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Unifi’s Profits Slashed by Higher Costs, Production Problems

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Unifi Inc. saw a precipitous decline in net income and gross profit, impacted by U.S. labor, production and input cost challenges. In a Nutshell: Unifi, makers of Repreve and other recycled and synthetic yarns, updated its expectations for fiscal 2022 on Thursday, with overall volume and Repreve fiber sales growth seen driving net sales to…

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