Related Party Transactions

12 Months Ended

Jun. 29, 2025

Related Party Transactions [Abstract]

Related Party Transactions

23. Related Party Transactions

Related party balances and transactions are not material to the consolidated financial statements and, accordingly, are not presented separately from other financial statement captions.

There were no related party receivables as of June 29, 2025 and June 30, 2024, and there were no revenues derived from related parties in the current and prior two fiscal years.

Mr. Kenneth G. Langone, a member of the Board, is a director, shareholder and non-executive Chairman of the Board of Directors of Salem Holding Company. UNIFI leases tractors and trailers from Salem Leasing Corporation, a wholly owned subsidiary of Salem Holding Company. In addition to the monthly lease payments, UNIFI also incurs expenses for routine repair and maintenance, fuel, and other expenses. These leases do not contain renewal options, purchase options, or escalation clauses with respect to the minimum lease charges.

Related party payables for Salem Leasing Corporation consist of the following:

	June 29, 2025		June 30, 2024
Accounts payable	$	293	$	464
Operating lease obligations		113		301
Finance lease obligations		2,665		2,374
Total related party payables	$	3,071	$	3,139

Related party transactions for the current and prior two fiscal years consist of the matters in the table below:

Affiliated Entity	Transaction Type	Fiscal 2025		Fiscal 2024		Fiscal 2023
Salem Leasing Corporation	Payments for transportation    equipment costs and finance    lease debt service	$	4,354	$	4,647	$	4,568

As discussed in Note 12, "Long-Term Debt", UNIFI entered into the 2024 Facility in October 2024 which was collateralized by personal assets of a board member. During the six-month period ended June 29, 2025, UNIFI borrowed $22,000 on the 2024 Facility and used the proceeds to reduce the outstanding ABL Revolver balance.