2 unchanged sentences
(In thousands, except share and per share amounts)
−Removed: September 28, 2025
+Added: December 28, 2025
June 29, 2025
23 unchanged sentences
18,578,213 and 18,360,663
−Removed: shares issued and outstanding as of September 28, 2025 and June 29, 2025, respectively)
+Added: shares issued and outstanding as of December 28, 2025 and June 29, 2025, respectively)
Capital in excess of par value
7 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Cost of sales
Selling, general and administrative expenses
−Removed: (Benefit) provision for bad debts
−Removed: Restructuring costs
−Removed: Other operating expense, net
+Added: Provision (benefit) for bad debts
+Added: Restructuring costs, net
+Added: Gain on sale of assets
+Added: Other operating expense (income), net
Operating loss
1 unchanged sentence
Interest expense
−Removed: Equity in earnings of unconsolidated affiliate
+Added: Equity in loss of unconsolidated affiliate
Loss before income taxes
3 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
−Removed: Other comprehensive income:
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
+Added: Other comprehensive (loss) income:
Foreign currency translation adjustments
−Removed: Other comprehensive income
+Added: Other comprehensive (loss) income
Comprehensive loss
6 unchanged sentences
Total Shareholders’ Equity
+Added: Balance at September 28, 2025
+Added: Conversion of equity units
+Added: Stock-based compensation
+Added: Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions
+Added: Other comprehensive loss, net of tax
+Added: Balance at December 28, 2025
+Added: Capital in Excess of Par Value
+Added: Retained Earnings
+Added: Accumulated Other Comprehensive Loss
+Added: Total Shareholders’ Equity
Balance at June 29, 2025
+Added: Conversion of equity units
Stock-based compensation
+Added: Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions
Other comprehensive income, net of tax
+Added: Balance at December 28, 2025
+Added: Capital in Excess of Par Value
+Added: Retained Earnings
+Added: Accumulated Other Comprehensive Loss
+Added: Total Shareholders’ Equity
Balance at September 29, 2024
+Added: Options exercised
+Added: Conversion of equity units
+Added: Stock-based compensation
+Added: Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions
+Added: Other comprehensive loss, net of tax
+Added: Balance at December 29, 2024
Capital in Excess of Par Value
4 unchanged sentences
Options exercised
+Added: Conversion of equity units
Stock-based compensation
−Removed: Other comprehensive income, net of tax
−Removed: Balance at September 29, 2024
+Added: Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions
+Added: Other comprehensive loss, net of tax
+Added: Balance at December 29, 2024
See accompanying notes to condensed consolidated financial statements.
1 unchanged sentence
(In thousands)
−Removed: For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
Cash and cash equivalents at beginning of period
Operating activities:
−Removed: Adjustments to reconcile net loss to net cash used by operating activities:
−Removed: Equity in earnings of unconsolidated affiliate
+Added: Adjustments to reconcile net loss to net cash provided (used) by operating activities:
+Added: Equity in loss of unconsolidated affiliate
Depreciation and amortization expense
Non-cash compensation expense
+Added: Gain on sale of assets
Deferred income taxes
3 unchanged sentences
Accounts payable and other current liabilities
−Removed: Net cash used by operating activities
+Added: Net cash provided (used) by operating activities
Investing activities:
1 unchanged sentence
Proceeds from the sale of assets
−Removed: Net cash used by investing activities
+Added: Net cash (used) provided by investing activities
Financing activities:
3 unchanged sentences
Payments on finance lease obligations
−Removed: Net cash provided by financing activities
+Added: Net cash (used) provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
−Removed: Net decrease in cash and cash equivalents
+Added: Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at end of period
19 unchanged sentences
All amounts, except per share amounts, are presented in thousands (000s), except as otherwise noted.
−Removed: The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on September 28, 2025.
−Removed: Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarters ended on September 30, 2025.
+Added: The fiscal quarter for each of Unifi, Inc., its primary domestic operating subsidiaries and its subsidiary in El Salvador ended on December 28, 2025.
+Added: Unifi, Inc.’s remaining material operating subsidiaries’ fiscal quarters ended on December 31, 2025.
There were no significant transactions or events that occurred between Unifi, Inc.’s fiscal quarter end and such wholly owned subsidiaries’ fiscal quarters end.
−Removed: The three-month periods ended September 28, 2025 and September 29, 2024 both consisted of 13 weeks.
+Added: The three-month periods ended December 28, 2025 and December 29, 2024 both consisted of 13 weeks.
+Added: The six-month periods ended December 28, 2025 and December 29, 2024 both consisted of 26 weeks.
Recent Accounting Pronouncements
17 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Third-party manufacturer
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
REPREVE ® Fiber
16 unchanged sentences
Maturity Date
−Removed: September 28, 2025
−Removed: September 28, 2025
+Added: December 28, 2025
+Added: December 28, 2025
June 29, 2025
26 unchanged sentences
On April 10, 2025, UNIFI entered into a Second Amendment to the 2022 Credit Agreement (the “Second Amendment”).
