Unifi, Inc, one of world’s leading innovators in recycled and synthetic yarns, has reported net sales increase to $180 mn in Q3 2019 ending March 31, 2019 from $165.9 mn in Q3 2018. Revenues from premium value-added (PVA) products grew 13.5 per cent compared to Q3 of fiscal 2018 and represented approximately 47 per cent of consolidated net sales. The gross margin of the company was 7.7 per cent in Q3 2019, compared to 10 per cent for Q3 of fiscal 2018, primarily impacted by competitive pressures, especially from low cost imports into the US. Operating income was $0.8 mn, compared to $1.6 mn for Q3 of fiscal 2018, adversely impacted by lower gross profit due to competitive pressures and unfavorable foreign currency translation. Imports of polyester textured yarn from China and India – which increased approximately 79 per cent from 2013 to 2017 and which continued to grow during the first half of 2018 – remained elevated during fiscal 2019, creating considerable pressure on margins and competitiveness in the US.