Unifi pre-announces Q2 FY2023 net sales down ~24-25% sequentially; operating loss expected $19-$21M

UNIFI INC

2023-Q2 EPS reported -$1.44 revenue$315,731,000

Net sales $135-$137M, down 24-25% from Q1; prior guidance was 10-15% decrease.
Negative gross margin (5.5%-6.5%); operating loss $19-$21M; loss before taxes $20-$22M.
Adjusted EBITDA loss $12-$14M, worse than prior expectation of $0 to -$5M loss.
CEO cites inventory destocking and COVID-19 in China as key headwinds; cost controls implemented.
Credit facility amended and extended on Oct 28, 2022 for additional liquidity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIFI INC reported preliminary financial results for the second quarter of fiscal 2023 ended January 1, 2023.

Period: the second quarter of fiscal 2023 ended January 1, 2023
Result: preliminary results

Exact text from the filing

On January 19, 2023, Unifi, Inc. issued a press release announcing its preliminary operating results for its fiscal second quarter ended January 1, 2023

View on SEC.gov

Browse all earnings releases →

UNIFI INC filing history →

Source: SEC EDGAR

accession 0000950170-23-000892

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.