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Unifi Announces 2q Decrease

(Filed Under Financial and General Interest News). Unifi, Inc., has announced a decrease in net sales for the second quarter ended December 28, 2008.

Net sales for the second quarter were $125.7 million, down $57.7 million compared to $183.4 million during the same quarter last year.

A statement released by the company said: “Net sales were negatively impacted by the reduced demand for the company’s products caused by sharp declines in consumer spending and compounded by the related effect of excess inventory across the respective supply chains. In addition, the prior year quarter contained approximately $7 million of sales from its commodity POY facility in Kingston, N.C., which ceased operations during that quarter.”

For further information, Ronald Smith, chief financial officer at the company at (336) 316-5545.

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Published 02-12-2009 by Bruna Fernandes

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