NYSE$UFI
Unifi Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter fiscal 2024 results, showing financial performance enhanced by recently implemented Profitability Improvement Plan.
UNIFI reported net sales of $149.0 million, a 9% increase from the previous quarter, driven by higher sales volumes. Gross profit was $4.8 million, with a gross margin of 3.2%. Net loss was $10.3 million, or $0.57 per share.
- Net sales increased by 9% compared to the second quarter of fiscal 2024, driven by higher sales volumes.
- REPREVE Fiber products accounted for $46.8 million, representing 31% of net sales.
- Gross profit improved sequentially due to cost-saving initiatives and increased productivity.
- Net loss decreased compared to the previous quarter.
Headline financials
Revenue & EPS history
Unifi · Revenue · Quarterly
$149M
Forward guidance
UNIFI expects improved quarterly net sales and earnings results on a sequential basis due to benefits from cost reset and commercial improvements. They anticipate net sales between $160.0 million and $165.0 million and Adjusted EBITDA between $4.0 million and $6.0 million for the fourth quarter of fiscal 2024.
Tailwinds
- Anticipated improvement in quarterly net sales.
- Expected improvement in earnings results on a sequential basis.
- Benefits from cost-saving measures are expected to materialize.
- Commercial improvements are expected to contribute positively.
- Confident in their position as the partner of choice for brands and customers globally.
Headwinds
- Continued volatility in the effective tax rate.
- Unspecified risks associated with implementing cost-saving measures.
- Dependence on successful investment in specific business areas.
- Potential challenges in driving growth for UNIFI.
- Uncertainties in delivering value for stakeholders.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.4%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+24.1%
Q4 2024
Best reaction
-24.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.4% | +15.0% | +12.6% | |
| Q2 2026 | +10.9% | -1.0% | -3.2% | |
| Q1 2026 | -5.8% | -17.3% | -28.7% | |
| Q3 2025 | -1.0% | -7.1% | -1.4% | |
| Q2 2025 | -9.5% | -10.3% | -11.8% | |
| Q1 2025 | -10.5% | -6.3% | -18.7% | |
| Q4 2024 | +24.1% | +40.4% | +39.5% | |
| Q3 2024 | +16.1% | +7.2% | +10.5% | |
| Q2 2024 | -5.9% | -5.3% | -8.9% | |
| Q1 2024 | -10.4% | -3.4% | -3.0% | |
| Q4 2023 | -17.8% | -11.7% | -6.4% | |
| Q3 2023 | -2.6% | +0.6% | -8.4% | |
| Q2 2023 | +15.8% | +2.6% | +22.5% | |
| Q1 2023 | -24.1% | +12.2% | +15.6% | |
| Q4 2022 | -8.8% | -7.0% | -21.5% | |
| Q3 2022 | -8.8% | -5.2% | -3.6% | |
| Q2 2022 | -16.9% | -14.6% | -14.7% | |
| Q1 2022 | +4.0% | +9.6% | -0.8% | |
| Q4 2021 | +9.2% | +8.8% | +13.4% | |
| Q3 2021 | -4.7% | +1.6% | -1.4% | |
| Q2 2021 | +11.6% | +22.3% | +29.2% | |
| Q1 2021 | +18.3% | +12.7% | +19.6% | |
| Q4 2020 | -4.3% | +4.8% | +0.2% | |
| Q3 2020 | +8.0% | -1.2% | +28.4% | |
| Q2 2020 | -23.1% | -20.1% | -21.8% | |
| Q1 2020 | +14.3% | +12.2% | +1.3% | |
| Q4 2019 | +5.7% | +10.1% | +17.3% | |
| Q3 2019 | -3.3% | +3.0% | -6.7% | |
| Q2 2019 | -5.2% | +0.3% | -0.3% | |
| Q1 2019 | -4.5% | +10.1% | +16.1% | |
| Q4 2018 | +6.9% | +6.0% | +6.5% | |
| Q3 2018 | -9.7% | -14.6% | -8.0% | |
| Q2 2018 | +1.7% | -1.1% | -1.4% | |
| Q1 2018 | -0.2% | +6.4% | -0.1% | |
| Q4 2017 | +4.0% | +8.1% | +3.8% | |
| Q3 2017 | +5.3% | -0.1% | -0.6% | |
| Q2 2017 | -7.7% | -13.6% | -10.7% | |
| Q1 2017 | +0.5% | -2.2% | +11.4% | |
| Q4 2016 | -7.3% | -7.2% | -13.1% | |
| Q3 2016 | +22.8% | — | — | |
| Q2 2016 | -9.9% | — | — | |
| Q1 2016 | -7.5% | — | — | |
| Q4 2015 | -0.3% | — | — | |
| Q3 2015 | -4.9% | — | — | |
| Q2 2015 | +2.9% | — | — | |
| Q1 2015 | -11.9% | — | — | |
| Q4 2014 | +10.5% | — | — | |
| Q3 2014 | +2.6% | — | — | |
| Q2 2014 | -6.0% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | +5.8% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q3 2011 | -5.5% | — | — | |
| Q2 2011 | +1.8% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q4 2011 | +4.3% | — | — | |
| Q1 2011 | +4.3% | — | — | |
| Q1 2012 | +4.3% | — | — | |
| Q3 2010 | -5.3% | — | — |
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