Unifi, Inc. saw net sales from continuing operations for the fiscal third quarter total $181.4 million, which were down $26.3 million or 12.7% from net sales of $207.7 million for the prior year’s quarter. The company noted higher energy prices and rising interest rates as “substantially slowing consumer spending” in the quarter. Cash-on-hand at the end of the current March quarter was $88.4 million.

The company posted a net loss from continuing operations for the quarter of $1.3 million or 3 cents per share, a slight improvement from a net loss of $1.6 million or 3 cents per share for the prior year's quarter. Net income for the current March quarter, including discontinued operations, was a net loss of $2.1 million or 4 cents per share compared a net loss of $1.9 million or 4 cents per share for the prior March quarter.