Unifi, Inc. Provides Preliminary Unaudited Earnings Guidance for the Third Quarter Ended April 2, 2023
April 24, 2023 at 09:15 pm
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Unifi, Inc. provided preliminary unaudited earnings guidance for the third quarter ended April 2, 2023. For the quarter, the company expects net sales to be between $155 million to $157 million, a sequential quarter increase of 14% to 15%. Operating loss to be between $2 million to $3 million, a sequential quarter improvement of $17 million to $18 million.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
UNIFI, INC. 
