UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K | For the transition period from _____ to _____ | | | --- | --- | | Commission File Number: 1-10542 | | | UNIFI, INC. | | | (Exact name of registrant as specified in its charter) | | | New York | 11-2165495 | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 7201 West Friendly Avenue | | | Greensboro, North Carolina 27410 | | | (Address of principal executive offi ...

Unifi, Inc. (NYSE:UFI) Q4 2023 Results Conference Call August 24, 2023 8:30 AM ET Company Participants Al Carey - Executive Chairman Eddie Ingle - CEO Craig Creaturo - CFO A.J. Eaker - Treasurer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Chris Reynolds - Neuberger Berman Operator Good morning, and thank you for attending Unifi's Fourth Quarter Fiscal 2023 Earnings Conference Call. Today's conference is being recorded. [Operator Instructions] Speakers for today's call include Al ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 2, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10542 UNIFI, INC. (Exact name of registrant as specified in its charter) New York 11-2165495 (State or other jurisdiction of (I.R. ...

Unifi, Inc. (NYSE:UFI) Q3 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants A.J. Eaker - VP, Finance and Treasurer Al Carey - Executive Chairman Eddie Ingle - CEO Craig Creaturo - CFO Conference Call Participants Anthony Lebiedzinski - Sidoti& Company Operator Good day, and welcome to Q3 2023 Unifi Earnings Conference Call. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded. Thank you. I’d now like to welcome A.J. Eaker, Vice ...

INVESTOR PRESENTATION March 2023 CAUTIONARY STATEMENTS Factors that could contribute to such differences include, but are not limited to: the competitive nature of the textile industry and the impact of global competition; changes in the trade regulatory environment and governmental policies and legislation; the availability, sourcing and pricing of raw materials; general domestic and international economic and industry conditions in markets where the Company competes, including economic and political facto ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10542 UNIFI, INC. (Exact name of registrant as specified in its charter) For the transition period from to New York 11-2165495 (State or other jurisdiction of (I. ...

Financial Data and Key Metrics Changes - Net sales for Q2 2023 were $136.2 million, down 32% compared to Q2 2022, leading to stranded fixed costs that negatively impacted profitability [9][10][15] - Consolidated gross profit decreased from $16.9 million to negative $8.0 million, with gross margin declining from 8.4% to negative 5.9% [16] Business Line Data and Key Metrics Changes - The Americas segment saw revenues decrease by 25.7% due to significantly lower sales volumes, while Brazil experienced an 8.1% increase in sales volume, offset by lower average selling prices [15][16] - REPREVE fiber products accounted for 31% of net sales, significantly impacted by lower sales in Asia, but expected to rebound as the operating environment normalizes [12] Market Data and Key Metrics Changes - Demand disruption in the US caused by inventory destocking from retailers led to a slowdown in global apparel production, affecting overall sales [8][9] - In Asia, operations maintained a strong margin profile despite lower demand, with expectations for recovery following the Lunar New Year [11][19] Company Strategy and Development Direction - The company is focusing on cost reductions, managing inventories aggressively, and has successfully generated cash despite a challenging environment [6][10] - There is optimism regarding future growth opportunities, particularly in sustainable fibers, as demand for recycled materials increases [6][8] Management Comments on Operating Environment and Future Outlook - Management noted that the operating environment has been difficult, but there are signs of recovery with improved demand trends observed in January [5][19] - The company expects modest sequential operating improvement in Q3 2023, with a return to positive gross profit anticipated [19][23] Other Important Information - The company refinanced its credit facility, increasing borrowing capacity from $200 million to $230 million, providing liquidity during the current demand softness [17][18] - The company has $38.9 million available for share repurchases, with no repurchases conducted in fiscal 2023 so far [18] Q&A Session Summary Question: What kind of "modest" sequential increase in revenue and significant operating improvement looks like for fiscal Q3? - Management expects a return to positive gross profit and a decent increase in volumes across all segments, particularly in Brazil and Asia [21][23] Question: Any color on the magnitude of the impact from increased Asian competition? - Management indicated that Brazilian operations faced unusual pricing pressures from low-cost Asian imports, but expect margins to improve as higher-priced raw materials flow through [24] Question: What was the sort of volume versus pricing in the quarter? - Management noted that input costs are stabilizing, and they expect to hold pricing as volumes return [26][30] Question: Have you sold most of the high-cost inventory by now? - Management confirmed that inventory has flushed through in the US, while Brazil's longer supply chain means it will take more time [28] Question: Are you seeing any signs that things have picked up post-Lunar New Year? - Management reported positive signals in February, with increased demand for REPREVE and expectations for brands to place orders soon [29] Question: What is your confidence level regarding pricing in the current macro environment? - Management is being strategic with pricing, balancing between volumes and opportunities, and is optimistic about holding pricing as volumes recover [30][31]

