Brief: Unifi Reports Q1 Earnings Per Share $0.18

Unifi

26/10/2020 20:56

Oct 26 (Reuters) - Unifi Inc  UFI.N :
    * UNIFI ANNOUNCES STRONG SEQUENTIAL GROWTH WITH FIRST
QUARTER
FISCAL 2021 RESULTS
    * Q1 EARNINGS PER SHARE $0.18
    * Q1 SALES $141.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$126.8
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.33 -- REFINITIV IBES
DATA
    * INITIAL RECOVERY IN NET SALES AND PROFITABILITY IN Q1 2021
APPEARS CONSISTENT WITH IMPROVEMENTS IN APPAREL INDUSTRY
    * $22.0 TO $25.0 MILLION OF CAPITAL EXPENDITURES ARE
EXPECTED FOR
FISCAL 2021
    * ENTERING Q2 OF FISCAL 2021, NET SALES TRENDS ARE
ENCOURAGING AND
ARE EXPECTED TO CONTINUE TO IMPROVE

Source text for Eikon:  ID:nPn3nWt1ha 
Further company coverage:  UFI.N 

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