Unifi’s fourth quarter capped an end to a successful fiscal year. For the fourth quarter, net sales increased 26.6% to $177 million. Perhaps more importantly, the company reported net income of $5.5 million, or 9 cents per share, for the fourth quarter as compared to a net loss of $6.3 million, or 10 cents per share, in Q4 2009.
In terms of full year results, Unifi benefited from international sales, as Brazil and China reported positive net income, thanks in part to an exceptionally strong June quarter. “Our business in China continues to perform very well, and we're very pleased with the strength and mix of the sales to our customers throughout Asia,” said Ron Smith, CFO.
For the year, Unifi recorded $616.8 million in net sales, up 11.4% from 2009, primarily due to improvements in retail sales of core apparel, home furnishings and automotive categories.