Unifi pre-announces Q3 FY2023: net sales $155-157M, operating loss narrows to $2-3M

UNIFI INC

2023-Q3 EPS reported -$1.72 revenue$472,469,000

Net sales expected $155M-$157M, sequential increase of 14-15%.
Gross profit of $9M-$10M, improving from gross loss of $8M in Q2.
Operating loss between $2M and $3M, a $17M-$18M sequential improvement.
Adjusted EBITDA between $4M and $5M, a $17M-$18M sequential improvement.
Ended quarter with ~$50M cash, net debt $86M, and over $45M available borrowings.

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 fiscal third quarter ended April 2, 2023 results: revenue Net sales between $155 million and $157 million.

Period: fiscal third quarter ended April 2, 2023
Revenue: Net sales between $155 million and $157 million
Result: preliminary results

Exact text from the filing

For the third quarter of fiscal 2023, UNIFI expects the following results, compared to the immediately preceding second quarter of fiscal 2023: • Net sales between $155 million and $157 million, a sequential quarter increase of 14% to 15%; • Gross profit between $9 million and $10 million, a sequential quarter improvement from a gross loss of $8 million; • Operating loss between $2 million and $3 million, a sequential quarter improvement of $17 million to $18 million; and • Adjusted EBITDA between $4 million and $5 million, a sequential quarter improvement of $17 million to $18 million.

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Source: SEC EDGAR

accession 0000950170-23-014096

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