Unifi Expects Third Quarter Net Sales to Reach Between $155M – $157M
April 26, 2023
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Unifi ($NYSE:UFI) Inc., a publicly traded company, has recently released a financial statement that anticipates their net sales for the third quarter of the year to be in the range of $155M to $157M. This is an outstanding performance for the company, which has seen steady revenue growth since its inception. Unifi Inc. is a leading provider of synthetic and recycled yarns, used in apparel and home furnishings. The company is a global leader in providing innovative solutions in terms of product design and yarn technology. They have a wide range of products, such as spandex, polyester, nylon, and many more. The third quarter net sales for Unifi Inc. are expected to be in the range of $155M to $157M.
This would be an increase from the previous quarters’ results, which were already impressive. The company’s financial statement has stated that this increase in sales is driven by strong demand from both the apparel and home furnishing markets. This would be great news for the company, as it would continue to solidify their position as a global leader in the textile industry. With this news, it is likely that investors in Unifi Inc. will remain optimistic about the future of the company.
Share Price
The news caused UNIFI stock to open at $7.4 and close at $7.3, a decrease of 1.4% from its previous closing price of $7.4. UNIFI’s senior management team has expressed confidence in their ability to continue to meet their customers’ needs despite the challenges of the pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unifi. More…
| Total Revenues | Net Income | Net Margin |
| 734.09 | -20.31 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unifi. More…
| Operations | Investing | Financing |
| 11.6 | -47.17 | 40.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unifi. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 528.23 | 193.35 | 18.55 |
Key Ratios Snapshot
Some of the financial key ratios for Unifi are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.2% | 36.4% | -1.6% |
| FCF Margin | ROE | ROA |
| -4.5% | -2.2% | -1.4% |
Analysis
GoodWhale has conducted an analysis of UNIFI‘s wellbeing as a potential investment. Our Risk Rating has determined that UNIFI is a medium risk investment, taking into consideration both its financial and business prospects. While this rating is moderate, it is important to note that GoodWhale has detected two risk warnings in UNIFI’s income sheet and balance sheet. To obtain more detailed information about these warnings, we recommend becoming a registered GoodWhale user. With the data at your fingertips, you can make the most informed decision about your investments. More…
Peers
The company has a diversified product portfolio and a wide range of customers. Unifi‘s competitors include Valson Industries Ltd, Pioneer Embroideries Ltd, and Hsin Sin Textile Co Ltd.
– Valson Industries Ltd ($BSE:530459)
Valson Industries Ltd is a publicly traded company with a market capitalization of 189.22M as of 2022. The company has a return on equity of 2.05%. Valson Industries Ltd is engaged in the manufacture and sale of textile products. The company’s products include fabrics, garments, and home furnishings.
– Pioneer Embroideries Ltd ($BSE:514300)
Pioneer Embroideries Ltd is a publicly traded company with a market capitalization of 1.15 billion as of 2022. The company has a return on equity of 7.28%. Pioneer Embroideries Ltd is engaged in the business of manufacturing and marketing embroidery products. The company’s products are sold under the brand names of Pioneer, Janome, and Husqvarna.
– Hsin Sin Textile Co Ltd ($TPEX:4406)
Hsin Sin Textile Co Ltd is a textile company that produces a wide range of textile products, including fabrics, yarns, garments, and home textiles. The company has a market cap of 547.67M as of 2022 and a return on equity of 2.47%. Hsin Sin Textile Co Ltd is a publicly traded company listed on the Taiwan Stock Exchange.
Summary
Unifi Inc. is an American manufacturing company that is expected to report strong revenue growth in its third quarter. This growth is being driven by several initiatives the company has undertaken over the past year, most notably their efforts to gain market share in the apparel and home textiles markets. Investors should continue to monitor Unifi’s performance as it is on track to become a major player in the industry. Furthermore, their strong financials and their increasing presence in the market place make them an attractive investment opportunity.
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