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Unifi, Inc. reported earnings declined 56.3 percent in the third fiscal quarter ended March 27 as lower gross margins offset a 12.3 percent revenue gain. The parent of Repreve said sales and profitability were in line with expectations.
The following is management's discussion and analysis of certain significant factors that have affected UNIFI's operations, along with material changes in financial condition, during the periods included in the accompanying condensed consolidated financial statements. A reference to a "note" in this section refers to the accompanying notes to condensed consolidated financial statements. A reference to the "current period" refers to the three-month period ended March 28, 2021, while a reference to the "prior period" refers to the three-month period ended March 29, 2020. A reference to the "...
Unifi Announces Significantly Improved Second Quarter Fiscal 2021 Results Stronger than expected performance and focused execution drives one of the best quarterly margin and profitability performances over the last decade News provided by Share this article GREENSBORO, N.C., Jan. 27, 2021 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the second quarter of fiscal 2021, which ended December 27, 2020. Second Quarter Fiscal 2021 Overview Net sales were $162.8 million, a decrease of 4.0% year-...