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Unifi (UFI) Reports Q4 Loss, Tops Revenue Estimates
Unifi (UFI) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.39 per share a year ago.
Zacks | 2 years ago
Unifi's Painful Bottoming Out Drags On, But The Worst Appears To Be Over
Unifi has struggled through a painful customer destocking, as well as fierce competition from Asian producers, leading to ongoing weakness in revenue and margins. Management has responded with cost-cutting measures and efficiency moves to minimize losses and boost margins as the business recovers, and the exit of a regional rival is boosting volumes. Despite challenges, Unifi remains optimistic about a recovery, especially with the ongoing adoption of REPREVE by retailers for sustainability commitments.
Seekingalpha | 2 years ago
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