UFI - Unifi Non-GAAP EPS of -$0.44 revenue of $179.5M
- Unifi press release ( NYSE: UFI ): FQ1 Non-GAAP EPS of -$0.44.
- Revenue of $179.5M (-8.4% Y/Y).
- For FQ2, approximately 10% to 15% lower net sales than the first quarter of fiscal 2023.
- While UNIFI expects significant demand recovery and profitability acceleration to occur following the inventory destocking measures currently in progress at major apparel brands and retailers, the timing of an apparel production recovery is uncertain. Accordingly, UNIFI is withdrawing its previously issued full year fiscal 2023 outlook, teh company said.
For further details see:
Unifi Non-GAAP EPS of -$0.44, revenue of $179.5M