XML 45 R36.htm IDEA: XBRL DOCUMENT v3.25.2
Quarterly Results (Unaudited)
12 Months Ended
Jun. 29, 2025
Quarterly Financial Data [Abstract]  
Quarterly Results (Unaudited)

25. Quarterly Results (Unaudited)

Quarterly financial data and selected highlights are as follows:

 

 

For the Fiscal Quarter Ended

 

 

 

September 29, 2024

 

 

December 29, 2024

 

 

March 30, 2025

 

 

June 29, 2025

 

Net sales (1)

 

$

147,372

 

 

$

138,880

 

 

$

146,557

 

 

$

138,535

 

Gross profit (loss) (2)

 

 

9,458

 

 

 

534

 

 

 

(445

)

 

 

(1,129

)

Net (loss) income (3)

 

 

(7,632

)

 

 

(11,392

)

 

 

(16,794

)

 

 

15,470

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic (4)

 

$

(0.42

)

 

$

(0.62

)

 

$

(0.92

)

 

$

0.84

 

Diluted (4)

 

$

(0.42

)

 

$

(0.62

)

 

$

(0.92

)

 

$

0.82

 

 

 

 

For the Fiscal Quarter Ended

 

 

 

October 1, 2023

 

 

December 31, 2023

 

 

March 31, 2024

 

 

June 30, 2024

 

Net sales (5)

 

$

138,844

 

 

$

136,917

 

 

$

148,996

 

 

$

157,452

 

Gross (loss) profit (6)

 

 

(575

)

 

 

1,636

 

 

 

4,764

 

 

 

10,791

 

Net loss (7)

 

 

(13,270

)

 

 

(19,846

)

 

 

(10,295

)

 

 

(3,984

)

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic (4)

 

$

(0.73

)

 

$

(1.10

)

 

$

(0.57

)

 

$

(0.22

)

Diluted (4)

 

$

(0.73

)

 

$

(1.10

)

 

$

(0.57

)

 

$

(0.22

)

 

(1)
Net sales for fiscal 2025 includes lower volumes in the Americas and Asia Segments.

 

(2)
Gross profit (loss) for our domestic operations for all fiscal quarters of fiscal 2025 was impacted by softer sales and profitability in the Asia Segment and transition costs in the Americas Segment.

 

(3)
Net (loss) income for our domestic operations for all fiscal quarters of fiscal 2025 includes the adverse pressures on gross profit (loss) which included transition costs. In the fourth quarter of fiscal 2025, UNIFI recorded a gain of $35,807 related the sale of a manufacturing facility.

 

(4)
(Loss) income per share is computed independently for each of the periods presented. The sum of the loss per share amounts for the fiscal quarters may not equal the total for the fiscal year.
(5)
Net sales for fiscal 2024 includes lower volumes in the Americas and Asia Segments as a result of lower global demand in connection with inventory destocking efforts of major brands and retailers.

 

(6)
Gross (loss) profit for our domestic operations for all fiscal quarters of fiscal 2024 was impacted by higher manufacturing costs and lower conversion margins.

 

(7)
Net loss for our domestic operations for all fiscal quarters of fiscal 2024 includes the adverse pressures on gross (loss) profit. Net loss for fiscal 2024 includes both a loss on dissolution of a joint venture and severance costs.