Unifi Inc. from US is listed in NYSE (UFI).
Current price as on November 16, 2024:-
NYSE: US$5.60
UNIFI, Inc. (NYSE: UFI) is a global textile solutions provider and one of the world’s leading innovators in manufacturing synthetic and recycled performance fibers. Through REPREVE®, one of UNIFI’s proprietary technologies and the global leader in branded recycled performance fibers, UNIFI® has transformed more than 40 billion plastic bottles into recycled fiber for new apparel, footwear, home goods and other consumer products. Products are Filament Yarn, Spun Yarn, Staple Fiber, Resin and rPET Flake, the company is a global leader in fiber science and sustainable synthetics. The company provides products to multiple categories such as apparel, footwear, furnishings, industrial, medical, military, mobility and packaging. Their products are verified for sustainability and environmental impact, the company is equipped with all the necessary certifications and verifications, such as, U-Trust Verification, GRS Certification, SCS Certification, Oeko-Tex Certification and Oceancycle. REPREVE is highly successful product, made from post-consumer plastic and textile waste, it is a performance fiber and resin. Many of world’s leading brands use REPREVE.
The result of the first quarter of fiscal 2025, sales and earnings results consistent with expectations. An increase of 6% in the net sales comparing to the first quarter of fiscal 2024, primarily driven by higher sales volumes. There is a y-o-y improvement in gross profit and gross margin due to the existing cost-saving initiatives and increased productivity. Eddie Ingle, CEO of UNIFI, Inc., said in the recent statement that their financial results for the first quarter were in line with their expectations and the company is confident to enhance future financial performance and increase shareholder value.
Disclaimer: This is just an opinion and not the prediction, hence do not risk any financials based on this content, we do not take any guarantee or responsibility.
. textiles companies stock market updates. daily news updates. REPREVE. top textiles listed companies globally){kind=link}