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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"