---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000892"
form_type: "8-K"
ticker: "UFI"
cik: "0000100726"
company_name: "UNIFI INC"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T12:52:42.665873+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-000892
- form_type: 8-K
- ticker: UFI
- cik: 0000100726
- company_name: UNIFI INC
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100726/000095017023000892/0000950170-23-000892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100726/000095017023000892/ufi-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000892
- JSON: https://secwatch.observer/filing/0000950170-23-000892.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000892.txt

## Key facts
- Earnings Releases
  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
  source text: On January 19, 2023, Unifi, Inc. issued a press release announcing its preliminary operating results for its fiscal second quarter ended January 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/100726/000095017023000892/0000950170-23-000892-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.