Unifi, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of fiscal year 2019
January 14, 2019 at 06:30 am EST
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Unifi, Inc. provided earnings guidance for the second quarter and full year of fiscal year 2019. For the quarter, the company expects net sales of approximately $167 million. Expects operating loss between $1.5 million and $0.5 million. Expects loss before income taxes between $1.5 million and $0.5 million.
For the full year of fiscal year of 2019, the company expects mid-single-digit percentage growth for net sales. Expects operating income between $19.0 million and $23.0 million.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.
UNIFI, INC. 
