Unifi Reports Q1 2026 Earnings with Declining Sales and Cost Reduction Initiatives
Unifi (UFI) reported Q1 2026 earnings with consolidated net sales of $135.7 million, down 8% year-over-year, driven by tariff uncertainty and weak demand. The company also announced cost reduction plans, including $5 million in annual SG&A savings and $5 million in quarterly manufacturing savings post-facility closure.
Tickers: $UFI
Topics: consolidation cost reduction earnings sales decline tariff uncertainty