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High Input Costs and Weak Basic Yarn Sales Cut Into Unifi’s Bottom Line

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Unifi Inc. reported an uptick in sales in its fiscal second quarter, but earnings plummeted on high raw material costs and lower sales on commodity yarns. In a Nutshell: International growth was offset by headwinds that suppressed profitability in the second quarter and first half of fiscal 2019 for Unifi Inc. However, the Greensboro, N.C.-based…

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