Unifi reports Q2 EPS (62c) vs ($1.10) last year

Reports Q2 revenue $138.9M vs $136.917M last year. Eddie Ingle, Chief Executive Officer of Unifi (UFI), Inc., stated, “While our results for the second quarter came in slightly below our expectations due to global and localized pressures, we’ve taken numerous proactive actions to position the business for more durable and profitable future growth. This is evident by the recent increase in customer orders and interest we are seeing for some of our Beyond Apparel initiatives and REPREVE Fiber products. Further, to help support this expected growth and make UNIFI a stronger operating company, we are taking steps to optimize our business by consolidating our U.S. manufacturing footprint, which will make us a leaner and more profitable organization without having to sacrifice our ability to service the market. As a result, we believe we are in a better position to drive long-term shareholder value.”