Winston-Salem Journal
Subscribe!
|
 
BusinessBusiness

Unifi posts fourth consecutive quarterly loss

By: Richard Craver | Winston-Salem Journal
Published: July 29, 2009
»  Comments | Post a Comment

Continued soft consumer demand for its yarn products led to a fourth consecutive quarterly loss for Unifi Inc., the Greensboro manufacturer said today.
The company, which has its largest manufacturing operations in Yadkinville, said it had a loss of $9.5 million in its fourth quarter of 2009, which ended June 28.
By comparison, it posted net income of $771,000 in the fourth quarter of 2008.
The loss was triggered primarily by a 26 percent decline in sales to $139.8 million. Unifi also said its earnings were affected by a temporary increase in polyester raw materials prices caused by the curtailment of key production plants.
Unifi posted an earnings loss of 15 cents a share compared with earnings of 1 cent a year ago.
Analysts surveyed by Zacks Investment Research had forecasted a 4 cent loss for the quarter.

Terms and Conditions

Share This:

Share - More More

Advertisement

 
View More: Business_Finance, Cent, Greensboro, Manufacturing Operations, Unifi Inc., Usd, Yadkinville, Yarn Products
Not what you're looking for? Try our quick search:
 

More from this channel:

 

 

Advertisement

Reader Comments

*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.

Deal of the Day

Advertisement

 

More Ways to Connect

Advertisement

Breaking News Email Alerts

Breaking News Email Alerts

Get breaking news sent straight to your inbox!

Privacy Policy

News and Features Galleries

Advertisement

Media General
 DealTaker.com - Coupons and Deals
DealTaker.com Coupon Codes KewlBoxBoxerJam: Games & Puzzles
Games, Puzzles & Trivia
 Blockdot: Advergaming and Branded Media
Advergaming and Branded Media