earnings
confidence high
sentiment negative
materiality 0.75
Unifi Q2 sales $201.4M (+23.7% YoY) but net income drops to $0.9M from $7.5M
UNIFI INC
2022-Q2 EPS reported
$0.51
revenue$397,402,000
- Net sales $201.4M, up 23.7% YoY; gross margin fell to 8.4% from 15.9% on labor/input costs.
- Net income $0.9M ($0.05 diluted EPS) vs $7.5M ($0.40 EPS) in Q2 FY2021.
- Adjusted EBITDA $10.9M vs $19.2M; trailing 12-month Adj EBITDA $67.1M vs $23.7M.
- REPREVE fiber products represented 40% of sales, up from 38% YoY.
- Company repurchased 51,500 shares for $1.2M under its buyback program.