earnings
confidence high
sentiment negative
materiality 0.75
Unifi Q4 net sales up 18% but net income falls to $3.5M; guides FY23 sales growth 5%+
UNIFI INC
2022-FY EPS reported
$0.80
revenue$815,758,000
- Net sales $217.6M (+18% YoY); gross margin 8.4% vs 14.9% on higher costs and Asia lockdowns.
- Net income $3.5M ($0.19 EPS) vs $13.4M ($0.70); adj. EPS $0.11 vs $0.37.
- REPREVE Fiber sales 31% of net sales, down from 38% due to Asia lockdowns.
- Fiscal 2023 outlook: expects sales growth of 5% or more.
- Repurchased 515k shares for $7.0M in Q4; FY22 total 616.5k shares for $9.2M.