---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001612"
form_type: "8-K"
ticker: "UFI"
cik: "0000100726"
company_name: "UNIFI INC"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:17:56.878597+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Unifi Q2 FY2023 net loss $1.00/share; sales down 32.4% on inventory destocking

## Summary
- Net sales $136.2M, down 32.4% YoY; REPREVE revenue fell to $42.9M (31% of sales) from $81.5M (40%).
- Gross loss of $8.0M vs gross profit of $16.9M YoY; operating loss $19.8M vs income $4.6M.
- Net loss $18.0M ($1.00 diluted EPS); adjusted net loss $21.8M; adjusted EBITDA -$13.0M.
- Credit facility amended to $230M, maturity extended to Oct 2027; net debt stable at $79.6M.
- Cash from operations $7.3M for H1 FY2023 vs -$4.0M prior year, aided by working capital controls.

## SEC filing metadata
- accession: 0000950170-23-001612
- form_type: 8-K
- ticker: UFI
- cik: 0000100726
- company_name: UNIFI INC
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100726/000095017023001612/0000950170-23-001612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100726/000095017023001612/ufi-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001612
- JSON: https://secwatch.observer/filing/0000950170-23-001612.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001612.txt

## Key facts
- Earnings Releases
  UNIFI INC reported the second fiscal quarter ended January 1, 2023 results: revenue $136.2 million, net income Net loss was $18.0 million, or ($1.00) per share, EPS ($1.00) per share.
  - Period: the second fiscal quarter ended January 1, 2023
  - Revenue: $136.2 million
  - Net income: Net loss was $18.0 million, or ($1.00) per share
  - EPS: ($1.00) per share
  - Result: reported results
  source text: Net sales were $136.2 million, a decrease of 32.4% from the second quarter of fiscal 2022, primarily attributable to temporary demand disruption in the Americas and Asia Segments caused by near-term inventory destocking measures taken by apparel brands and retailers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100726/000095017023001612/0000950170-23-001612-index.htm

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