secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001564590-22-028954
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi Q4 net sales up 18% but net income falls to $3.5M; guides FY23 sales growth 5%+
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000156459022028954/0001564590-22-028954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000156459022028954/ufi-8k_20220810.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-028954

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer