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Sep 29, 2024
Unifi Q1 2025 Earnings Report
Unifi's Q1 2025 results were released, showing sales and earnings consistent with expectations and reiterating year-over-year improvement for fiscal 2025.
Key Takeaways
Unifi, Inc. reported net sales of $147.4 million, a 6% increase year-over-year, driven by higher sales volumes. The company experienced a net loss of $7.6 million, or $0.42 per share, an improvement from the previous year's net loss of $13.3 million, or $0.73 per share. Gross profit improved to $9.5 million, and adjusted EBITDA was $3.3 million, compared to $(4.8) million in the prior year.
Net sales increased by 6% to $147.4 million, driven by higher sales volumes.
REPREVE Fiber products contributed $44.7 million, representing 30% of net sales.
Gross profit improved to $9.5 million due to cost-saving initiatives and increased productivity.
Net loss decreased to $7.6 million, or $0.42 per share, from $13.3 million, or $0.73 per share, year-over-year.
Revenue by Geographic Location
Forward Guidance
UNIFI expects net sales between $140.0 million and $145.0 million, adjusted EBITDA loss between $(4.0) million and $(2.0) million, and capital expenditures between $4.0 million and $5.0 million for the second quarter of fiscal 2025. For the full year fiscal 2025, UNIFI expects net sales to increase 10% over fiscal 2024, significant increases in gross profit, gross margin, and Adjusted EBITDA, and capital expenditures of approximately $12.0 million.
Positive Outlook
- Net sales to increase 10% over fiscal 2024.
- Gross profit expected to increase significantly from fiscal 2024 to fiscal 2025.
- Gross margin expected to increase significantly from fiscal 2024 to fiscal 2025.
- Adjusted EBITDA expected to increase significantly from fiscal 2024 to fiscal 2025.
- Capital expenditures of approximately $12.0 million.
Challenges Ahead
- Macroeconomic uncertainties remain pronounced until calendar 2025.
- Inflationary uncertainties remain pronounced until calendar 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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