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US’ Unifi improves Q3 profitability despite lower sales

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US’ Unifi improves Q3 profitability despite lower sales



US-based fibre science and sustainable synthetic textiles company Unifi Inc has reported a sharp improvement in profitability and cash flow in the third quarter (Q3) of fiscal 2026 (FY26), despite lower sales amid geopolitical and tariff-related uncertainty.

The company posted net sales of $130 million for the quarter ended March 29, 2026, down 11.3 per cent year on year (YoY) from $146.6 million. However, sales increased 7.1 per cent sequentially from the previous quarter.

US-based Unifi Inc has reported improved Q3 FY26 profitability despite an 11.3 per cent YoY decline in net sales to $130 million.
The gross profit rose to $9.1 million from a loss a year earlier, while net loss narrowed sharply to $2.3 million.
Adjusted EBIT turned positive at $4 million, supported by cost reductions, operational optimisation and stronger Repreve product sales.

Eddie Ingle, CEO at Unifi said the company’s operational and cost restructuring measures were beginning to translate into improved financial performance. “We are pleased to report that the impact of our team’s hard work is beginning to translate into improved financial performance, highlighted by improved gross profit and debt reduction,” added Ingle.

Gross margin returns to positive territory

The gross profit improved significantly to $9.1 million compared to a gross loss of $0.4 million in Q3 FY25. Gross margin rose to 7 per cent from negative 0.3 per cent a year earlier, supported by multi-year cost reduction efforts and operational optimisation, Unifi said in a press release.

Net loss narrowed sharply to $2.3 million, or $0.12 per diluted share, from $16.8 million, or $0.92 per diluted share, in the corresponding quarter last year. Adjusted net loss improved to $3.8 million from $13.9 million in Q3 FY25, while adjusted EBITDA turned positive at $4 million against a negative $4.9 million a year ago.

Revenue from Repreve fibre products reached $38.2 million during the quarter and accounted for 29 per cent of total net sales, up from $34.3 million and 28 per cent share in the second quarter of FY26.

Unifi also generated $8 million in cash from operating activities during the quarter and $24.4 million during the first nine months of FY26. Debt principal stood at $94.9 million, while net debt was reduced to $68.4 million as of March 29, 2026.

Selling, general and administrative (SG&A) expenses declined 9 per cent YoY to $11.2 million, driven by continued cost-saving initiatives.

“These results were driven by the actions we have taken over the past several quarters to realign our cost structure and optimise our operations and give us confidence that we can generate stronger profitability and cash flow from a lower revenue base moving forward,” said Ingle.

The Americas segment recorded the largest improvement in gross profit due to cost reductions, partially offset by lower sales. Meanwhile, the Brazil segment faced import pricing pressure, and the Asia segment was impacted by lower sales volumes.

Innovation and sustainability focus continue

During the quarter, Unifi published its ‘Sustainability Snapshot’ highlighting progress in textile-to-textile recycling and launched Luxel, a linen-inspired easy-care performance yarn.

Looking ahead, the company expects the fourth quarter of FY26 to benefit from responsive price increases linked to petrochemical-related inflation.

“As we enter the fourth quarter and look towards the remainder of calendar year 2026, we are encouraged by the momentum we are seeing across our businesses,” Ingle said.

“Our innovative beyond apparel business is continuing to gain traction, which should help support improved financial results,” he added.

Fibre2Fashion News Desk (SG)



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H&M debuts on Nordstrom for its first curated marketplace launch in US

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H&M debuts on Nordstrom for its first curated marketplace launch in US



Legacy fashion brand H&M is thrilled to announce its launch on Nordstrom Marketplace, expanding the brand’s reach and giving style driven customers a new way to discover the brand’s most sought after looks. This also marks the brand’s first launch on a curated retail marketplace in the U.S.

“Our launch on Nordstrom Marketplace marks an important step in making H&M even more accessible to customers across the U.S.,” said Kate Rogowski, Head of Customer Activation and Marketing for H&M Americas. “The platform provides a seamless new way for shoppers to discover and experience H&M where they already love to browse, complemented by Nordstrom’s best-in-class customer experience.”

H&M’s entry into Nordstrom Marketplace signals a strategic shift towards curated digital retail, enhancing accessibility and brand visibility in the US.
The move aligns with evolving consumer shopping habits, leveraging Nordstrom’s service ecosystem while enabling H&M to reach new audiences and strengthen omnichannel engagement through a controlled, curated assortment.

At launch, the platform will carry a selected range of specially curated H&M favorites for women, men, and kids, as well as the brand’s sport collection, H&M Move.  Styles will continue to evolve with fresh new arrivals that keep shoppers inspired for seasons to come.

“We’re proud to welcome H&M to Nordstrom Marketplace, expanding our ability to serve more customers on more occasions,” said Miguel Almeida, president of digital and customer experience at Nordstrom. “Customers shopping H&M on nordstrom.com will have access to all of the same Nordstrom services they know and love, including loyalty benefits, customer care support, styling, alterations, and returns that are fast and easy.”

H&M’s April launch is part of the brand’s broader strategy to continually meet customers wherever they choose to shop. Joining the trusted Nordstrom Marketplace means expanded visibility among both new and existing audiences while reinforcing the brand’s commitment to providing a seamless and inspirational shopping experience across touchpoints.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (MS)



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US govt begins $166 bn global tariffs refunds

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US govt begins 6 bn global tariffs refunds



The Trump administration has started issuing refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year, with payments now reaching importers’ bank accounts, according to US media reports.

