×
82 125
Fashion Jobs
RAG & BONE
Sales Supervisor (Full - Time) - Abbot Kinney
Permanent · Los Angeles
RAG & BONE
DTC Business System Manager
Permanent · New York
GUESS
E-Commerce Merchandise Coordinator
Permanent · Los Angeles
BANANA REPUBLIC
General Manager - Mall at Green Hills
Permanent · Nashville
JCPENNEY
Director of Email Marketing
Permanent · Plano
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Rapid City
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Denver
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Derby
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Henderson
NORDSTROM
Inventory Control Specialist - Alderwood Mall
Permanent · Lynnwood
NORDSTROM INC
Asset Protection Coordinator - The Village at Totem Lake Rack
Permanent · Kirkland
NORDSTROM
Asset Protection - Security Ambassador - Upper Marlboro Distribution Center
Permanent · Upper Marlboro
NORDSTROM INC
Asset Protection - Agent - Michigan Avenue
Permanent · Chicago
NORDSTROM
Asset Protection - Security Ambassador - Belle Isle Station Rack
Permanent · Oklahoma City
NORDSTROM INC
Asset Protection - Security Ambassador - Glendale Fashion Center Rack
Permanent · Glendale
NORDSTROM
Asset Protection Coordinator - Menlo Park
Permanent · Edison
NORDSTROM
Asset Protection - Security Ambassador - Palm Beach Outlets Rack
Permanent · West Palm Beach
NORDSTROM
Asset Protection Agent - Downtown Portland Rack
Permanent · Portland
NORDSTROM
Asset Protection - Agent - Park Meadows Rack
Permanent · Littleton
NORDSTROM
Asset Protection - Agent - Fulton Street Rack
Permanent · New York
NORDSTROM INC
Asset Protection - Agent - Washington Square
Permanent · Tigard
NORDSTROM
Asset Protection Agent - Irvine Spectrum Center
Permanent · Irvine
By
Fibre2Fashion
Published
Aug 9, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

US yarn innovator Unifi's fourth quarter sales leap 114%

By
Fibre2Fashion
Published
Aug 9, 2021

Unifi, a US-based innovator in recycled and synthetic yarns, has reported 114 per cent sales growth to $184.4 million in its fourth quarter (Q4) of FY21 ended on June 27, compared to sales of $86 million in the same period of last year. Net income for Q4 improved to $13.4 million (Q4 FY20: loss $20.2 million).



 
“Our fourth quarter fiscal 2021 results demonstrated the resilience of our global business model and the value that our innovative solutions bring to our global customer base. We delivered strong performance across all segments during the period, driven by our team’s commitment to meeting the needs of our customers in what remains a dynamic business environment,” Eddie Ingle, chief executive officer of Unifi, said.
 
Gross profit for the period was $27.4 million (up from a loss of $9.4 million), while operating income rose to $13.9 million (loss: $20.8 million).

The company’s two primary segments polyester and nylon recorded increase in sales to $87.8 million and $47.9 million respectively. Whereas sales from Asia during fourth quarter climbed to $53.3 million and Brazil sales escalated to $23.4 million.
 
“The fourth quarter was underpinned by record sales performance in Asia and strong pricing by our Brazil segment, which achieved a robust gross margin despite pandemic restrictions in April 2021. The polyester segment also benefited from further demand recovery, and momentum for Repreve Fibre products remains strong as our team continues growing our innovative and sustainable product portfolio,” Ingle added.
 
For its upcoming fiscal 2022 year, Unifi said that although Asia and the polyester segment are expected to generate modest profitability growth, the company does not expect the Brazil segment to continue at FY21 levels. Consequently, the company expects sales growth of 10 per cent against FY21, driven by Repreve Fibre sales growth.

Copyright © 2021 Fibre2Fashion. All rights reserved.