Cost-cutting is Paying Off for Unifi
Published: 2026-08-21
Cost-cutting is Paying Off for Unifi Cost-cutting is Paying Off for Unifi · Sourcing Journal · Courtesy Arthur Zaczkiewicz Thu, August 20, 2026 at 1:38 PM EDT 4 min read UFI Although Unifi Inc., the recycled and synthetic yarn maker, delivered a net loss for its fiscal fourth quarter, the company posted higher sales and gross profit while reducing expenses. The net loss was $1.2 million, or 6 cents per share, which compares to a net income of $15.5 million, or 82 cents per share, in the same period last year, which the company said included a $35.8 million gain on the sale of a manufacturing facility, and was partially offset by $10.6 million in "transition costs." More from WWD Unifi to Sell $60M in Non-strategic Real Estate to Alleviate Debt Brunello Cucinelli Sees Strong H1 and Nudges Up Its Annual Sales Guidance Mulberry Narrows Losses, Lifts Margins in Fiscal 2026 as Turnaround Strategy Starts to Pay Off Net sales rose 4.1 percent in the quarter to $144.2 million, with revenues from its Repreve Fiber products line coming in at $40.2 million, which represents 28 percent of net sales. Gross profit came in at $14.3 million, which compares to a gross loss of $1.1 million for the same period last year. Eddie Ingle, chief executive officer of Unifi Inc., said the company closed fiscal 2026 "with clear momentum, highlighted by meaningful improvement in profitability and cash generation." "These results reflect disciplined execution of our cost reduction, operational optimizatio…
Originally sourced from Yahoo