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Unifi’s Profits Hit by “Persistent Headwinds” in Fiscal 2019

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Hurt by volatility in material costs and low-cost imports, yarn maker Unifi Inc. saw net income plummet and sales soften in its fiscal fourth quarter. In a Nutshell: Unifi, a manufacturer of recycled and synthetic yarns, achieved sales growth of 6 percent in its fiscal fourth quarter, despite continued pressure from low-cost imports into the…

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