New insider activity at Unifi ( (UFI) ) has taken place on February 13, 2025.
Kenneth Langone has made a significant investment in Unifi by purchasing 34,097 shares of the company’s stock, amounting to a total value of $187,078. This move demonstrates a strong vote of confidence in Unifi’s future prospects.
Recent Updates on UFI stock
Unifi Inc. has announced its Q2 fiscal 2025 results, highlighting a 1.4% increase in net sales to $138.9 million but a net loss of $11.4 million, improving from a $19.8 million loss the previous year. The company is undergoing strategic initiatives, including the closure of its Madison, North Carolina facility, to consolidate operations and improve efficiency, which is expected to enhance profitability despite incurring restructuring charges. Unifi’s earnings call revealed cautious optimism with improvements in revenue trends and strategic market expansions, particularly in military and carpet segments. The company faces challenges in Asia due to economic pressures and tariffs affecting sales. Nonetheless, Unifi remains focused on sustainable growth through its REPREVE Fiber products and Beyond Apparel initiatives, with expectations of improved financial metrics in upcoming quarters.
More about Unifi
YTD Price Performance: -14.43%
Average Trading Volume: 62,423
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $102M