−Removed: The Second Amendment primarily (i) permits the Company to enter into the purchase agreement related to, and consummate the sale of, the Madison, North Carolina property, (ii) permits the Company to allocate a portion of the net proceeds from the sale to repay outstanding revolving loans under the 2022 Credit Agreement, after the application of the greater of $ 25,000 or 50 % of such net proceeds toward outstanding term loans, and (iii) requires the consent of all lenders, rather than the Required Lenders (as defined in the 2022 Credit Agreement), in order to reset the maximum amount of the term loans available under the 2022 Credit Agreement.
+Added: The Second Amendment primarily (i) permits the Company to enter into the purchase agreement related to, and consummate the sale of, the Company's Madison, North Carolina property, (ii) permits the Company to allocate a portion of the net proceeds from the sale to repay outstanding revolving loans under the 2022 Credit Agreement, after the application of the greater of $ 25,000 or 50 % of such net proceeds toward outstanding term loans, and (iii) requires the consent of all lenders, rather than the Required Lenders (as defined in the 2022 Credit Agreement), in order to reset the maximum amount of the term loans available under the 2022 Credit Agreement.
The provision for income taxes and effective tax rate were as follows:
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Provision for income taxes
1 unchanged sentence
Income Tax Expense
−Removed: UNIFI’s provision for income taxes for the three months ended September 28, 2025 and September 29, 2024 was calculated by applying the estimated annual effective tax rate to year-to-date pre-tax book income and adjusting for discrete items that occurred during the period.
−Removed: The effective tax rate for the three months ended September 28, 2025 and September 29, 2024 varied from the U.S.
+Added: UNIFI’s provision for income taxes for the six months ended December 28, 2025 and December 29, 2024 was calculated by applying the estimated annual effective tax rate to year-to-date pre-tax book income and adjusting for discrete items that occurred during the period.
+Added: The effective tax rate for the three and six months ended December 28, 2025 and December 29, 2024 varied from the U.S.
federal statutory rate primarily due to the U.S.
1 unchanged sentence
On July 4, 2025, the U.S.
−Removed: government enacted The One Big Beautiful Bill Act of 2025 (“Act”), making significant changes to the U.S.
+Added: government enacted The One Big Beautiful Bill Act of 2025 (the “Act”), making significant changes to the U.S.
corporate income tax system.
1 unchanged sentence
however, UNIFI will continue to evaluate their impact as further information becomes available.
−Removed: UNIFI has reflected the impact of the enacted provisions in the three months ended September 28, 2025.
+Added: UNIFI has reflected the impact of the enacted provisions in the three and six months ended December 28, 2025.
Unrecognized Tax Benefits
9 unchanged sentences
Second Amended and Restated 2013 Incentive Compensation Plan (the “2020 Plan”).
−Removed: The 2020 Plan set the initial number of shares available for future issuance (“share reserve”) pursuant to awards granted under the 2020 Plan to 850 .
−Removed: In October 2023, the 2020 Plan was amended to increase the reserve by 1,100 shares and the Second Amendment added an additional 1,240 shares to the share reserve.
+Added: The 2020 Plan set the initial number of shares available for future issuance (the “share reserve”) pursuant to awards granted under the 2020 Plan to 850 .
+Added: In October 2023, the 2020 Plan was amended to increase the share reserve by 1,100 shares and the Second Amendment added an additional 1,240 shares to the share reserve.
No additional awards can be granted under prior plans;
3 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Basic weighted average shares
12 unchanged sentences
Related party balances and transactions are not material to the condensed consolidated financial statements and, accordingly, are not presented separately from other financial statement captions.
−Removed: There were no related party receivables as of September 28, 2025 and June 29, 2025.
+Added: There were no related party receivables as of December 28, 2025 and June 29, 2025.
Related party payables for Salem Leasing Corporation consisted of the following:
−Removed: September 28, 2025
+Added: December 28, 2025
June 29, 2025
5 unchanged sentences
For the Three Months Ended
+Added: For the Six Months Ended
Affiliated Entity
Transaction Type
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Salem Leasing Corporation
1 unchanged sentence
As discussed in Note 5, “Long-Term Debt” , UNIFI entered into the 2024 Facility in October 2024 which was collateralized by personal assets of a board member.
−Removed: During the three-month period ended September 29, 2024, UNIFI borrowed $ 22,000 on the 2024 Facility and used the proceeds to reduce the outstanding ABL Revolver balance .
+Added: On January 2, 2025, UNIFI borrowed $ 22,000 on the 2024 Facility and used the proceeds to reduce the outstanding ABL Revolver balance.