Exhibit 99.2 1 CONFERENCE CALL PRESENTATION Second Quarter Ended January 1, 2023 (Unaudited Results) CAUTIONARY STATEMENTS Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about the financial condition and results of operations of the Company that are based on management's beliefs, assumptions and expectations about our future economic performance, considering the information currently available to management. An ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 2, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10542 UNIFI, INC. (Exact name of registrant as specified in its charter) New York 11-2165495 (State or other jurisdiction of (I. ...

Financial Data and Key Metrics Changes - The company's net sales for Q1 2023 were $179.5 million, down 8% compared to Q1 2022, driven by lower volumes due to a stressed demand environment [13][14] - Consolidated gross profit decreased from $26.1 million to $6.6 million, with gross margin declining from 13.3% to 3.7% [27] - The Americas segment experienced a 2.9% decrease in revenues, while Brazil showed a double-digit volume growth of 16.6% [26] Business Line Data and Key Metrics Changes - REPREVE Fiber products comprised 27% of net sales for Q1 but were negatively impacted by demand disruptions [18] - The Americas segment faced significant margin pressure due to reduced demand, while Brazil maintained strong revenue performance [26][27] - Asia's sales volumes were challenged by COVID lockdowns and overall market demand pressures, although pricing and mix remained strong [26][27] Market Data and Key Metrics Changes - North American volume was down 20%, and Asia's volume decreased by 40% due to retail order slowdowns and COVID-related impacts [5][6] - Brazil's market is expected to face competitive imports, while Asia is awaiting signals from brands for renewed ordering patterns [17] Company Strategy and Development Direction - The company is focusing on four key initiatives: cost reduction in North America, enhancing the REPREVE brand, exploring new business segments beyond apparel, and renewing its credit facility [7][9][10] - The company aims to strengthen its long-term business and profitability despite short-term challenges [7][10] Management's Comments on Operating Environment and Future Outlook - Management indicated that the operating environment remains fluid, with expectations of a similar environment in Q2, but a recovery is anticipated in the second half of fiscal 2023 [35][36] - The company plans to shift guidance to a quarterly basis until visibility improves, expecting net sales to be 10% to 15% lower in Q2 compared to Q1 [36] Other Important Information - The company completed the refinancing of its asset-based lending facility, increasing borrowing capacity from $200 million to $230 million [29][30] - The effective tax rate for the quarter was negatively impacted by lower profitability levels in the U.S. [32] Q&A Session Summary Question: Can you provide more details on cost reduction actions and their nature? - Management indicated that cost reduction actions are predominantly temporary, with extended shutdowns planned during the holiday periods [40] Question: What gives confidence in maintaining market share in Asia despite revenue decline? - Management expressed confidence that brands will need to restock inventories, leading to a return in orders for REPREVE [42] Question: What covenants exist in the amended credit facility? - The covenants are similar to the previous facility, with a fixed charge coverage ratio covenant that is springing, ensuring compliance is manageable [43] Question: Are you confident in holding pricing amidst weak demand? - Management acknowledged pressure to manage prices down but emphasized efforts to maintain appropriate margins [45] Question: What is the outlook for CapEx spending plans? - Management confirmed that CapEx programs have been cut back, but spending on Evo texturing machines is ongoing [46] Question: Were there significant inventory write-downs in the quarter? - Management confirmed that write-downs did impact the business, but the primary issue was the lack of volume in the Americas [48] Question: Which new business segment is expected to have the quickest impact? - Management indicated that the home segment is expected to provide the quickest jump in impact compared to automotive and industrial segments [52]