Unifi narrows loss despite sales dip

Greesnboro - Unifi, the US-based manufacturer of Repreve recycled synthetic yarns, has reported first-quarter fiscal 2027 net sales of $127.9 million, down 5.7% year-on-year, but a marked improvement in profitability and cash flow.

Gross profit rose to $12.5 million, compared with $3.4 million in the corresponding quarter of fiscal 2026 while net loss was $2.0 million, compared to a net loss of $11.4 million for the first quarter of fiscal 2026.