US Customs and Border Protection (CBP) launched an online refund portal on April 20 to process claims linked to tariffs collected under President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA).

The Trump administration has begun refunding part of the $166 billion in global tariffs ruled unlawful by the US Supreme Court earlier this year.
US Customs launched an online claims portal, with over 1.7 million import entries already in the refund process.
The tariffs were originally introduced to address mounting US balance-of-payments deficits and rising trade imbalances.

According to court filings, claims covering around 1.74 million import entries had passed initial validation and entered the refund process by the end of April, while several million entries were rejected. The government is expected to provide its next status update to the US trade court on May 12.

The Supreme Court ruled against the tariffs in February but did not immediately settle how refunds would be handled, prompting further legal proceedings in New York. The administration has confirmed that approved refunds will include interest payments, although it has not guaranteed repayment for all tariffs collected under the programme.

The tariffs were originally introduced to address mounting US balance-of-payments deficits, rising trade imbalances, and concerns over financial stability. The White House had cited persistent goods trade deficits of about $1.2 trillion in both 2024 and 2025, alongside a deteriorating net international investment position.

Fibre2Fashion News Desk (CG)



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US’ Carter’s taps retail veteran Sharon Price John as new CEO

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US’ Carter’s taps retail veteran Sharon Price John as new CEO



Carter’s, Inc. (“Carter’s” or the “Company”) (NYSE:CRI), North America’s largest and most-enduring apparel company exclusively for babies and young children, today announced the appointment of Sharon Price John as Chief Executive Officer and President, effective June 15, 2026. Ms. John will also be appointed as a member of the Carter’s Board of Directors on the effective date.

Richard F. Westenberger has been appointed interim Chief Executive Officer and President in addition to his responsibilities as Chief Financial Officer & Chief Operating Officer and will serve in this capacity during the transition period until Ms. John joins the Company next month.

Carter’s, Inc. appointed Sharon Price John as CEO & president effective June 15, 2026, succeeding Douglas C. Palladini.
Richard F. Westenberger will serve as interim CEO.
John, ex-Build-A-Bear Workshop chief, drove profitability, omnichannel growth and brand transformation; she also joins the board.
Carter’s reaffirmed FY26 outlook, amid leadership transition and strategic reset.

Ms. John will join Carter’s following the conclusion of her successful 13-year tenure as Chief Executive Officer and President of Build-A-Bear Workshop (“Build-A-Bear”) (NYSE: BBW), which was recently announced. Ms. John led Build-A-Bear through a transformational period of improved profitability and growth. Over her tenure, Ms. John diversified the business model beyond traditional malls, accelerated e-commerce with an integrated omnichannel focus, expanded the company’s addressable market to gifting and collectors, and extended into content-led marketing. Under Ms. John’s leadership, Build-A-Bear was reimagined from both a consumer-facing and infrastructure perspective, while the company navigated retail headwinds and a global pandemic to deliver significant shareholder returns and the fifth consecutive year of record results in 2025.

Prior to joining Build-A-Bear, Ms. John held a number of executive positions, including President of Stride Rite Children’s Group, General Manager and Senior Vice President of Hasbro’s Global Playskool business, and worked at Mattel as the Vice President of International Marketing for the Disney business unit and as a Director of the Barbie brand.

Gretchen W. Schar, incoming Non-Executive Chair of Carter’s Board of Directors, said: “Sharon has a distinguished track record as a public company CEO and brings substantial and relevant experience in the children’s space. Her success in revitalizing Build-A-Bear gives us confidence in her ability to accelerate the work underway at Carter’s and leverage the power of our iconic brands to drive sustainable growth and shareholder value creation. Carter’s is showing solid momentum and we believe Sharon is the perfect fit to lead the Company into the future.”

Ms. John added, “For over 160 years, Carter’s has been a trusted resource as generations of young parents have made this brand their first choice in clothing for the many amazing moments in the life of a child. I am delighted to be joining a company with such a proud history and honored to be entrusted with leading it forward at this pivotal moment. As the leader in young children’s apparel, Carter’s enjoys rich brand equity with consumers and is trusted for the quality, style, and value of its products. We will remain focused on ensuring that Carter’s continues to meet the evolving needs of today’s families and caregivers.”

In connection with Ms. John’s appointment and effective immediately, Douglas C. Palladini has departed the Company as Chief Executive Officer and President, and as a member of the Board of Directors.

William J. Montgoris, outgoing Non-Executive Chair of the Board, commented, “On behalf of the Board, I would like to thank Doug for his contributions to Carter’s during a pivotal year of reset and regained momentum in the business. At the Board’s direction, Doug led a series of initiatives to help Carter’s manage the onset of record tariffs, streamline the organization structure, and improve the quality and productivity of our retail store fleet. We believe it is the right time to transition Carter’s leadership. We sincerely appreciate Doug’s contributions and wish him all the best in his next chapter.”

The Company today also reaffirmed its first quarter and full-year fiscal 2026 outlook that was provided on February 27, 2026. As announced this week, Carter’s will report its results for the first quarter and hold a call with investors and analysts on Wednesday, May 6, 2026.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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