Notes to Condensed Consolidated Financial Statements (Continued)
16 unchanged sentences
Selected financial information is presented below:
−Removed: For the Three Months Ended September 28, 2025
+Added: For the Three Months Ended December 28, 2025
Cost of sales
2 unchanged sentences
Segment Profit
−Removed: For the Three Months Ended September 29, 2024
+Added: For the Three Months Ended December 29, 2024
Cost of sales
1 unchanged sentence
Segment depreciation expense
+Added: Segment (Loss) Profit
+Added: For the Six Months Ended December 28, 2025
+Added: Cost of sales
+Added: Gross (loss) profit
+Added: Segment depreciation expense
Segment Profit
+Added: For the Six Months Ended December 29, 2024
+Added: Cost of sales
+Added: Gross (loss) profit
+Added: Segment depreciation expense
+Added: Segment Profit
Notes to Condensed Consolidated Financial Statements (Continued)
1 unchanged sentence
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Segment gross profit
Selling, general and administrative expenses
−Removed: (Benefit) provision for bad debts
−Removed: Restructuring costs
−Removed: Other operating expense, net
+Added: Provision (benefit) for bad debts
+Added: Restructuring costs, net
+Added: Gain on sale of assets
+Added: Other operating expense (income), net
Operating loss
1 unchanged sentence
Interest expense
−Removed: Equity in earnings of unconsolidated affiliate
+Added: Equity in loss of unconsolidated affiliate
Loss before income taxes
1 unchanged sentence
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Segment depreciation expense
3 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Segment capital expenditures
2 unchanged sentences
The reconciliations of segment total assets to consolidated total assets are as follows:
−Removed: September 28, 2025
+Added: December 28, 2025
June 29, 2025
7 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
Remaining Foreign Countries
3 unchanged sentences
Long-Lived Assets
−Removed: September 28, 2025
+Added: December 28, 2025
June 29, 2025
10 unchanged sentences
For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
−Removed: As of September 28, 2025, UNIFI’s open purchase orders related to this supply agreement w ere $ 2,115 .
−Removed: As of September 28, 2025 and June 29, 2025, UNIFI had accounts payable due t o UNFA of $ 2,035 and $ 1,368 , respectively.
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
+Added: December 28, 2025
+Added: December 29, 2024
+Added: As of December 28, 2025, UNIFI’s open purchase orders related to this supply agreement we re $ 0 .
+Added: As o f December 28, 2025 and June 29, 2025, UNIFI had accounts payable due to UNFA of $ 679 and $ 1,368 , respectively.
Other than the supply agreement discussed above, UNIFI does not provide any other commitments or guarantees related to UNFA.
−Removed: As of September 28, 2025 and June 29, 2025, UNIFI’s investment in UNFA was $ 1,267 and $ 1,151 , respectively.
+Added: As of December 28, 2025 and June 29, 2025, UNIFI’s investment in UNFA w as $ 1,141 an d $ 1,151 , respectively.
There have been no significant changes in the condensed balance sheet and income statement information for UNFA as previously disclosed in the 2025 Form 10-K.
1 unchanged sentence
Cash payments for interest and taxes consist of the following:
−Removed: For the Three Months Ended
−Removed: September 28, 2025
−Removed: September 29, 2024
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 29, 2024
Interest, net of capitalized interest of $ 8 and $ 80 , respectively
−Removed: Income tax payments, net
+Added: Income tax (refunds) payments, net
Cash payments for taxes shown above consist primarily of income and withholding tax payments made by UNIFI in both U.S.
1 unchanged sentence
Non-Cash Investing and Financing Activities
−Removed: As of September 28, 2025 and June 29, 2025, $ 417 and $ 676 , respectively, were included in accounts payable for unpaid capital expenditures.
−Removed: As of September 29, 2024 and June 30, 2024, $ 772 and $ 879 , respectively, were included in accounts payable for unpaid capital expenditures.
−Removed: During the three-months ended September 28, 2025 and September 29, 2024, UNIFI recorded non-cash activity relating to finance lease s of $ 3,705 a nd $ 0 , respectively.
+Added: As of December 28, 2025 and June 29, 2025, $ 130 and $ 676 , respectively, were included in accounts payable for unpaid capital expenditures.
+Added: As of December 29, 2024 and June 30, 2024, $ 702 and $ 879 , respectively, were included in accounts payable for unpaid capital expenditures.
+Added: During the six-months ended December 28, 2025 and December 29, 2024, UNIFI recorded non-cash activity relating to finance leases of $ 3,705 a nd $ 0 , respectively.
Notes to Condensed Consolidated Financial Statements (Continued)
−Removed: Restructuring Costs
−Removed: On February 3, 2025, UNIFI announced the pending closure of a manufacturing facility in Madison, North Carolina, and a plan to transition the associated manufacturing operations to other production facilities in North and Central America.
