By  on October 31, 2008

ATLANTA — Unifi, Inc. reported a loss of $676,000, or 1 cent per share, in net income for the first quarter, ended Sept. 28, which the Greensboro, N.C.-based fiber company blamed on a continuing decline in sales of existing homes, cars and light trucks.

However, increased sales of Unifi’s premium value-added yarns and other product mix enrichments for markets including apparel contributed to year-over-year margin improvements. The loss compares with a loss of $9.2 million, or 15 cents per share, in the prior third quarter.

Net sales decreased slightly to $169 million from $170,5 million a year ago. Unifi said net sales were positively affected by volume gains in Brazil and strength in its nylon business, which continues to be driven by consumer and fashion preferences.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus