Unifi Q3 FY2023 net loss $5.2M; sales up 15.1% sequentially to $156.7M

UNIFI INC

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

Net sales of $156.7M, up 15.1% sequentially but pressured by apparel destocking.
Net loss of $5.2M ($0.29 per share); Adjusted Net Loss of $4.6M.
Adjusted EBITDA of $5.0M, improving $18.0M sequentially from prior quarter.
REPREVE Fiber represented 32% of net sales ($49.6M), impacted by lower Asia volumes.
Gross margin 6.2%; operating loss of $2.7M; liquidity healthy with cost controls.

item 2.02 item 7.01 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 the third fiscal quarter ended April 2, 2023 results: revenue $156.7 million, net income Net loss was $5.2 million, or $0.29 per share, EPS $0.29 per share.

Period: the third fiscal quarter ended April 2, 2023
Revenue: $156.7 million
Net income: Net loss was $5.2 million, or $0.29 per share
EPS: $0.29 per share
Result: reported results

Exact text from the filing

in recycled and synthetic yarns, today released operating results for the third fiscal quarter ended April 2, 2023. Third Quarter Fiscal 2023 Overview • Net sales were $156.7 million, up 15.1% sequentially, yet pressured by near-term inventory destocking measures taken by apparel brands and retailers. • Revenues from REPREVE Fiber products represented 32% of

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Source: SEC EDGAR

accession 0000950170-23-017253

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