−Removed: In the fourth quarter of fiscal 2025, UNIFI sold the Madison, North Carolina facility, as well as certain machinery and equipment located thereon, for a cash purchase price of $ 45,000 ("Madison Sale").
+Added: Restructuring Costs, Net
+Added: On February 3, 2025, UNIFI announced the pending closure of its manufacturing facility in Madison, North Carolina, and a plan to transition the associated manufacturing operations to other production facilities in North and Central America.
+Added: In the fourth quarter of fiscal 2025, UNIFI sold the Madison, North Carolina facility, as well as certain machinery and equipment located thereon, for a cash purchase price of $ 45,000 (the "Madison Sale").
The net proceeds of the Madison Sale were used to repay a portion of the principal balance of the term loan and revolving credit facility outstanding under the 2022 Credit Agreement.
−Removed: As part of the Madison Sale, there is an amendment to the purchase agreement for the potential payment of deferred compensation to UNIFI in the amount of (i) $ 8,000 , if certain energy supply conditions are met within two years of closing, (ii) $ 5,000 , if the same conditions are not met within two years of closing but are met within three years of closing, and (iii) up to $ 5,000 , if certain additional energy conditions beyond those referred to in (i) and (ii) are met within four years of closing.
−Removed: The maximum potential future payment to UNIFI is $ 13,000 .
−Removed: No amounts related to the future occurrence of these events have been recorded in the Consolidated Financial Statements as of September 28, 2025.
−Removed: During the three-months ended September 28, 2025, UNIFI incurred transition costs related to the consolidation of Americas yarn manufacturing operations discussed above for facility closure and equipment relocation costs including asset impairments and disposals and employee separation costs that were recorded within Restructuring costs in the Consolidated Statements of Operations.
−Removed: UNIFI expects that these restructuring charges, other than any asset impairment or losses from disposal, will consist of cash payments, which are anticipated to continue through the end of calendar year 2025.
−Removed: The restructuring expenses incurred in all periods primarily impacted the Americas Segment.
−Removed: A summary of the restructuring activities consists of the following:
+Added: As part of the Madison Sale, the Company entered into an amendment to the purchase agreement for the potential payment of deferred compensation to UNIFI in the amount of (i) $ 8,000 , if certain energy supply conditions are met within two years of closing, (ii) $ 5,000 , if the same conditions are not met within two years of closing but are met within three years of closing, and (iii) up to $ 5,000 , if certain additional energy conditions beyond those referred to in (i) and (ii) are met within four years of closing.
+Added: The maximum potential future payments to UNIFI are $ 13,000 .
+Added: No amounts related to such future payments have been recorded in the Consolidated Financial Statements as of December 28, 2025.
+Added: During the three and six months ended December 28, 2025, UNIFI incurred transition costs related to the consolidation of Americas yarn manufacturing operations discussed above for facility closure and equipment relocation costs including asset impairments and disposals net of any salvage proceeds and employee separation costs that were recorded within Restructuring costs, net in the Consolidated Statements of Operations.
+Added: The restructuring expenses (benefits) incurred in all periods primarily impacted the Americas Segment.
+Added: A summary of the restructuring activities (benefits) consists of the following:
For the Three Months Ended
−Removed: September 28, 2025
+Added: For the Six Months Ended
+Added: December 28, 2025
+Added: December 28, 2025
Facility closure and equipment relocation costs
Employee separation costs
−Removed: Restructuring costs
−Removed: Liability as of June 29, 2025
−Removed: Restructuring costs
+Added: Restructuring costs, net
+Added: Beginning Liability
+Added: Restructuring costs, net
+Added: Gain on disposals of assets
Cash payments
−Removed: Loss on disposals of assets
−Removed: Liability as of September 28, 2025
−Removed: UNIFI has implemented additional cost savings initiatives that include reducing variable manufacturing costs across labor, spend, and support functions, while also eliminating a meaningful percentage of salaried positions in the U.S.
−Removed: ("Fiscal 2026 Profit Improvement Plan").
−Removed: Subsequent to the quarter ended September 28, 2025, UNIFI incurred severance costs of approximately $ 600 related to the Fiscal 2026 Profit Improvement Plan.
+Added: Liability as of December 28, 2025
+Added: During October 2025, UNIFI implemented additional cost-saving initiatives that included reducing variable manufacturing costs across labor, spend, and support functions, while also eliminating salaried positions in the U.S.
+Added: (the "Fiscal 2026 Profit Improvement Plan" ).
+Added: During the three-months ended December 28, 2025, UNIFI incurred employee separation costs of $ 1,093 related to the Fiscal 2026 Profit Improvement Plan.
Notes to Condensed Consolidated Financial Statements (Continued)
1 unchanged sentence
Select balance sheet information is presented in the following table.
−Removed: September 28, 2025
+Added: December 28, 2025
June 29, 2025
47 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.