announces Second Quarter Fiscal 2020 Results

January 29, 2020 6:30 AM EST

GREENSBORO, N.C., Jan. 29, 2020 /PRNewswire/ -- 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