Unifi Q2 revenue falls on trade uncertainty

Reuters02-04 05:25
Unifi <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls on trade uncertainty

Overview

  • Recycled yarn maker's fiscal Q2 revenue fell 12.6% yr/yr due to trade uncertainty

  • Gross profit for fiscal Q2 rose to $3.6 mln from $0.5 mln last year

  • Net loss for fiscal Q2 improved to $9.7 mln from $11.4 mln last year

Outlook

  • Unifi expects lower operating cash flows in Q3 due to increased working capital needs

  • Company sees signs of a return to a normalized operating environment

Result Drivers

  • COST ALIGNMENT - Unifi's cost and footprint reductions improved profitability at lower revenue levels

  • TRADE UNCERTAINTY - Net sales decreased due to lower customer ordering patterns from trade and tariff-related uncertainty

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Beat*

$121.37 mln

$120.18 mln (1 Analyst)

Q2 EPS

-$0.53

Q2 Net Income

-$9.71 mln

Q2 Adjusted EBITDA

-$700,000

Q2 Operating Income

-$7.28 mln

Q2 Pretax Profit

-$8.75 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • Wall Street's median 12-month price target for Unifi Inc is $12.00, about 206.1% above its February 2 closing price of $3.92

Press Release: ID:nBw4LK4cPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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